Amplify Lithium & Battery Technology ETF Forecast
Stronger technical forecast for Amplify Lithium & Battery Technology ETF price after Thursday trading.
(Updated on May 02, 2024)
The Amplify Lithium & Battery Technology ETF price gained 3.05% on the last trading day (Thursday, 2nd May 2024), rising from $9.17 to $9.45. During the last trading day the ETF fluctuated 2.27% from a day low at $9.25 to a day high of $9.46. The price has risen in 5 of the last 10 days and is up by 5.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately $372.01 thousand.
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 3.12% during the next 3 months and, with a 90% probability hold a price between $9.16 and $9.99 at the end of this 3-month period.
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BATT Signals & Forecast
Mostly positive signals in the chart today. The Amplify Lithium & Battery Technology ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $9.16 and $9.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 6.78%. 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). Amplify Lithium & Battery Technology 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.
Support, Risk & Stop-loss for Amplify Lithium & Battery Technology ETF
Amplify Lithium & Battery Technology finds support from accumulated volume at $9.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.210 between high and low, or 2.27%. For the last week, the ETF has had daily average volatility of 1.90%.
Our recommended stop-loss: $9.06 (-4.10%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BATT) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Amplify Lithium & Battery Technology ETF to open at $9.39, and during the day (based on 14 day Average True Range), to move between $9.27 and $9.63, which gives a possible trading interval of +/-$0.183 (+/-1.93%) 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 3.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.46 (0.11%) than the support at $9.19 (2.75%), 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 Amplify Lithium & Battery Technology ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Amplify Lithium & Battery Technology ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.696 Buy Candidate Upgraded
Predicted Opening Price for Amplify Lithium & Battery Technology ETF of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$9.39 ( 0.670%) | $9.45 |
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 | 9.60 | 1.55 % | |
R2 | 9.52 | 0.703 % | ||
R1 | 9.47 | 0.179 % | ||
Current price: | 9.45 | |||
Support | S1 | 9.31 | -1.52 % | |
S2 | 9.26 | -2.04 % | ||
S3 | 9.18 | -2.89 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.61 | 1.69 % | |
R2 | 9.49 | 0.423 % | ||
R1 | 9.46 | 0.106 % | ||
Current price | 9.45 | |||
Support | S1 | 9.19 | -2.75% | |
S2 | 8.97 | -5.08% | ||
S3 | 8.92 | -5.61% |
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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