Smartshares Australian Dividend ETF Stock Forecast
Smartshares Australian Dividend ETF stock downgraded to Sell Candidate
(Updated on Jun 14, 2024)
The Smartshares Australian Dividend ETF stock price fell by -0.683% on the last day (Friday, 14th Jun 2024) from $1.76 to $1.75. During the last trading day the stock fluctuated 1.15% from a day low at $1.74 to a day high of $1.76. The price has fallen in 5 of the last 10 days but is still up by 0.06% over the past 2 weeks. Volume has increased on the last day by 133 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, 138 thousand shares were bought and sold for approximately $241.21 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1.74 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Smartshares Australian Dividend ETF stock with a 90% probability to be traded between $1.71 and $1.82 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ASD.NZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.0573%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Smartshares Australian Dividend ETF stock 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 $1.76 and $1.81. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Smartshares Australian Dividend ETF 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". The stock had a Golden Star Signal on Wednesday, December 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, December 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Monday, May 20, 2024 with a target of $1.78. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Smartshares Australian Dividend ETF stock
Smartshares Australian Dividend ETF finds support from accumulated volume at $1.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0200 (1.15%) between high and low. For the last week, the stock has had daily average volatility of 1.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASD.NZ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Smartshares Australian Dividend ETF to open at $1.75, and during the day (based on 14 day Average True Range), to move between $1.72 and $1.77, which gives a possible trading interval of +/-$0.0235 (+/-1.35%) up or down from last closing price. If Smartshares Australian Dividend ETF takes out the full calculated possible swing range there will be an estimated 2.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.75 (0.06%) than the resistance at $1.80 (3.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Smartshares Australian Dividend ETF stock A Buy?
Smartshares Australian Dividend ETF holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.410 Sell Candidate Downgraded
Predicted Opening Price for Smartshares Australian Dividend ETF of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $1.75 ( 0.0382%) | $1.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASD.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.77 | 1.11% |
| R2 | 1.76 | 0.670% |
| R1 | 1.75 | 0.399% |
| Price | 1.75 | |
| S1 | 1.74 | -0.476% |
| S2 | 1.73 | -0.746% |
| S3 | 1.73 | -1.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.83 | 4.70% |
| R2 | 1.81 | 3.84% |
| R1 | 1.80 | 3.21% |
| Price | 1.75 | |
| S1 | 1.75 | -0.0573% |
| S2 | 1.74 | -0.115% |
| S3 | 0 | - |
ASD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 20, 2024 | $0.0365 | 2.09% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0.0435 | 2.68% |
| 3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | $0.0385 | 2.38% |
| 4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | $0.0401 | 2.46% |
| 5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | $0.0504 | 3.04% |
FAQ
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