Avantis Core Fixed Income Etf ETF Forecast
Evaluation of Avantis Core Fixed Income Etf ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Avantis Core Fixed Income Etf ETF price fell by -0.464% on the last day (Friday, 28th Jun 2024) from $40.97 to $40.78. During the last trading day the ETF fluctuated 0.662% from a day low at $40.78 to a day high of $41.05. The price has fallen in 6 of the last 10 days and is down by -0.84% for this period. Volume has increased on the last day by 62 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, 121 thousand shares were bought and sold for approximately $4.95 million.
Given the current horizontal trend, you can expect Avantis Core Fixed Income Etf ETF with a 90% probability to be traded between $41.34 and $41.88 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
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 Avantis Core Fixed Income Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $40.99 and $40.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.90%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Avantis Core Fixed Income Etf ETF
Avantis Core Fixed Income Etf finds support from accumulated volume at $40.60 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 $0.270 between high and low, or 0.662%. For the last week the ETF has had daily average volatility of 0.237%.
Our recommended stop-loss: $39.54 (-3.05%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (AVIG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Avantis Core Fixed Income Etf to open at $40.87, and during the day (based on 14 day Average True Range), to move between $40.61 and $40.95, which gives a possible trading interval of +/-$0.167 (+/-0.41%) 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 0.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.88 (0.25%) than the support at $40.60 (0.44%), 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 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 Sell candidate.
Current score: -1.000 Sell Candidate Downgraded
Predicted Opening Price for Avantis Core Fixed Income Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $40.87 ( 0.221%) | $40.78 |
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 | 41.14 | 0.88% |
| R2 | 41.04 | 0.630% |
| R1 | 40.97 | 0.474% |
| Price | 40.78 | |
| S1 | 40.77 | -0.0322% |
| S2 | 40.70 | -0.188% |
| S3 | 40.60 | -0.441% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.99 | 0.527% |
| R2 | 40.99 | 0.515% |
| R1 | 40.88 | 0.245% |
| Price | 40.78 | |
| S1 | 40.60 | -0.442% |
| S2 | 40.49 | -0.711% |
| S3 | 40.32 | -1.13% |
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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