BetaShares Australian High Intr Cash ETF Forecast
BetaShares Australian High Intr Cash ETF price ended at A$50.28 on Friday, after gaining 0.0199%.
(Updated on Jun 28, 2024)
The BetaShares Australian High Intr Cash ETF price gained 0.0199% on the last trading day (Friday, 28th Jun 2024), rising from A$50.27 to A$50.28. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.0398% from a day low at A$50.26 to a day high of A$50.28. The price has risen in 8 of the last 10 days and is up by 0.24% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 655 thousand more shares were traded than the day before. In total, 844 thousand shares were bought and sold for approximately A$42.43 million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at A$50.31 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect BetaShares Australian High Intr Cash ETF with a 90% probability to be traded between A$50.17 and A$50.36 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AAA.AX Signals & Forecast
Mostly positive signals in the chart today. The BetaShares Australian High Intr Cash ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at A$50.24 and A$50.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 0.359%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Thursday, April 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 17, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, April 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 17, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, April 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 17, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A buy signal from a double bottom formation was found on Monday, June 03, 2024 with a target of A$50.14. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for BetaShares Australian High Intr Cash ETF
BetaShares Australian High Intr Cash finds support from accumulated volume at A$50.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved A$0.0200 between high and low, or 0.0398%. For the last week the ETF has had daily average volatility of 0.0239%.
The BetaShares Australian High Intr Cash ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: A$46.99 (-6.55%) (This ETF has low daily movements and this gives low risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (AAA.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect BetaShares Australian High Interest Cash ETF to open at A$50.27, and during the day (based on 14 day Average True Range), to move between A$50.26 and A$50.30, which gives a possible trading interval of +/-A$0.0206 (+/-0.04%) up or down from last closing price. If BetaShares Australian High Interest Cash ETF takes out the full calculated possible swing range there will be an estimated 0.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ A$50.22, some A$0.0600 (0.12%) from the current price of A$50.28, our system finds the risk reward attractive.
Is BetaShares Australian High Interest Cash ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for BetaShares Australian High Intr Cash ETF to perform well in the short-term period.
Current score: 3.563 Buy Candidate Unchanged
Predicted Opening Price for BetaShares Australian High Interest Cash ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| A$50.27 ( 0.0133%) | A$50.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAA.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.29 | 0.0265% |
| R2 | 50.29 | 0.0113% |
| R1 | 50.28 | 0.0019% |
| Price | 50.28 | |
| S1 | 50.27 | -0.0285% |
| S2 | 50.26 | -0.0378% |
| S3 | 50.25 | -0.0530% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 50.28 | |
| S1 | 50.22 | -0.119% |
| S2 | 50.21 | -0.139% |
| S3 | 50.16 | -0.239% |
AAA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 16, 2024 | A$0.199 | 0.397% |
| 2 | Apr 02, 2024 | Apr 02, 2024 | Apr 17, 2024 | A$0.171 | 0.341% |
| 3 | Mar 01, 2024 | Mar 01, 2024 | Mar 18, 2024 | A$0.177 | 0.354% |
| 4 | Feb 01, 2024 | Feb 01, 2024 | Feb 16, 2024 | A$0.200 | 0.398% |
| 5 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | A$0.175 | 0.350% |
FAQ
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