GLOBAL X FTSE SOUTHEAST ASIA ETF Forecast
Red day on Friday for GLOBAL X FTSE SOUTHEAST ASIA
(Updated on Jun 28, 2024)
The GLOBAL X FTSE SOUTHEAST ASIA ETF price fell by -0.138% on the last day (Friday, 28th Jun 2024) from $14.54 to $14.52. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.83% from a day low at $14.50 to a day high of $14.62. The price has fallen in 7 of the last 10 days and is down by -1.29% for this period. Volume has increased on the last day by 5 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, 14 thousand shares were bought and sold for approximately $208.77 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect GLOBAL X FTSE SOUTHEAST ASIA ETF with a 90% probability to be traded between $14.17 and $15.15 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ASEA Signals & Forecast
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. The GLOBAL X FTSE SOUTHEAST ASIA 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 $14.62 and $14.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -5.35%. Further fall is indicated until a new bottom pivot has been found. GLOBAL X FTSE SOUTHEAST ASIA 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 FTSE SOUTHEAST ASIA ETF
GLOBAL X FTSE SOUTHEAST ASIA finds support from accumulated volume at $14.50 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 $0.121 between high and low, or 0.83%. For the last week the ETF has had daily average volatility of 0.491%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASEA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect GLOBAL X FTSE SOUTHEAST ASIA ETF to open at $14.55, and during the day (based on 14 day Average True Range), to move between $14.39 and $14.65, which gives a possible trading interval of +/-$0.131 (+/-0.90%) up or down from last closing price. If GLOBAL X FTSE SOUTHEAST ASIA ETF takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.50 (0.14%) than the resistance at $14.96 (3.03%), 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 FTSE SOUTHEAST ASIA ETF ETF A Buy?
GLOBAL X FTSE SOUTHEAST ASIA 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 ETF.
Current score: -2.999 Sell Candidate Unchanged
Predicted Opening Price for GLOBAL X FTSE SOUTHEAST ASIA ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $14.55 ( 0.185%) | $14.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASEA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.67 | 1.02% |
| R2 | 14.62 | 0.699% |
| R1 | 14.59 | 0.503% |
| Price | 14.52 | |
| S1 | 14.50 | -0.132% |
| S2 | 14.47 | -0.328% |
| S3 | 14.43 | -0.646% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.34 | 5.65% |
| R2 | 15.01 | 3.37% |
| R1 | 14.96 | 3.03% |
| Price | 14.52 | |
| S1 | 14.50 | -0.138% |
| S2 | 14.49 | -0.207% |
| S3 | 14.41 | -0.758% |
ASEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.285 | 1.89% |
| 2 | Jan 13, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.282 | 1.94% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.156 | 1.04% |
| 4 | Feb 01, 2022 | Jun 29, 2022 | Jul 08, 2022 | $0.177 | 1.31% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 07, 2022 | $0.437 | 2.98% |
FAQ
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