JPMorgan BetaBuilders Developed Asia ETF Forecast

JPMorgan BetaBuilders Developed Asia ETF downgraded to Sell Candidate
(Updated on Apr 30, 2024)

BBAX Signals & Forecast

There are few to no technical positive signals at the moment. The JPMorgan BetaBuilders Developed Asia 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 $46.99 and $47.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -2.03%. 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, December 07, 2023 in the long-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.

Support, Risk & Stop-loss for JPMorgan BetaBuilders Developed Asia ETF

JPMorgan BetaBuilders Developed Asia finds support from accumulated volume at $46.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.690 (1.48%) between high and low. For the last week, the ETF has had daily average volatility of 0.94%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BBAX) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect JPMorgan BetaBuilders Developed Asia ex-Japan ETF to open at $46.96, and during the day (based on 14 day Average True Range), to move between $46.14 and $47.32, which gives a possible trading interval of +/-$0.586 (+/-1.25%) up or down from last closing price. If JPMorgan BetaBuilders Developed Asia ex-Japan ETF takes out the full calculated possible swing range there will be an estimated 2.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $46.84 (0.24%) than the support at $46.48 (0.53%), 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 JPMorgan BetaBuilders Developed Asia ex-Japan ETF ETF A Buy?

JPMorgan BetaBuilders Developed Asia 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.191 Sell Candidate Downgraded

Predicted Opening Price for JPMorgan BetaBuilders Developed Asia ex-Japan ETF of Wednesday, May 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.