AOT Growth and Innovation ETF Forecast
AOT Growth and Innovation ETF price ended at $38.01 on Wednesday, after losing 0.588%.
(Updated on May 22, 2024)
The AOT Growth and Innovation ETF price fell by -0.588% on the last day (Wednesday, 22nd May 2024) from $38.23 to $38.01. During the last trading day the ETF fluctuated 0% from a day low at $38.01 to a day high of $38.01. The price has been going up and down for this period, and there has been a 2.12% gain for the last 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 -55 shares and in total, 4 shares were bought and sold for approximately $152.02 .
The ETF lies the upper part of a wide and falling 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 $38.28 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -3.29% during the next 3 months and, with a 90% probability hold a price between $33.21 and $37.02 at the end of this 3-month period. 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.
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AOTG Signals & Forecast
The AOT Growth and Innovation 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 $38.02. On a fall, the ETF will find some support from the long-term average at approximately $37.02. 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 Monday, May 20, 2024, and so far it has fallen -0.82%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for AOT Growth and Innovation ETF
AOT Growth and Innovation finds support from accumulated volume at $37.02 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.196%.
Our recommended stop-loss: $36.67 (-3.51%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (AOTG) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect AOT Growth and Innovation ETF to open at $38.01, and during the day (based on 14 day Average True Range), to move between $37.64 and $38.37, which gives a possible trading interval of +/-$0.367 (+/-0.97%) up or down from last closing price. If AOT Growth and Innovation ETF takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.55 (1.43%) than the support at $37.02 (2.60%), 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 AOT Growth and Innovation ETF ETF A Buy?
AOT Growth and Innovation 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.
Current score: -0.001 Hold/Accumulate Unchanged
Predicted Opening Price for AOT Growth and Innovation ETF of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $38.01 ( 0%) | $38.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AOTG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.01 | . | |
| R2 | 38.01 | . | ||
| R1 | 38.01 | . | ||
| Current price: | 38.01 | |||
| Support | S1 | 38.01 | . | |
| S2 | 38.01 | . | ||
| S3 | 38.01 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.58 | 1.51 % | |
| R2 | 38.57 | 1.49 % | ||
| R1 | 38.55 | 1.43 % | ||
| Current price | 38.01 | |||
| Support | S1 | 37.02 | -2.60% | |
| S2 | 36.55 | -3.83% | ||
| S3 | 36.12 | -4.96% |
FAQ
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