Avantis Responsible International Equity ETF Forecast
Stronger technical forecast for Avantis Responsible International Equity ETF price after Tuesday trading.
(Updated on Jun 25, 2024)
The Avantis Responsible International Equity ETF price gained 0.0312% on the last trading day (Tuesday, 25th Jun 2024), rising from $55.83 to $55.85. During the last trading day the ETF fluctuated 0.422% from a day low at $55.70 to a day high of $55.94. The price has fallen in 6 of the last 10 days and is down by -2.64% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $441.53 thousand.
The ETF lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $55.75 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.78% during the next 3 months and, with a 90% probability hold a price between $54.20 and $55.82 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AVSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.0312%. Further rise is indicated until a new top pivot has been found. Avantis Responsible International Equity has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Avantis Responsible International Equity 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 $56.28 and $57.17. 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).
Support, Risk & Stop-loss for Avantis Responsible International Equity ETF
Avantis Responsible International Equity finds support from accumulated volume at $55.83 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 $0.235 between high and low, or 0.422%. For the last week the ETF has had daily average volatility of 0.330%.
Our recommended stop-loss: $52.33 (-6.29%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (AVSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Avantis Responsible International Equity Etf to open at $55.83, and during the day (based on 14 day Average True Range), to move between $55.33 and $56.36, which gives a possible trading interval of +/-$0.517 (+/-0.93%) up or down from last closing price. If Avantis Responsible International Equity Etf takes out the full calculated possible swing range there will be an estimated 1.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $55.83 (0.03%) than the resistance at $57.63 (3.19%), 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 Responsible International Equity Etf ETF A Buy?
Avantis Responsible International Equity 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.029 Hold/Accumulate Upgraded
Predicted Opening Price for Avantis Responsible International Equity Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $55.83 ( 0.0357%) | $55.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56.06 | 0.385% |
| R2 | 55.97 | 0.224% |
| R1 | 55.92 | 0.125% |
| Price | 55.85 | |
| S1 | 55.74 | -0.196% |
| S2 | 55.68 | -0.296% |
| S3 | 55.59 | -0.456% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.32 | 4.42% |
| R2 | 58.17 | 4.15% |
| R1 | 57.63 | 3.19% |
| Price | 55.85 | |
| S1 | 55.83 | -0.0312% |
| S2 | 0 | - |
| S3 | 0 | - |
AVSD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 10, 2023 | Dec 18, 2023 | Dec 21, 2023 | $0.572 | 1.07% |
| 2 | Feb 10, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.789 | 1.58% |
| 3 | Dec 14, 2022 | Dec 15, 2022 | Dec 20, 2022 | $0.333 | 0.714% |
| 4 | Jun 17, 2022 | Jun 21, 2022 | Jun 24, 2022 | $0.303 | 0.654% |
FAQ
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