QRAFT AI-Enhanced U.S. Large Cap ETF Forecast
QRAFT AI-Enhanced U.S. Large Cap ETF downgraded to Hold/Accumulate
(Updated on Jun 27, 2024)
The QRAFT AI-Enhanced U.S. Large Cap ETF price gained 0.121% on the last trading day (Thursday, 27th Jun 2024), rising from $41.30 to $41.35. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.632% from a day low at $41.11 to a day high of $41.37. The price has risen in 7 of the last 10 days and is up by 1.65% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 1 thousand shares were bought and sold for approximately $51.60 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 wide and 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 11.17% during the next 3 months and, with a 90% probability hold a price between $42.84 and $47.22 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.
AMOM Signals & Forecast
The QRAFT AI-Enhanced U.S. Large Cap ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $41.38. On a fall, the ETF will find some support from the long-term average at approximately $39.61. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 -1.69%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
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 $0.260 between high and low, or 0.632%. For the last week the ETF has had daily average volatility of 0.743%.
Our recommended stop-loss: $39.71 (-3.96%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (AMOM) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect QRAFT AI-Enhanced U.S. Large Cap Momentum ETF to open at $41.28, and during the day (based on 14 day Average True Range), to move between $40.88 and $41.82, which gives a possible trading interval of +/-$0.474 (+/-1.15%) 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 2.29% 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 (0.36%) than the support at $38.65 (6.52%), 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, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.107 Hold/Accumulate Downgraded
Predicted Opening Price for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$41.28 ( 0.177%) | $41.35 |
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 | 41.54 | 0.451% |
R2 | 41.44 | 0.211% |
R1 | 41.38 | 0.0628% |
Price | 41.35 | |
S1 | 41.18 | -0.417% |
S2 | 41.12 | -0.566% |
S3 | 41.02 | -0.81% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 42.06 | 1.72% |
R2 | 41.77 | 1.01% |
R1 | 41.50 | 0.363% |
Price | 41.35 | |
S1 | 38.65 | -6.52% |
S2 | 38.64 | -6.55% |
S3 | 37.97 | -8.17% |
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
Click here for our free guide on how to buy QRAFT AI-Enhanced U.S. Large Cap Momentum ETF ETF.