Argo Group US, Inc. 6.5% SR NTS 42 ETF Forecast
Red day on Friday for Argo Group US, Inc. 6.5% SR NTS 42 ETF after losing 1.22%
(Updated on Jun 21, 2024)
The Argo Group US, Inc. 6.5% SR NTS 42 ETF price fell by -1.22% on the last day (Friday, 21st Jun 2024) from $22.40 to $22.13. During the last trading day the ETF fluctuated 0% from a day low at $22.13 to a day high of $22.13. The price has fallen in 6 of the last 10 days and is down by -0.33% for this period. 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 -2 thousand shares and in total, 758 shares were bought and sold for approximately $16.77 thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.63% during the next 3 months and, with a 90% probability hold a price between $20.54 and $21.80 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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ARGD Signals & Forecast
The Argo Group US, Inc. 6.5% SR NTS 42 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 $22.20. On a fall, the ETF will find some support from the long-term average at approximately $22.02. 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 Thursday, June 20, 2024, and so far it has fallen -1.22%. 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 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 $22.10 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 therefore the general risk is considered very 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 0.641%
Our recommended stop-loss: $21.22 (-4.11%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (ARGD) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Argo Group US, Inc. 6.5% SR NTS 42 to open at $22.13, and during the day (based on 14 day Average True Range), to move between $21.88 and $22.37, which gives a possible trading interval of +/-$0.245 (+/-1.11%) 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 2.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.15 (0.11%) than the support at $22.10 (0.12%), 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?
Argo Group US, Inc. 6.5% SR NTS 42 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: -0.101 Hold/Accumulate Unchanged
Predicted Opening Price for Argo Group US, Inc. 6.5% SR NTS 42 of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$22.13 ( 0.00000000%) | $22.13 |
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 | 22.13 | 0.00000000% |
R2 | 22.13 | 0.00000000% |
R1 | 22.13 | 0.00000000% |
Price | 22.13 | |
S1 | 22.13 | 0.00000000% |
S2 | 22.13 | 0.00000000% |
S3 | 22.13 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.39 | 1.19% |
R2 | 22.20 | 0.334% |
R1 | 22.15 | 0.108% |
Price | 22.13 | |
S1 | 22.10 | -0.118% |
S2 | 22.08 | -0.208% |
S3 | 21.93 | -0.89% |
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
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