GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF Forecast
Red day on Wednesday for GLOBAL X SUPERDIVIDEND ALTERNATIVES
(Updated on May 29, 2024)
The GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF price fell by -0.795% on the last day (Wednesday, 29th May 2024) from $11.32 to $11.23. During the last trading day the ETF fluctuated 0.90% from a day low at $11.20 to a day high of $11.31. The price has fallen in 6 of the last 10 days and is down by -1.37% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately $71.56 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF with a 90% probability to be traded between $10.84 and $11.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ALTY Signals & Forecast
There are few to no technical positive signals at the moment. The GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $11.34 and $11.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -1.92%. 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). GLOBAL X SUPERDIVIDEND ALTERNATIVES gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF
GLOBAL X SUPERDIVIDEND ALTERNATIVES finds support from accumulated volume at $11.18 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 $0.101 between high and low, or 0.90%. For the last week the ETF has had daily average volatility of 0.745%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALTY) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF to open at $11.25, and during the day (based on 14 day Average True Range), to move between $11.13 and $11.33, which gives a possible trading interval of +/-$0.0966 (+/-0.86%) up or down from last closing price. If GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF takes out the full calculated possible swing range there will be an estimated 1.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.28 (0.45%) than the support at $11.18 (0.45%), 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 GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF ETF A Buy?
GLOBAL X SUPERDIVIDEND ALTERNATIVES holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -4.853 Sell Candidate Unchanged
Predicted Opening Price for GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| $11.25 ( 0.147%) | $11.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALTY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.35 | 1.04 % | |
| R2 | 11.31 | 0.700 % | ||
| R1 | 11.28 | 0.489 % | ||
| Current price: | 11.23 | |||
| Support | S1 | 11.21 | -0.195 % | |
| S2 | 11.18 | -0.406 % | ||
| S3 | 11.15 | -0.748 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.45 | 1.91 % | |
| R2 | 11.40 | 1.51 % | ||
| R1 | 11.28 | 0.445 % | ||
| Current price | 11.23 | |||
| Support | S1 | 11.18 | -0.445% | |
| S2 | 11.05 | -1.60% | ||
| S3 | 11.03 | -1.74% |
ALTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 03, 2024 | May 13, 2024 | $0.0672 | 0.592% |
| 2 | Apr 02, 2024 | Apr 03, 2024 | Apr 11, 2024 | $0.0672 | 0.595% |
| 3 | Mar 04, 2024 | Mar 05, 2024 | Mar 13, 2024 | $0.0672 | 0.588% |
| 4 | Feb 02, 2024 | Feb 05, 2024 | Feb 13, 2024 | $0.0672 | 0.605% |
| 5 | Dec 27, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.0874 | 0.771% |
FAQ
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