QRAFT AI-Enhanced U.S. Large Cap ETF Forecast
QRAFT AI-Enhanced U.S. Large Cap ETF upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The QRAFT AI-Enhanced U.S. Large Cap ETF price gained 1.07% on the last trading day (Tuesday, 2nd Jul 2024), rising from $41.39 to $41.83. During the last trading day the ETF fluctuated 0.94% from a day low at $41.44 to a day high of $41.83. The price has risen in 6 of the last 10 days and is up by 0.15% over the past 2 weeks. Volume fell on the last day by -34 thousand shares and in total, 6 thousand shares were bought and sold for approximately $271.82 thousand. 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 strong 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 13.28% during the next 3 months and, with a 90% probability hold a price between $44.56 and $48.47 at the end of this 3-month period.
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AMOM Signals & Forecast
The QRAFT AI-Enhanced U.S. Large Cap 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 $41.29 and $39.94. 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 Tuesday, June 18, 2024, and so far it has fallen -0.545%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for QRAFT AI-Enhanced U.S. Large Cap ETF
QRAFT AI-Enhanced U.S. Large Cap finds support from accumulated volume at $41.39 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 controlled movements and therefore the general risk is considered 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 $0.389 between high and low, or 0.94%. For the last week the ETF has had daily average volatility of 1.05%.
Our recommended stop-loss: $40.40 (-3.42%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (AMOM) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect QRAFT AI-Enhanced U.S. Large Cap Momentum ETF to open at $41.70, and during the day (based on 14 day Average True Range), to move between $41.34 and $42.32, which gives a possible trading interval of +/-$0.493 (+/-1.18%) up or down from last closing price. If QRAFT AI-Enhanced U.S. Large Cap Momentum ETF takes out the full calculated possible swing range there will be an estimated 2.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.06 (0.55%) than the support at $41.39 (1.06%), 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 QRAFT AI-Enhanced U.S. Large Cap Momentum ETF ETF A Buy?
QRAFT AI-Enhanced U.S. Large Cap holds several positive signals and is within a strong 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.075 Strong Buy Candidate Upgraded
Predicted Opening Price for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$41.70 ( 0.310%) | $41.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMOM
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 42.09 | 0.620% |
R2 | 41.94 | 0.265% |
R1 | 41.85 | 0.0453% |
Price | 41.83 | |
S1 | 41.55 | -0.666% |
S2 | 41.46 | -0.89% |
S3 | 41.31 | -1.24% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 42.06 | 0.548% |
Price | 41.83 | |
S1 | 41.39 | -1.06% |
S2 | 37.97 | -9.23% |
S3 | 35.37 | -15.45% |
AMOM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 26, 2023 | Dec 26, 2023 | Dec 26, 2023 | $0.0700 | 0.210% |
2 | Sep 25, 2023 | Sep 26, 2023 | Sep 29, 2023 | $0.0210 | 0.0712% |
3 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.0240 | 0.0768% |
4 | Mar 24, 2023 | Mar 27, 2023 | Mar 30, 2023 | $0.0420 | 0.150% |
5 | Dec 23, 2022 | Dec 27, 2022 | Dec 30, 2022 | $0.0690 | 0.262% |
FAQ
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