GLOBAL X MSCI ARGENTINA ETF Forecast
GLOBAL X MSCI ARGENTINA ETF price ended at $57.40 on Tuesday, after gaining 1.16%.
(Updated on Jun 25, 2024)
The GLOBAL X MSCI ARGENTINA ETF price gained 1.16% on the last trading day (Tuesday, 25th Jun 2024), rising from $56.74 to $57.40. During the last trading day the ETF fluctuated 1.77% from a day low at $56.60 to a day high of $57.60. The price has been going up and down for this period, and there has been a -1.34% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 59 thousand more shares were traded than the day before. In total, 110 thousand shares were bought and sold for approximately $6.33 million.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $56.89 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 8.95% during the next 3 months and, with a 90% probability hold a price between $61.98 and $72.88 at the end of this 3-month period.
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ARGT Signals & Forecast
There are mixed signals in the ETF today. The GLOBAL X MSCI ARGENTINA ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $57.42 and $60.42. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.22%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for GLOBAL X MSCI ARGENTINA ETF
GLOBAL X MSCI ARGENTINA finds support from accumulated volume at $57.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $1.00 between high and low, or 1.77%. For the last week, the ETF has had daily average volatility of 2.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARGT) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect GLOBAL X MSCI ARGENTINA ETF to open at $57.20, and during the day (based on 14 day Average True Range), to move between $55.80 and $59.00, which gives a possible trading interval of +/-$1.60 (+/-2.79%) up or down from last closing price. If GLOBAL X MSCI ARGENTINA ETF takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $57.26 (0.24%) than the resistance at $58.89 (2.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GLOBAL X MSCI ARGENTINA ETF ETF A Buy?
GLOBAL X MSCI ARGENTINA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.188 Sell Candidate Unchanged
Predicted Opening Price for GLOBAL X MSCI ARGENTINA ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $57.20 ( 0.348%) | $57.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARGT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.20 | 1.39% |
| R2 | 57.82 | 0.728% |
| R1 | 57.58 | 0.317% |
| Price | 57.40 | |
| S1 | 56.82 | -1.01% |
| S2 | 56.58 | -1.43% |
| S3 | 56.20 | -2.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 63.76 | 11.08% |
| R2 | 60.94 | 6.17% |
| R1 | 58.89 | 2.60% |
| Price | 57.40 | |
| S1 | 57.26 | -0.244% |
| S2 | 57.12 | -0.488% |
| S3 | 57.06 | -0.592% |
ARGT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.526 | 1.02% |
| 2 | Jan 13, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.292 | 0.655% |
| 3 | Feb 01, 2022 | Dec 29, 2022 | Jan 09, 2023 | $0.446 | 1.23% |
| 4 | Feb 01, 2022 | Jun 29, 2022 | Jul 08, 2022 | $0.386 | 1.54% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 07, 2022 | $0.267 | 0.92% |
FAQ
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