Global X Artificial Intelligence & ETF Forecast
Green day on Tuesday for Global X Artificial Intelligence & ETF after gaining 0.87%
(Updated on Jul 02, 2024)
The Global X Artificial Intelligence & ETF price gained 0.87% on the last trading day (Tuesday, 2nd Jul 2024), rising from $35.79 to $36.10. During the last trading day the ETF fluctuated 1.36% from a day low at $35.62 to a day high of $36.10. The price has risen in 6 of the last 10 days and is up by 0.87% over the past 2 weeks. Volume fell on the last day by -297 thousand shares and in total, 435 thousand shares were bought and sold for approximately $15.70 million. 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 weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 8.87% during the next 3 months and, with a 90% probability hold a price between $36.90 and $40.39 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AIQ Signals & Forecast
Mostly positive signals in the chart today. The Global X Artificial Intelligence & 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 $35.60 and $34.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 14.75%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for Global X Artificial Intelligence & ETF
Global X Artificial Intelligence & finds support from accumulated volume at $34.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.485 (1.36%) between high and low. For the last week, the ETF has had daily average volatility of 1.07%.
Our recommended stop-loss: $35.01 (-3.02%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 77 days ago.)
Trading Expectations (AIQ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Global X Artificial Intelligence & Technology ETF to open at $35.94, and during the day (based on 14 day Average True Range), to move between $35.66 and $36.54, which gives a possible trading interval of +/-$0.435 (+/-1.21%) up or down from last closing price. If Global X Artificial Intelligence & Technology ETF takes out the full calculated possible swing range there will be an estimated 2.41% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $34.46, some $1.64 (4.54%) from the current price of $36.10, our system finds the risk reward attractive.
Is Global X Artificial Intelligence & Technology ETF ETF A Buy?
Global X Artificial Intelligence & holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.558 Strong Buy Candidate Unchanged
Predicted Opening Price for Global X Artificial Intelligence & Technology ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $35.94 ( 0.448%) | $36.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.42 | 0.90% |
| R2 | 36.24 | 0.382% |
| R1 | 36.12 | 0.0654% |
| Price | 36.10 | |
| S1 | 35.75 | -0.96% |
| S2 | 35.64 | -1.28% |
| S3 | 35.45 | -1.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 36.10 | |
| S1 | 34.46 | -4.54% |
| S2 | 33.62 | -6.87% |
| S3 | 33.36 | -7.59% |
AIQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.0193 | 0.0631% |
| 2 | Jun 28, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.0300 | 0.108% |
| 3 | Dec 28, 2022 | Dec 29, 2022 | Jan 09, 2023 | $0.0560 | 0.263% |
| 4 | Jun 28, 2022 | Jun 29, 2022 | Jul 08, 2022 | $0.0560 | 0.258% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 07, 2022 | $0.0130 | 0.0431% |
FAQ
Click here for our free guide on how to buy Global X Artificial Intelligence & Technology ETF ETF.
