JPMorgan BetaBuilders Canada 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
Red day on Tuesday for JPMorgan BetaBuilders Canada ETF after losing 0.218%
(Updated on May 07, 2024)
The JPMorgan BetaBuilders Canada ETF price fell by -0.218% on the last day (Tuesday, 7th May 2024) from $66.41 to $66.27. During the last trading day the ETF fluctuated 0.83% from a day low at $66.08 to a day high of $66.63. The price has risen in 6 of the last 10 days and is up by 0.86% over the past 2 weeks. Volume has increased on the last day by 4 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, 130 thousand shares were bought and sold for approximately $8.61 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 2.42% during the next 3 months and, with a 90% probability hold a price between $65.75 and $69.28 at the end of this 3-month period.
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BBCA Signals & Forecast
The JPMorgan BetaBuilders Canada 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 $65.42 and $65.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.85%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 26, 2023.
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 Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 26, 2023.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 12 Months
The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 26, 2023.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 Canada ETF
JPMorgan BetaBuilders Canada finds support from accumulated volume at $64.81 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 $0.550 between high and low, or 0.83%. For the last week the ETF has had daily average volatility of 1.15%.
Our recommended stop-loss: $63.45 (-4.26%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (BBCA) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect JPMorgan BetaBuilders Canada ETF to open at $66.33, and during the day (based on 14 day Average True Range), to move between $65.43 and $67.10, which gives a possible trading interval of +/-$0.83 (+/-1.25%) up or down from last closing price. If JPMorgan BetaBuilders Canada 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 $66.55 (0.43%) than the support at $64.81 (2.20%), 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 Canada ETF ETF A Buy?
JPMorgan BetaBuilders Canada holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.803 Hold/Accumulate Unchanged
Predicted Opening Price for JPMorgan BetaBuilders Canada ETF of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $66.33 ( 0.0905%) | $66.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBCA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.88 | 0.92 % | |
| R2 | 66.66 | 0.603 % | ||
| R1 | 66.54 | 0.408 % | ||
| Current price: | 66.27 | |||
| Support | S1 | 66.11 | -0.227 % | |
| S2 | 65.99 | -0.422 % | ||
| S3 | 65.78 | -0.739 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.12 | 1.29 % | |
| R2 | 66.81 | 0.82 % | ||
| R1 | 66.55 | 0.430 % | ||
| Current price | 66.27 | |||
| Support | S1 | 64.81 | -2.20% | |
| S2 | 64.70 | -2.36% | ||
| S3 | 64.58 | -2.54% |
BBCA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 19, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.238 | 0.360% |
| 2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.559 | 0.88% |
| 3 | Sep 18, 2023 | Sep 19, 2023 | Sep 22, 2023 | $0.397 | 0.672% |
| 4 | Jun 16, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.434 | 0.733% |
| 5 | Mar 20, 2023 | Mar 21, 2023 | Mar 24, 2023 | $0.220 | 0.387% |
FAQ
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