GLOBAL X SUPERDIVIDEND ALTERNATIVES 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
GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF upgraded to Buy Candidate.
(Updated on May 17, 2024)
The GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF price gained 0.263% on the last trading day (Friday, 17th May 2024), rising from $11.42 to $11.45. It has now gained 7 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 1.49% from a day low at $11.39 to a day high of $11.56. The price has risen in 9 of the last 10 days and is up by 1.51% 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, 6 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $115.92 thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $11.49 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF with a 90% probability to be traded between $10.92 and $11.40 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. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ALTY Signals & Forecast
Mostly positive signals in the chart today. The GLOBAL X SUPERDIVIDEND ALTERNATIVES 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 $11.39 and $11.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.77%. 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). GLOBAL X SUPERDIVIDEND ALTERNATIVES 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.
Support, Risk & Stop-loss for GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF
GLOBAL X SUPERDIVIDEND ALTERNATIVES finds support from accumulated volume at $11.45 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 $0.170 between high and low, or 1.49%. For the last week the ETF has had daily average volatility of 0.81%.
Since the GLOBAL X SUPERDIVIDEND ALTERNATIVES has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $10.83 (-5.41%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (ALTY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF to open at $11.47, and during the day (based on 14 day Average True Range), to move between $11.35 and $11.55, which gives a possible trading interval of +/-$0.102 (+/-0.89%) 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 1.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.45 (0.04%) than the resistance at $11.47 (0.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.470 Buy Candidate Upgraded
Predicted Opening Price for GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $11.47 ( 0.146%) | $11.45 |
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 | 11.64 | 1.63 % | |
| R2 | 11.57 | 1.06 % | ||
| R1 | 11.53 | 0.713 % | ||
| Current price: | 11.45 | |||
| Support | S1 | 11.40 | -0.422 % | |
| S2 | 11.36 | -0.772 % | ||
| S3 | 11.30 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.54 | 0.742 % | |
| R2 | 11.53 | 0.699 % | ||
| R1 | 11.47 | 0.180 % | ||
| Current price | 11.45 | |||
| Support | S1 | 11.45 | -0.0437% | |
| S2 | 11.29 | -1.40% | ||
| S3 | 11.28 | -1.48% |
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
Click here for our free guide on how to buy GLOBAL X SUPERDIVIDEND ALTERNATIVES ETF ETF.
