JPMorgan BetaBuilders U.S. Mid Cap ETF Forecast
Red day on Wednesday for JPMorgan BetaBuilders U.S. Mid Cap ETF after losing 0.796%
(Updated on May 22, 2024)
The JPMorgan BetaBuilders U.S. Mid Cap ETF price fell by -0.796% on the last day (Wednesday, 22nd May 2024) from $90.48 to $89.76. During the last trading day the ETF fluctuated 0.98% from a day low at $89.61 to a day high of $90.49. The price has been going up and down for this period, and there has been a 0.82% gain for the last 2 weeks. Volume has increased on the last day by 8 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, 10 thousand shares were bought and sold for approximately $889.25 thousand.
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 U.S. Mid Cap ETF with a 90% probability to be traded between $84.78 and $91.78 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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BBMC Signals & Forecast
The JPMorgan BetaBuilders U.S. Mid Cap ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $90.67. On a fall, the ETF will find some support from the long-term average at approximately $88.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -2.03%. Further fall is indicated until a new bottom pivot has been found. JPMorgan BetaBuilders U.S. Mid Cap gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for JPMorgan BetaBuilders U.S. Mid Cap ETF
JPMorgan BetaBuilders U.S. Mid Cap finds support from accumulated volume at $87.86 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 $0.88 between high and low, or 0.98%. For the last week the ETF has had daily average volatility of 0.379%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBMC) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect JPMorgan BetaBuilders U.S. Mid Cap Equity ETF to open at $89.95, and during the day (based on 14 day Average True Range), to move between $88.93 and $90.59, which gives a possible trading interval of +/-$0.83 (+/-0.92%) up or down from last closing price. If JPMorgan BetaBuilders U.S. Mid Cap Equity ETF takes out the full calculated possible swing range there will be an estimated 1.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $90.42 (0.74%) than the support at $87.86 (2.12%), 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 U.S. Mid Cap Equity ETF ETF A Buy?
JPMorgan BetaBuilders U.S. Mid Cap holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.172 Sell Candidate Unchanged
Predicted Opening Price for JPMorgan BetaBuilders U.S. Mid Cap Equity ETF of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $89.95 ( 0.215%) | $89.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBMC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 90.83 | 1.20 % | |
| R2 | 90.50 | 0.82 % | ||
| R1 | 90.29 | 0.590 % | ||
| Current price: | 89.76 | |||
| Support | S1 | 89.62 | -0.159 % | |
| S2 | 89.41 | -0.390 % | ||
| S3 | 89.07 | -0.765 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 92.45 | 3.00 % | |
| R2 | 90.75 | 1.10 % | ||
| R1 | 90.42 | 0.740 % | ||
| Current price | 89.76 | |||
| Support | S1 | 87.86 | -2.12% | |
| S2 | 87.18 | -2.88% | ||
| S3 | 85.32 | -4.95% |
BBMC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.159 | 0.176% |
| 2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.423 | 0.501% |
| 3 | Dec 30, 2022 | Sep 19, 2023 | Sep 22, 2023 | $0.275 | 0.367% |
| 4 | Dec 30, 2022 | Jun 20, 2023 | Jun 23, 2023 | $0.270 | 0.356% |
| 5 | Dec 30, 2022 | Mar 21, 2023 | Mar 24, 2023 | $0.180 | 0.251% |
FAQ
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