ADVISORSHARES DORSEY WRIGHT ADR ETF Forecast
Stronger technical forecast for ADVISORSHARES DORSEY WRIGHT ADR ETF price after Friday trading.
(Updated on Jun 21, 2024)
The ADVISORSHARES DORSEY WRIGHT ADR ETF price fell by -0.747% on the last day (Friday, 21st Jun 2024) from $62.22 to $61.76. During the last trading day the ETF fluctuated 1.40% from a day low at $61.76 to a day high of $62.62. The price has risen in 6 of the last 10 days but is still down by -2.38% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -629 shares and in total, 16 shares were bought and sold for approximately $988.09 .
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $61.17 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 4.08% during the next 3 months and, with a 90% probability hold a price between $63.66 and $69.16 at the end of this 3-month period.
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AADR Signals & Forecast
There are few to no technical positive signals at the moment. The ADVISORSHARES DORSEY WRIGHT ADR ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $62.58 and $63.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -5.57%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ADVISORSHARES DORSEY WRIGHT ADR ETF
ADVISORSHARES DORSEY WRIGHT ADR finds support from accumulated volume at $61.55 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.86 between high and low, or 1.40%. For the last week the ETF has had daily average volatility of 0.96%
Our recommended stop-loss: $57.84 (-6.34%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (AADR) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect ADVISORSHARES DORSEY WRIGHT ADR ETF to open at $62.04, and during the day (based on 14 day Average True Range), to move between $61.02 and $62.49, which gives a possible trading interval of +/-$0.736 (+/-1.19%) up or down from last closing price. If ADVISORSHARES DORSEY WRIGHT ADR ETF takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.95 (0.31%) than the support at $61.55 (0.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ADVISORSHARES DORSEY WRIGHT ADR ETF ETF A Buy?
ADVISORSHARES DORSEY WRIGHT ADR holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.772 Hold/Accumulate Upgraded
Predicted Opening Price for ADVISORSHARES DORSEY WRIGHT ADR ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $62.04 ( 0.467%) | $61.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AADR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 62.91 | 1.87% |
| R2 | 62.58 | 1.33% |
| R1 | 62.37 | 1.00% |
| Price | 61.76 | |
| S1 | 61.71 | -0.0681% |
| S2 | 61.51 | -0.399% |
| S3 | 61.18 | -0.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 63.83 | 3.36% |
| R2 | 62.54 | 1.27% |
| R1 | 61.95 | 0.315% |
| Price | 61.76 | |
| S1 | 61.55 | -0.333% |
| S2 | 61.34 | -0.673% |
| S3 | 60.04 | -2.78% |
AADR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.0155 | 0.0250% |
| 2 | Dec 22, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.163 | 0.290% |
| 3 | Sep 22, 2023 | Sep 25, 2023 | Sep 29, 2023 | $0.127 | 0.259% |
| 4 | Jun 21, 2023 | Jun 22, 2023 | Jun 30, 2023 | $0.128 | 0.258% |
| 5 | Dec 22, 2022 | Dec 23, 2022 | Dec 30, 2022 | $0.540 | 1.13% |
FAQ
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