Amplify Lithium & Battery Technology ETF Forecast
Amplify Lithium & Battery Technology ETF upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)
The Amplify Lithium & Battery Technology ETF price fell by -1.23% on the last day (Friday, 19th Apr 2024) from $8.97 to $8.86. It has now fallen 6 days in a row. During the last trading day the ETF fluctuated 1.11% from a day low at $8.85 to a day high of $8.95. The price has fallen in 7 of the last 10 days and is down by -4.83% 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 -41 thousand shares and in total, 27 thousand shares were bought and sold for approximately $239.72 thousand.
Given the current short-term trend, the ETF is expected to rise 5.33% during the next 3 months and, with a 90% probability hold a price between $9.33 and $10.19 at the end of this 3-month period.
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BATT Signals & Forecast
There are few to no technical positive signals at the moment. The Amplify Lithium & Battery Technology 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 $9.10 and $9.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -7.80%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Amplify Lithium & Battery Technology ETF
Amplify Lithium & Battery Technology finds support from accumulated volume at $8.82 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 $0.0985 between high and low, or 1.11%. For the last week the ETF has had daily average volatility of 1.58%
Our recommended stop-loss: $8.30 (-6.31%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (BATT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Amplify Lithium & Battery Technology ETF to open at $8.89, and during the day (based on 14 day Average True Range), to move between $8.69 and $9.03, which gives a possible trading interval of +/-$0.166 (+/-1.87%) up or down from last closing price. If Amplify Lithium & Battery Technology ETF takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.82 (0.45%) than the resistance at $8.92 (0.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amplify Lithium & Battery Technology ETF ETF A Buy?
Amplify Lithium & Battery Technology 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: -0.724 Hold/Accumulate Upgraded
Predicted Opening Price for Amplify Lithium & Battery Technology ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $8.89 ( 0.295%) | $8.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BATT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.98 | 1.41 % | |
| R2 | 8.95 | 0.98 % | ||
| R1 | 8.92 | 0.720 % | ||
| Current price: | 8.86 | |||
| Support | S1 | 8.85 | -0.129 % | |
| S2 | 8.83 | -0.392 % | ||
| S3 | 8.79 | -0.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.98 | 1.35 % | |
| R2 | 8.97 | 1.24 % | ||
| R1 | 8.92 | 0.677 % | ||
| Current price | 8.86 | |||
| Support | S1 | 8.82 | -0.451% | |
| S2 | 8.79 | -0.790% | ||
| S3 | 8.78 | -0.90% |
BATT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.340 | 3.23% |
| 2 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.485 | 4.14% |
| 3 | Jan 18, 2021 | Dec 29, 2021 | Dec 31, 2021 | $0.418 | 2.32% |
| 4 | Dec 28, 2020 | Dec 29, 2020 | Dec 31, 2020 | $0.0340 | 0.215% |
| 5 | Dec 27, 2019 | Dec 30, 2019 | Jan 02, 2020 | $0.353 | 3.15% |
FAQ
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