Avantis U.S. Small Cap Value ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Avantis U.S. Small Cap Value ETF downgraded after the last trading session.
(Updated on May 29, 2024)
The Avantis U.S. Small Cap Value ETF price fell by -1.31% on the last day (Wednesday, 29th May 2024) from $91.84 to $90.64. During the last trading day the ETF fluctuated 0.663% from a day low at $90.44 to a day high of $91.04. The price has fallen in 6 of the last 10 days and is down by -2.81% for this period. 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 -90 thousand shares and in total, 472 thousand shares were bought and sold for approximately $42.77 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.60% during the next 3 months and, with a 90% probability hold a price between $90.37 and $97.86 at the end of this 3-month period.
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AVUV Signals & Forecast
There are few to no technical positive signals at the moment. The Avantis U.S. Small Cap Value 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 $92.10 and $90.74. 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 -3.34%. 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. The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -8.50% to $82.93 within 33 trading days since signal was issued (Thursday, May 30, 2024).
Support, Risk & Stop-loss for Avantis U.S. Small Cap Value ETF
Avantis U.S. Small Cap Value finds support from accumulated volume at $90.24 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 $0.600 between high and low, or 0.663%. For the last week the ETF has had daily average volatility of 1.17%.
Our recommended stop-loss: $86.36 (-4.72%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (AVUV) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Avantis U.S. Small Cap Value ETF to open at $90.71, and during the day (based on 14 day Average True Range), to move between $89.44 and $91.84, which gives a possible trading interval of +/-$1.20 (+/-1.32%) up or down from last closing price. If Avantis U.S. Small Cap Value ETF takes out the full calculated possible swing range there will be an estimated 2.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $90.86 (0.24%) than the support at $90.24 (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 U.S. Small Cap Value ETF ETF A Buy?
Avantis U.S. Small Cap Value 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 Hold/Accumulate candidate.
Current score: 0.358 Hold/Accumulate Downgraded
Predicted Opening Price for Avantis U.S. Small Cap Value ETF of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| $90.71 ( 0.0736%) | $90.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVUV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.31 | 0.736 % | |
| R2 | 91.08 | 0.483 % | ||
| R1 | 90.94 | 0.326 % | ||
| Current price: | 90.64 | |||
| Support | S1 | 90.48 | -0.179 % | |
| S2 | 90.34 | -0.336 % | ||
| S3 | 90.11 | -0.588 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93.77 | 3.45 % | |
| R2 | 92.17 | 1.69 % | ||
| R1 | 90.86 | 0.243 % | ||
| Current price | 90.64 | |||
| Support | S1 | 90.24 | -0.441% | |
| S2 | 89.89 | -0.83% | ||
| S3 | 88.06 | -2.85% |
AVUV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 25, 2024 | $0.307 | 0.336% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.438 | 0.499% |
| 3 | Feb 10, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.358 | 0.468% |
| 4 | Feb 10, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.371 | 0.499% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.318 | 0.438% |
FAQ
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