AI Powered Equity ETF Forecast
AI Powered Equity ETF upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The AI Powered Equity ETF price gained 0.645% on the last trading day (Thursday, 2nd May 2024), rising from $34.38 to $34.60. During the last trading day the ETF fluctuated 0.80% from a day low at $34.32 to a day high of $34.60. The price has risen in 6 of the last 10 days and is up by 2.74% 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, 514 more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $124.94 thousand.
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 -2.83% during the next 3 months and, with a 90% probability hold a price between $32.33 and $35.05 at the end of this 3-month period.
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AIEQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.53%. 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). AI Powered Equity has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AI Powered Equity 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 $35.12. On a fall, the ETF will find some support from the short-term average at $34.53. 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.
Support, Risk & Stop-loss for AI Powered Equity ETF
AI Powered Equity finds support from accumulated volume at $34.08 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 $0.276 between high and low, or 0.80%. For the last week the ETF has had daily average volatility of 0.96%.
Our recommended stop-loss: $32.79 (-5.22%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (AIEQ) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect AI Powered Equity ETF to open at $34.51, and during the day (based on 14 day Average True Range), to move between $34.16 and $35.04, which gives a possible trading interval of +/-$0.437 (+/-1.26%) up or down from last closing price. If AI Powered Equity ETF takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.00 (1.16%) than the support at $34.08 (1.50%), 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 AI Powered Equity ETF ETF A Buy?
AI Powered Equity 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: -0.616 Hold/Accumulate Upgraded
Predicted Opening Price for AI Powered Equity ETF of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $34.51 ( 0.266%) | $34.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIEQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.78 | 0.532 % | |
| R2 | 34.68 | 0.227 % | ||
| R1 | 34.61 | 0.0389 % | ||
| Current price: | 34.60 | |||
| Support | S1 | 34.40 | -0.571 % | |
| S2 | 34.34 | -0.760 % | ||
| S3 | 34.23 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.72 | 3.25 % | |
| R2 | 35.41 | 2.34 % | ||
| R1 | 35.00 | 1.16 % | ||
| Current price | 34.60 | |||
| Support | S1 | 34.08 | -1.50% | |
| S2 | 34.01 | -1.71% | ||
| S3 | 33.72 | -2.54% |
AIEQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2024 | Mar 26, 2024 | Mar 28, 2024 | $0.150 | 0.412% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.0070 | 0.0195% |
| 3 | Mar 30, 2023 | Sep 20, 2023 | Sep 22, 2023 | $0.130 | 0.434% |
| 4 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | $0.120 | 0.389% |
| 5 | Mar 21, 2023 | Mar 22, 2023 | Mar 24, 2023 | $0.0900 | 0.317% |
FAQ
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