Aberdeen Standard Bloomberg All ETF Forecast
Aberdeen Standard Bloomberg All ETF upgraded to Buy Candidate.
(Updated on Apr 25, 2024)
The Aberdeen Standard Bloomberg All ETF price gained 0.706% on the last trading day (Thursday, 25th Apr 2024), rising from $32.60 to $32.83. During the last trading day the ETF fluctuated 0.767% from a day low at $32.58 to a day high of $32.83. The price has been going up and down for this period, and there has been a 0.83% gain for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 17 thousand shares were bought and sold for approximately $572.46 thousand. 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 ETF lies in the middle of a strong 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 10.12% during the next 3 months and, with a 90% probability hold a price between $35.43 and $37.30 at the end of this 3-month period.
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BCD Signals & Forecast
The Aberdeen Standard Bloomberg All ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $32.64 and $31.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 10.50%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Aberdeen Standard Bloomberg All ETF
Aberdeen Standard Bloomberg All finds support from accumulated volume at $31.71 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.250 between high and low, or 0.767%. For the last week the ETF has had daily average volatility of 0.739%
Our recommended stop-loss: $31.75 (-3.28%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (BCD) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Aberdeen Standard Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF to open at $32.75, and during the day (based on 14 day Average True Range), to move between $32.56 and $33.10, which gives a possible trading interval of +/-$0.275 (+/-0.84%) up or down from last closing price. If Aberdeen Standard Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF takes out the full calculated possible swing range there will be an estimated 1.67% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $31.71, some $1.12 (3.41%) from the current price of $32.83, our system finds the risk reward attractive.
Is Aberdeen Standard Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aberdeen Standard Bloomberg All ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.308 Buy Candidate Upgraded
Predicted Opening Price for Aberdeen Standard Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $32.75 ( 0.254%) | $32.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.00 | 0.508 % | |
| R2 | 32.90 | 0.217 % | ||
| R1 | 32.84 | 0.0371 % | ||
| Current price: | 32.83 | |||
| Support | S1 | 32.65 | -0.545 % | |
| S2 | 32.59 | -0.724 % | ||
| S3 | 32.50 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 32.83 | |||
| Support | S1 | 31.71 | -3.41% | |
| S2 | 30.13 | -8.22% | ||
| S3 | 29.71 | -9.50% |
BCD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $1.38 | 4.50% |
| 2 | Dec 15, 2022 | Dec 16, 2022 | Dec 21, 2022 | $1.80 | 5.19% |
| 3 | Dec 20, 2021 | Dec 21, 2021 | Dec 29, 2021 | $2.55 | 8.23% |
| 4 | Dec 18, 2020 | Dec 21, 2020 | Dec 29, 2020 | $0.327 | 1.31% |
| 5 | Dec 18, 2019 | Dec 19, 2019 | Dec 27, 2019 | $0.381 | 1.55% |
FAQ
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