JPMorgan BetaBuilders Developed Asia ETF Forecast

$48.16
-0.190 (-0.393%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Red day on Thursday for JPMorgan BetaBuilders Developed Asia
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 Gain 0.73% PDF

The JPMorgan BetaBuilders Developed Asia ETF price fell by -0.393% on the last day (Thursday, 28th Mar 2024) from $48.35 to $48.16. During the last trading day the ETF fluctuated 0.479% from a day low at $48.03 to a day high of $48.26. The price has fallen in 6 of the last 10 days and is down by -0.52% for this period. Volume has increased on the last day by 237 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 380 thousand shares were bought and sold for approximately $18.28 million.

The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect JPMorgan BetaBuilders Developed Asia ETF with a 90% probability to be traded between $47.27 and $49.99 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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BBAX Signals & Forecast

The JPMorgan BetaBuilders Developed Asia 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 $48.06 and $48.10. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -2.29%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. 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.

Buy
Special Signal Notification

Golden Star 12 Months

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 $47.93 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 $0.230 between high and low, or 0.479%. For the last week the ETF has had daily average volatility of 0.560%.

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 Monday 1st

For the upcoming trading day on Monday, 1st we expect JPMorgan BetaBuilders Developed Asia ex-Japan ETF to open at $48.15, and during the day (based on 14 day Average True Range), to move between $47.69 and $48.63, which gives a possible trading interval of +/-$0.474 (+/-0.98%) 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 1.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $48.20 (0.08%) than the support at $47.93 (0.48%), 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.

Current score: -3.354 Sell Candidate Unchanged

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

Fair opening price April 1, 2024 Current price
$48.15 ( 0.0208%) $48.16

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

Trading levels for BBAX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 48.38 0.457 %
R2 48.29 0.274 %
R1 48.24 0.162 %
Current price: 48.16
Support S1 48.06 -0.203 %
S2 48.01 -0.316 %
S3 47.92 -0.498 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 48.47 0.644 %
R2 48.26 0.208 %
R1 48.20 0.0831 %
Current price 48.16
Support S1 47.93 -0.478%
S2 47.90 -0.540%
S3 46.44 -3.57%

BBAX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 19, 2024 Mar 19, 2024 Mar 22, 2024 $0.399 0.83%
2 Dec 19, 2023 Dec 19, 2023 Dec 19, 2023 $0.621 1.28%
3 Sep 18, 2023 Sep 19, 2023 Sep 22, 2023 $0.410 0.91%
4 Jun 16, 2023 Jun 20, 2023 Jun 23, 2023 $0.639 1.36%
5 Mar 20, 2023 Mar 21, 2023 Mar 24, 2023 $0.395 0.83%

FAQ

What is the symbol for JPMorgan BetaBuilders Developed Asia ex-Japan ETF ETF and on which exchange is it traded?
The symbol for JPMorgan BetaBuilders Developed Asia ex-Japan ETF is BBAX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell JPMorgan BetaBuilders Developed Asia ex-Japan ETF ETF?
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.

How to buy JPMorgan BetaBuilders Developed Asia ex-Japan ETF ETF?
JPMorgan BetaBuilders Developed Asia ex-Japan ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy JPMorgan BetaBuilders Developed Asia ex-Japan ETF ETF.

What's the current price of JPMorgan BetaBuilders Developed Asia ex-Japan ETF ETF?
As of the end of day on the 2024-03-28, the price of an JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) share was $48.16.

What is the 52-week high and low for JPMorgan BetaBuilders Developed Asia ex-Japan ETF ETF?
The 52-week high for JPMorgan BetaBuilders Developed Asia ex-Japan ETF ETF is $50.64 and the 52-week low is $43.15.

What is the market capitalization of JPMorgan BetaBuilders Developed Asia ex-Japan ETF ETF?
As of the 2024-03-28, the market capitalization of JPMorgan BetaBuilders Developed Asia ex-Japan ETF is 4.377B.
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