Avantis All Equity Markets Etf ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Avantis All Equity Markets Etf ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Avantis All Equity Markets Etf ETF price gained 0.144% on the last trading day (Friday, 28th Jun 2024), rising from $69.22 to $69.32. During the last trading day the ETF fluctuated 0.84% from a day low at $69.13 to a day high of $69.71. The price has been going up and down for this period, and there has been a -0.32% 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, 8 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately $2.49 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Avantis All Equity Markets Etf ETF with a 90% probability to be traded between $68.95 and $69.98 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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AVGE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.246%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Avantis All Equity Markets Etf 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 $69.60 and $69.62. 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).
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -0.450% to $69.01 within 7 trading days since signal was issued (Wednesday, July 03, 2024).
Support, Risk & Stop-loss for Avantis All Equity Markets Etf ETF
Avantis All Equity Markets Etf finds support from accumulated volume at $69.22 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 $0.583 between high and low, or 0.84%. For the last week the ETF has had daily average volatility of 0.548%.
Our recommended stop-loss: $65.20 (-5.94%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (AVGE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Avantis All Equity Markets Etf to open at $69.39, and during the day (based on 14 day Average True Range), to move between $68.71 and $69.93, which gives a possible trading interval of +/-$0.612 (+/-0.88%) up or down from last closing price. If Avantis All Equity Markets Etf takes out the full calculated possible swing range there will be an estimated 1.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $69.22 (0.14%) than the resistance at $69.42 (0.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Avantis All Equity Markets Etf ETF A Buy?
Avantis All Equity Markets Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.271 Hold/Accumulate Downgraded
Predicted Opening Price for Avantis All Equity Markets Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $69.39 ( 0.0946%) | $69.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVGE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 69.97 | 0.94% |
| R2 | 69.75 | 0.615% |
| R1 | 69.61 | 0.416% |
| Price | 69.32 | |
| S1 | 69.16 | -0.227% |
| S2 | 69.03 | -0.425% |
| S3 | 68.80 | -0.747% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 69.83 | 0.736% |
| R2 | 69.54 | 0.317% |
| R1 | 69.42 | 0.144% |
| Price | 69.32 | |
| S1 | 69.22 | -0.144% |
| S2 | 69.16 | -0.231% |
| S3 | 69.15 | -0.245% |
AVGE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 10, 2023 | Dec 20, 2023 | Dec 26, 2023 | $0.679 | 1.05% |
| 2 | Feb 10, 2023 | Jun 22, 2023 | Jun 27, 2023 | $0.573 | 0.97% |
| 3 | Dec 16, 2022 | Dec 19, 2022 | Dec 22, 2022 | $0.412 | 0.747% |
FAQ
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