LeaderShares Activist Leaders ETF Forecast
LeaderShares Activist Leaders ETF upgraded to Hold/Accumulate.
(Updated on Jun 21, 2024)
The LeaderShares Activist Leaders ETF price gained 0.728% on the last trading day (Friday, 21st Jun 2024), rising from $31.72 to $31.95. During the last trading day the ETF fluctuated 0.665% from a day low at $31.74 to a day high of $31.95. The price has fallen in 7 of the last 10 days and is down by -3.18% for this period. Volume fell on the last day by -3 thousand shares and in total, 6 thousand shares were bought and sold for approximately $182.79 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.97% during the next 3 months and, with a 90% probability hold a price between $29.91 and $31.93 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ACTV Signals & Forecast
There are mixed signals in the ETF today. The LeaderShares Activist Leaders ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $33.09. On a fall, the ETF will find some support from the short-term average at $31.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.15%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for LeaderShares Activist Leaders ETF
LeaderShares Activist Leaders finds support from accumulated volume at $31.83 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 $0.211 between high and low, or 0.665%. For the last week the ETF has had daily average volatility of 0.698%
Our recommended stop-loss: $30.13 (-5.70%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (ACTV) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect LeaderShares Activist Leaders ETF to open at $31.88, and during the day (based on 14 day Average True Range), to move between $31.57 and $32.33, which gives a possible trading interval of +/-$0.377 (+/-1.18%) up or down from last closing price. If LeaderShares Activist Leaders ETF takes out the full calculated possible swing range there will be an estimated 2.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.83 (0.38%) than the resistance at $33.00 (3.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LeaderShares Activist Leaders ETF ETF A Buy?
LeaderShares Activist Leaders holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.245 Hold/Accumulate Upgraded
Predicted Opening Price for LeaderShares Activist Leaders ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $31.88 ( 0.220%) | $31.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACTV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.09 | 0.440% |
| R2 | 32.01 | 0.188% |
| R1 | 31.96 | 0.0321% |
| Price | 31.95 | |
| S1 | 31.80 | -0.472% |
| S2 | 31.75 | -0.628% |
| S3 | 31.67 | -0.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.80 | 8.92% |
| R2 | 34.02 | 6.48% |
| R1 | 33.00 | 3.29% |
| Price | 31.95 | |
| S1 | 31.83 | -0.379% |
| S2 | 31.76 | -0.582% |
| S3 | 31.72 | -0.723% |
ACTV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.395 | 1.22% |
| 2 | Dec 20, 2022 | Dec 21, 2022 | Dec 28, 2022 | $0.0830 | 0.292% |
| 3 | Dec 20, 2021 | Dec 21, 2021 | Dec 28, 2021 | $2.78 | 7.63% |
| 4 | Dec 18, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.0350 | 0.112% |
FAQ
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