Allianzim U.s. Large Cap Buffer10 Apr ETF Forecast

Allianzim U.s. Large Cap Buffer10 Apr ETF price down 0.125% on Monday
(Updated on Jun 24, 2024)

APRT Signals & Forecast

The Allianzim U.s. Large Cap Buffer10 Apr 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 $36.08. On a fall, the ETF will find some support from the long-term average at approximately $35.38. 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 -0.428%. Further fall is indicated until a new bottom pivot has been found. Allianzim U.s. Large Cap Buffer10 Apr gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Allianzim U.s. Large Cap Buffer10 Apr ETF

Allianzim U.s. Large Cap Buffer10 Apr finds support from accumulated volume at $35.22 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 $0.140 between high and low, or 0.388%. For the last week the ETF has had daily average volatility of 0.424%.

The Allianzim U.s. Large Cap Buffer10 Apr ETF is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the ETF is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that 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: $35.14 (-2.55%) (This ETF has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 44 days ago.)

Trading Expectations (APRT) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Allianzim U.s. Large Cap Buffer10 Apr Etf to open at $36.11, and during the day (based on 14 day Average True Range), to move between $35.87 and $36.25, which gives a possible trading interval of +/-$0.193 (+/-0.54%) up or down from last closing price. If Allianzim U.s. Large Cap Buffer10 Apr Etf takes out the full calculated possible swing range there will be an estimated 1.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $36.12 (0.16%) than the support at $35.22 (2.33%), 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 Allianzim U.s. Large Cap Buffer10 Apr 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 Allianzim U.s. Large Cap Buffer10 Apr ETF to perform well in the short-term.

Current score: 2.419 Buy Candidate Unchanged

Predicted Opening Price for Allianzim U.s. Large Cap Buffer10 Apr Etf of Tuesday, June 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.