abrdn Bloomberg All Commodity Strategy 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
abrdn Bloomberg All Commodity Strategy ETF price up 0.142% on Friday
(Updated on May 24, 2024)
The abrdn Bloomberg All Commodity Strategy ETF price gained 0.142% on the last trading day (Friday, 24th May 2024), rising from $21.06 to $21.09. During the last trading day the ETF fluctuated 0.228% from a day low at $21.05 to a day high of $21.10. The price has risen in 8 of the last 10 days and is up by 2.58% over the past 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 88 thousand shares were bought and sold for approximately $1.85 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 ETF lies in the middle of a narrow and 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 9.73% during the next 3 months and, with a 90% probability hold a price between $22.59 and $23.64 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BCI Signals & Forecast
The abrdn Bloomberg All Commodity Strategy 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 $21.19. On a fall, the ETF will find some support from the long-term average at approximately $20.62. 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). 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 ETF should be watched closely. 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 Tuesday, May 21, 2024, and so far it has fallen -1.68%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Monday, July 10, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, July 10, 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 abrdn Bloomberg All Commodity Strategy ETF
abrdn Bloomberg All Commodity Strategy finds support from accumulated volume at $20.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.0479 (0.228%) between high and low. For the last week, the ETF has had daily average volatility of 0.91%.
Our recommended stop-loss: $20.40 (-3.26%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (BCI) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect abrdn Bloomberg All Commodity Strategy K-1 Free ETF to open at $21.08, and during the day (based on 14 day Average True Range), to move between $20.90 and $21.28, which gives a possible trading interval of +/-$0.191 (+/-0.91%) up or down from last closing price. If abrdn Bloomberg All Commodity Strategy K-1 Free ETF takes out the full calculated possible swing range there will be an estimated 1.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.21 (0.57%) than the support at $20.53 (2.66%), 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 abrdn Bloomberg All Commodity Strategy K-1 Free ETF ETF A Buy?
abrdn Bloomberg All Commodity Strategy 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: -0.236 Hold/Accumulate Unchanged
Predicted Opening Price for abrdn Bloomberg All Commodity Strategy K-1 Free ETF of Tuesday, May 28, 2024
Fair opening price May 28, 2024 | Current price |
---|---|
$21.08 ( 0.0441%) | $21.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.13 | 0.183 % | |
R2 | 21.11 | 0.0963 % | ||
R1 | 21.10 | 0.0427 % | ||
Current price: | 21.09 | |||
Support | S1 | 21.06 | -0.131 % | |
S2 | 21.05 | -0.184 % | ||
S3 | 21.03 | -0.271 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.44 | 1.66 % | |
R2 | 21.24 | 0.711 % | ||
R1 | 21.21 | 0.569 % | ||
Current price | 21.09 | |||
Support | S1 | 20.53 | -2.66% | |
S2 | 20.45 | -3.03% | ||
S3 | 19.25 | -8.72% |
BCI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.761 | 3.92% |
2 | Dec 15, 2022 | Dec 16, 2022 | Dec 21, 2022 | $4.41 | 19.95% |
3 | Dec 20, 2021 | Dec 21, 2021 | Dec 29, 2021 | $4.47 | 19.34% |
4 | Dec 18, 2020 | Dec 21, 2020 | Dec 29, 2020 | $0.150 | 0.698% |
5 | Dec 18, 2019 | Dec 19, 2019 | Dec 27, 2019 | $0.334 | 1.47% |
FAQ
Click here for our free guide on how to buy abrdn Bloomberg All Commodity Strategy K-1 Free ETF ETF.