Global X Clean Water ETF Forecast
Evaluation of Global X Clean Water ETF downgraded after the last trading session.
(Updated on May 29, 2024)
The Global X Clean Water ETF price fell by -1.04% on the last day (Wednesday, 29th May 2024) from $17.38 to $17.20. During the last trading day the ETF fluctuated 0.87% from a day low at $17.15 to a day high of $17.30. The price has fallen in 6 of the last 10 days and is down by -4.97% for this period. Volume has increased on the last day by 23 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 25 thousand shares were bought and sold for approximately $426.37 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.06 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 5.61% during the next 3 months and, with a 90% probability hold a price between $18.02 and $19.54 at the end of this 3-month period.
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AQWA Signals & Forecast
There are few to no technical positive signals at the moment. The Global X Clean Water ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $17.79 and $17.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -6.32%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Global X Clean Water 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 Global X Clean Water ETF
Global X Clean Water finds support from accumulated volume at $17.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.150 (0.87%) between high and low. For the last week, the ETF has had daily average volatility of 1.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AQWA) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Global X Clean Water ETF to open at $17.22, and during the day (based on 14 day Average True Range), to move between $17.00 and $17.40, which gives a possible trading interval of +/-$0.196 (+/-1.14%) up or down from last closing price. If Global X Clean Water ETF takes out the full calculated possible swing range there will be an estimated 2.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.33 (0.76%) than the support at $17.04 (0.93%), 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 Global X Clean Water ETF ETF A Buy?
The Global X Clean Water ETF holds several negative signals and despite the positive trend, we believe Global X Clean Water will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.268 Sell Candidate Downgraded
Predicted Opening Price for Global X Clean Water ETF of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| $17.22 ( 0.0969%) | $17.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AQWA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.37 | 0.97 % | |
| R2 | 17.31 | 0.636 % | ||
| R1 | 17.27 | 0.430 % | ||
| Current price: | 17.20 | |||
| Support | S1 | 17.16 | -0.236 % | |
| S2 | 17.12 | -0.442 % | ||
| S3 | 17.07 | -0.775 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.21 | 5.87 % | |
| R2 | 18.09 | 5.18 % | ||
| R1 | 17.33 | 0.756 % | ||
| Current price | 17.20 | |||
| Support | S1 | 17.04 | -0.93% | |
| S2 | 16.92 | -1.63% | ||
| S3 | 16.92 | -1.63% |
AQWA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.143 | 0.90% |
| 2 | Jun 28, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.107 | 0.702% |
| 3 | Dec 28, 2022 | Dec 29, 2022 | Jan 09, 2023 | $0.137 | 0.96% |
| 4 | Jun 28, 2022 | Jun 29, 2022 | Jul 08, 2022 | $0.0790 | 0.593% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 07, 2022 | $0.169 | 1.00% |
FAQ
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