Avantis U.s. Small Cap Equity Etf ETF Forecast
Avantis U.s. Small Cap Equity Etf ETF price ended at $49.09 on Tuesday, after losing 1.06%.
(Updated on Jun 25, 2024)
The Avantis U.s. Small Cap Equity Etf ETF price fell by -1.06% on the last day (Tuesday, 25th Jun 2024) from $49.62 to $49.09. During the last trading day the ETF fluctuated 0.674% from a day low at $49.06 to a day high of $49.39. The price has been going up and down for this period, and there has been a -1.97% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -2 thousand shares and in total, 41 thousand shares were bought and sold for approximately $2.04 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Avantis U.s. Small Cap Equity Etf ETF with a 90% probability to be traded between $47.70 and $52.08 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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AVSC Signals & Forecast
There are few to no technical positive signals at the moment. The Avantis U.s. Small Cap Equity 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 $49.39 and $50.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -6.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Avantis U.s. Small Cap Equity Etf ETF
Avantis U.s. Small Cap Equity Etf finds support from accumulated volume at $48.79 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 $0.331 between high and low, or 0.674%. For the last week the ETF has had daily average volatility of 0.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AVSC) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Avantis U.s. Small Cap Equity Etf to open at $49.18, and during the day (based on 14 day Average True Range), to move between $48.42 and $49.76, which gives a possible trading interval of +/-$0.671 (+/-1.37%) up or down from last closing price. If Avantis U.s. Small Cap Equity Etf takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.37 (0.57%) than the support at $48.79 (0.62%), 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 U.s. Small Cap Equity Etf ETF A Buy?
Avantis U.s. Small Cap Equity Etf holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.774 Sell Candidate Unchanged
Predicted Opening Price for Avantis U.s. Small Cap Equity Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $49.18 ( 0.179%) | $49.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVSC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 49.51 | 0.85% |
| R2 | 49.38 | 0.596% |
| R1 | 49.31 | 0.437% |
| Price | 49.09 | |
| S1 | 49.05 | -0.0780% |
| S2 | 48.98 | -0.237% |
| S3 | 48.85 | -0.494% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.75 | 3.38% |
| R2 | 50.08 | 2.01% |
| R1 | 49.37 | 0.565% |
| Price | 49.09 | |
| S1 | 48.79 | -0.616% |
| S2 | 48.28 | -1.65% |
| S3 | 47.91 | -2.41% |
AVSC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 12, 2024 | Mar 21, 2024 | Mar 25, 2024 | $0.131 | 0.257% |
| 2 | Feb 10, 2023 | Dec 18, 2023 | Dec 21, 2023 | $0.161 | 0.317% |
| 3 | Feb 10, 2023 | Sep 20, 2023 | Sep 26, 2023 | $0.132 | 0.303% |
| 4 | Feb 10, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.132 | 0.299% |
| 5 | Feb 10, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.132 | 0.306% |
FAQ
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