AI Powered Equity ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for AI Powered Equity as ETF downgraded to Hold/Accumulate.
(Updated on May 21, 2024)
The AI Powered Equity ETF price fell by -0.192% on the last day (Tuesday, 21st May 2024) from $35.85 to $35.78. During the last trading day the ETF fluctuated 0.448% from a day low at $35.69 to a day high of $35.85. The price has been going up and down for this period, and there has been a 2.11% gain for the last 2 weeks. 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 -6 thousand shares and in total, 6 thousand shares were bought and sold for approximately $222.41 thousand.
The ETF lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $35.84 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.23% during the next 3 months and, with a 90% probability hold a price between $32.39 and $35.04 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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AIEQ Signals & Forecast
The AI Powered Equity 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 $35.66 and $34.90. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -0.248%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for AI Powered Equity ETF
AI Powered Equity finds support from accumulated volume at $35.41 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 $0.160 between high and low, or 0.448%. For the last week the ETF has had daily average volatility of 0.576%
The AI Powered Equity 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 and the RSI is still moving upwards. 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: $34.57 (-3.37%) (This ETF has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (AIEQ) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect AI Powered Equity ETF to open at $35.77, and during the day (based on 14 day Average True Range), to move between $35.46 and $36.10, which gives a possible trading interval of +/-$0.315 (+/-0.88%) 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 1.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.81 (0.10%) than the support at $35.41 (1.03%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.367 Hold/Accumulate Downgraded
Predicted Opening Price for AI Powered Equity ETF of Wednesday, May 22, 2024
Fair opening price May 22, 2024 | Current price |
---|---|
$35.77 ( 0.0187%) | $35.78 |
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 | 35.93 | 0.428 % | |
R2 | 35.87 | 0.257 % | ||
R1 | 35.83 | 0.152 % | ||
Current price: | 35.78 | |||
Support | S1 | 35.71 | -0.189 % | |
S2 | 35.67 | -0.295 % | ||
S3 | 35.61 | -0.466 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.38 | 1.68 % | |
R2 | 35.86 | 0.224 % | ||
R1 | 35.81 | 0.0950 % | ||
Current price | 35.78 | |||
Support | S1 | 35.41 | -1.03% | |
S2 | 35.00 | -2.18% | ||
S3 | 34.60 | -3.30% |
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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