Avantis Core Fixed Income Etf ETF Forecast
Green day on Tuesday for Avantis Core Fixed Income Etf ETF after gaining 0.0243%
(Updated on Jun 25, 2024)
The Avantis Core Fixed Income Etf ETF price gained 0.0243% on the last trading day (Tuesday, 25th Jun 2024), rising from $41.09 to $41.10. During the last trading day the ETF fluctuated 0.158% from a day low at $41.04 to a day high of $41.11. The price has risen in 6 of the last 10 days and is up by 1.23% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 45 thousand shares were bought and sold for approximately $1.87 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Core Fixed Income Etf ETF with a 90% probability to be traded between $41.59 and $41.97 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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AVIG Signals & Forecast
The Avantis Core Fixed Income Etf ETF 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 $41.08 and $40.83. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. 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, June 18, 2024, and so far it has fallen -0.122%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Avantis Core Fixed Income Etf ETF
Avantis Core Fixed Income Etf finds support from accumulated volume at $40.99 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 $0.0650 between high and low, or 0.158%. For the last week the ETF has had daily average volatility of 0.202%.
Our recommended stop-loss: $39.72 (-3.36%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (AVIG) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Avantis Core Fixed Income Etf to open at $41.08, and during the day (based on 14 day Average True Range), to move between $40.94 and $41.26, which gives a possible trading interval of +/-$0.159 (+/-0.39%) up or down from last closing price. If Avantis Core Fixed Income Etf takes out the full calculated possible swing range there will be an estimated 0.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.12 (0.05%) than the support at $40.99 (0.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Avantis Core Fixed Income Etf ETF A Buy?
Avantis Core Fixed Income 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: 0.222 Hold/Accumulate Unchanged
Predicted Opening Price for Avantis Core Fixed Income Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $41.08 ( 0.0446%) | $41.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVIG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.15 | 0.114% |
| R2 | 41.12 | 0.0531% |
| R1 | 41.11 | 0.0158% |
| Price | 41.10 | |
| S1 | 41.06 | -0.105% |
| S2 | 41.04 | -0.142% |
| S3 | 41.02 | -0.203% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.15 | 0.122% |
| R2 | 41.13 | 0.0608% |
| R1 | 41.12 | 0.0487% |
| Price | 41.10 | |
| S1 | 40.99 | -0.268% |
| S2 | 40.60 | -1.22% |
| S3 | 40.32 | -1.90% |
AVIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 04, 2024 | $0.170 | 0.421% |
| 2 | Jan 11, 2024 | Apr 01, 2024 | Apr 03, 2024 | $0.143 | 0.350% |
| 3 | Jan 11, 2024 | Mar 01, 2024 | Mar 05, 2024 | $0.154 | 0.374% |
| 4 | Jan 11, 2024 | Feb 01, 2024 | Feb 05, 2024 | $0.151 | 0.367% |
| 5 | Dec 15, 2023 | Dec 18, 2023 | Dec 21, 2023 | $0.165 | 0.395% |
FAQ
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