Betashares U.s. Equities Strong Bear Trust Forecast
Betashares U.s. Equities Strong Bear trust upgraded to Hold/Accumulate.
(Updated on Jun 21, 2024)
The Betashares U.s. Equities Strong Bear trust price gained 1.18% on the last trading day (Friday, 21st Jun 2024), rising from $5.07 to $5.13. During the last trading day the trust fluctuated 0.390% from a day low at $5.13 to a day high of $5.15. The price has fallen in 6 of the last 10 days and is down by -4.82% for this period. Volume fell on the last day by -67 thousand shares and in total, 340 thousand shares were bought and sold for approximately $1.74 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The trust lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.06 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the trust is expected to fall -11.12% during the next 3 months and, with a 90% probability hold a price between $4.50 and $5.21 at the end of this 3-month period.
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BBUS.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.18%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The trust should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Betashares U.s. Equities Strong Bear trust 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 $5.16 and $5.51. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Betashares U.s. Equities Strong Bear trust
Betashares U.s. Equities Strong Bear finds support from accumulated volume at $5.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This trust has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the trust moved $0.0200 between high and low, or 0.390%. For the last week, the trust has had daily average volatility of 0.469%.
Betashares U.s. Equities Strong Bear is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $4.84 (-5.70%) (This trust has medium daily movements and this gives medium risk. Low RSI14 is 13 which reduces the risk some. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (BBUS.AX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Betashares U.s. Equities Strong Bear Hedge Fund - Currency Hedged to open at $5.14, and during the day (based on 14 day Average True Range), to move between $5.06 and $5.20, which gives a possible trading interval of +/-$0.0693 (+/-1.35%) up or down from last closing price. If Betashares U.s. Equities Strong Bear Hedge Fund - Currency Hedged takes out the full calculated possible swing range there will be an estimated 2.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.09 (0.78%) than the resistance at $5.23 (1.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Betashares U.s. Equities Strong Bear Hedge Fund - Currency Hedged trust A Buy?
Betashares U.s. Equities Strong Bear holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this trust since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.112 Hold/Accumulate Upgraded
Predicted Opening Price for Betashares U.s. Equities Strong Bear Hedge Fund - Currency Hedged of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $5.14 ( 0.130%) | $5.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBUS.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.16 | 0.520% |
| R2 | 5.15 | 0.371% |
| R1 | 5.14 | 0.279% |
| Price | 5.13 | |
| S1 | 5.13 | -0.0190% |
| S2 | 5.12 | -0.111% |
| S3 | 5.12 | -0.260% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.20 | 20.86% |
| R2 | 6.17 | 20.27% |
| R1 | 5.23 | 1.95% |
| Price | 5.13 | |
| S1 | 5.09 | -0.780% |
| S2 | 5.07 | -1.17% |
| S3 | 0 | - |
FAQ
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