Argo Group US, Inc. 6.5% SR NTS 42 ETF Forecast
Argo Group US, Inc. 6.5% SR NTS 42 ETF price up 0.478% on Tuesday
(Updated on Jun 18, 2024)
The Argo Group US, Inc. 6.5% SR NTS 42 ETF price gained 0.478% on the last trading day (Tuesday, 18th Jun 2024), rising from $22.24 to $22.35. During the last trading day the ETF fluctuated 1.20% from a day low at $22.18 to a day high of $22.44. The price has fallen in 6 of the last 10 days but is still up by 0.44% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 194 more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $205.58 thousand.
The ETF lies the upper part of a 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 $22.51 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 -3.86% during the next 3 months and, with a 90% probability hold a price between $20.14 and $21.64 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ARGD Signals & Forecast
Mostly positive signals in the chart today. The Argo Group US, Inc. 6.5% SR NTS 42 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 $22.14 and $21.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 4.24%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Argo Group US, Inc. 6.5% SR NTS 42 has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Argo Group US, Inc. 6.5% SR NTS 42 ETF
Argo Group US, Inc. 6.5% SR NTS 42 finds support from accumulated volume at $22.20 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 $0.265 between high and low, or 1.20%. For the last week the ETF has had daily average volatility of 0.87%.
Our recommended stop-loss: $21.50 (-3.82%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 62 days ago.)
Trading Expectations (ARGD) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Argo Group US, Inc. 6.5% SR NTS 42 to open at $22.32, and during the day (based on 14 day Average True Range), to move between $22.09 and $22.61, which gives a possible trading interval of +/-$0.257 (+/-1.15%) up or down from last closing price. If Argo Group US, Inc. 6.5% SR NTS 42 takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.39 (0.18%) than the support at $22.20 (0.67%), 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 Argo Group US, Inc. 6.5% SR NTS 42 ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
Current score: 1.958 Buy Candidate Unchanged
Predicted Opening Price for Argo Group US, Inc. 6.5% SR NTS 42 of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $22.32 ( 0.127%) | $22.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARGD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.59 | 1.06% |
| R2 | 22.49 | 0.606% |
| R1 | 22.42 | 0.326% |
| Price | 22.35 | |
| S1 | 22.22 | -0.580% |
| S2 | 22.16 | -0.86% |
| S3 | 22.06 | -1.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.40 | 4.70% |
| R2 | 22.55 | 0.89% |
| R1 | 22.39 | 0.179% |
| Price | 22.35 | |
| S1 | 22.20 | -0.671% |
| S2 | 22.15 | -0.89% |
| S3 | 22.10 | -1.12% |
ARGD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.406 | 1.83% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.406 | 1.77% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.406 | 1.74% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.406 | 1.79% |
| 5 | May 31, 2023 | May 31, 2023 | Jun 15, 2023 | $0.406 | 1.85% |
FAQ
Click here for our free guide on how to buy Argo Group US, Inc. 6.5% SR NTS 42 ETF.
