QRAFT AI-Enhanced U.S. Large Cap ETF Forecast
QRAFT AI-Enhanced U.S. Large Cap ETF price down 0.289% on Friday
(Updated on Jun 21, 2024)
The QRAFT AI-Enhanced U.S. Large Cap ETF price fell by -0.289% on the last day (Friday, 21st Jun 2024) from $41.50 to $41.38. During the last trading day the ETF fluctuated 0.80% from a day low at $41.05 to a day high of $41.38. The price has risen in 8 of the last 10 days and is up by 4.57% over the past 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 -3 thousand shares and in total, 5 thousand shares were bought and sold for approximately $202.39 thousand.
The ETF lies in the upper part of a wide and weak rising 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 $42.16 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 8.13% during the next 3 months and, with a 90% probability hold a price between $40.57 and $45.59 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 $41.37 and $39.17. 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 -1.62%. 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 QRAFT AI-Enhanced U.S. Large Cap ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $38.65 and $38.64. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, QRAFT AI-Enhanced U.S. Large Cap finds support just below today's level at $38.65. If this is broken, then the next support from accumulated volume will be at $38.64 and $37.97.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.330 between high and low, or 0.80%. For the last week the ETF has had daily average volatility of 1.14%.
The QRAFT AI-Enhanced U.S. Large Cap 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. 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: $39.72 (-4.01%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (AMOM) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect QRAFT AI-Enhanced U.S. Large Cap Momentum ETF to open at $41.27, and during the day (based on 14 day Average True Range), to move between $40.87 and $41.89, which gives a possible trading interval of +/-$0.509 (+/-1.23%) 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 2.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.50 (0.29%) than the support at $38.65 (6.59%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for QRAFT AI-Enhanced U.S. Large Cap ETF to perform well in the short-term.
Current score: 3.453 Buy Candidate Unchanged
Predicted Opening Price for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $41.27 ( 0.266%) | $41.38 |
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 | 41.60 | 0.532% |
| R2 | 41.47 | 0.227% |
| R1 | 41.40 | 0.0388% |
| Price | 41.38 | |
| S1 | 41.14 | -0.570% |
| S2 | 41.07 | -0.759% |
| S3 | 40.94 | -1.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.06 | 1.64% |
| R2 | 41.77 | 0.93% |
| R1 | 41.50 | 0.290% |
| Price | 41.38 | |
| S1 | 38.65 | -6.59% |
| S2 | 38.64 | -6.62% |
| S3 | 37.97 | -8.24% |
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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