American Century Etf Trust Avan ETF Forecast
American Century Etf Trust Avan ETF upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Jun 24, 2024)
The American Century Etf Trust Avan ETF price gained 0.532% on the last trading day (Monday, 24th Jun 2024), rising from $56.90 to $57.21. During the last trading day the ETF fluctuated 0.0582% from a day low at $57.21 to a day high of $57.24. The price has been going up and down for this period, and there has been a 0.97% gain for the last 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 517 shares were bought and sold for approximately $29.58 thousand. 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 ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $57.29 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect American Century Etf Trust Avan ETF with a 90% probability to be traded between $57.13 and $57.77 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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AVMA Signals & Forecast
The American Century Etf Trust Avan 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 $56.94 and $56.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.71%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for American Century Etf Trust Avan ETF
American Century Etf Trust Avan finds support from accumulated volume at $57.00 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 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 ETF During the last day, the ETF moved $0.0333 between high and low, or 0.0582%. For the last week the ETF has had daily average volatility of 0.234%
Our recommended stop-loss: $54.19 (-5.27%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (AVMA) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect American Century Etf Trust Avan to open at $57.22, and during the day (based on 14 day Average True Range), to move between $56.93 and $57.48, which gives a possible trading interval of +/-$0.273 (+/-0.48%) up or down from last closing price. If American Century Etf Trust Avan takes out the full calculated possible swing range there will be an estimated 0.96% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $57.00, some $0.207 (0.36%) from the current price of $57.21, our system finds the risk reward attractive.
Is American Century Etf Trust Avan ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for American Century Etf Trust Avan ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.438 Buy Candidate Upgraded
Predicted Opening Price for American Century Etf Trust Avan of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $57.22 ( 0.0194%) | $57.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVMA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 57.25 | 0.0776% |
| R2 | 57.24 | 0.0554% |
| R1 | 57.23 | 0.0416% |
| Price | 57.21 | |
| S1 | 57.21 | -0.0028% |
| S2 | 57.20 | -0.0166% |
| S3 | 57.18 | -0.0388% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 57.21 | |
| S1 | 57.00 | -0.361% |
| S2 | 56.63 | -1.02% |
| S3 | 56.59 | -1.08% |
AVMA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2023 | Dec 20, 2023 | Dec 26, 2023 | $0.600 | 1.11% |
FAQ
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