Smartshares Australian Resources ETF Stock Forecast
Red day on Thursday for Smartshares Australian Resources ETF stock after losing 0%
(Updated on May 23, 2024)
No changes to the price of Smartshares Australian Resources ETF stock on the last trading day (Thursday, 23rd May 2024). During the last trading day the stock fluctuated 0% from a day low at $6.55 to a day high of $6.55. The price has been going up and down for this period, and there has been a 0.31% gain for the last 2 weeks.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.50% during the next 3 months and, with a 90% probability hold a price between $6.99 and $7.50 at the end of this 3-month period.
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ASR.NZ Signals & Forecast
The Smartshares Australian Resources ETF stock 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 $6.55 and $6.51. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 07, 2024, and so far it has fallen -0.122%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, November 16, 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 Thursday, November 16, 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.
Support, Risk & Stop-loss for Smartshares Australian Resources ETF stock
Smartshares Australian Resources ETF finds support from accumulated volume at $6.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock 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 stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.305%
Our recommended stop-loss: $6.30 (-3.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (ASR.NZ) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Smartshares Australian Resources ETF to open at $6.55, and during the day (based on 14 day Average True Range), to move between $6.48 and $6.62, which gives a possible trading interval of +/-$0.0699 (+/-1.07%) up or down from last closing price. If Smartshares Australian Resources ETF takes out the full calculated possible swing range there will be an estimated 2.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.54 (0.18%) than the resistance at $6.57 (0.27%), 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 Resources ETF stock A Buy?
Smartshares Australian Resources ETF 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Smartshares Australian Resources ETF of Friday, May 24, 2024
Fair opening price May 24, 2024 | Current price |
---|---|
$6.55 ( 0%) | $6.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASR.NZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.55 | . | |
R2 | 6.55 | . | ||
R1 | 6.55 | . | ||
Current price: | 6.55 | |||
Support | S1 | 6.55 | . | |
S2 | 6.55 | . | ||
S3 | 6.55 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.65 | 1.53 % | |
R2 | 6.62 | 1.08 % | ||
R1 | 6.57 | 0.275 % | ||
Current price | 6.55 | |||
Support | S1 | 6.54 | -0.183% | |
S2 | 6.45 | -1.50% | ||
S3 | 6.21 | -5.24% |
ASR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | Jun 20, 2024 | $0.121 | 1.86% |
2 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0.0199 | 0.321% |
3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | $0.214 | 3.40% |
4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | $0.168 | 2.65% |
5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | $0.218 | 3.37% |
FAQ
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