UBS ETRACS Wells Fargo Business 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=129805e49c0e70f186cb67723097252dce2833f4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=129805e49c0e70f186cb67723097252dce2833f4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=129805e49c0e70f186cb67723097252dce2833f4)
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 Friday for UBS ETRACS Wells Fargo Business
(Updated on Jun 21, 2024)
The UBS ETRACS Wells Fargo Business ETF price fell by -0.558% on the last day (Friday, 21st Jun 2024) from $19.68 to $19.57. During the last trading day the ETF fluctuated 0.0511% from a day low at $19.57 to a day high of $19.58. The price has fallen in 4 of the last 10 days and is down by -0.86% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -11 thousand shares and in total, 682 shares were bought and sold for approximately $13.35 thousand.
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 3.85% during the next 3 months and, with a 90% probability hold a price between $19.96 and $20.89 at the end of this 3-month period.
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BDCZ Signals & Forecast
There are few to no technical positive signals at the moment. The UBS ETRACS Wells Fargo Business ETF 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 $19.65 and $19.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -1.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for UBS ETRACS Wells Fargo Business ETF
UBS ETRACS Wells Fargo Business finds support from accumulated volume at $19.39 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 $0.0100 between high and low, or 0.0511%. For the last week the ETF has had daily average volatility of 0.206%
Our recommended stop-loss: $18.51 (-5.43%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (BDCZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect UBS ETRACS Wells Fargo Business Development Company Index ETN to open at $19.57, and during the day (based on 14 day Average True Range), to move between $19.47 and $19.67, which gives a possible trading interval of +/-$0.101 (+/-0.52%) up or down from last closing price. If UBS ETRACS Wells Fargo Business Development Company Index ETN takes out the full calculated possible swing range there will be an estimated 1.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.61 (0.20%) than the support at $19.39 (0.92%), 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 UBS ETRACS Wells Fargo Business Development Company Index ETN ETF A Buy?
UBS ETRACS Wells Fargo Business 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.
Current score: -0.449 Hold/Accumulate Unchanged
Predicted Opening Price for UBS ETRACS Wells Fargo Business Development Company Index ETN of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$19.57 ( 0.0170%) | $19.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDCZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.58 | 0.0681% |
R2 | 19.58 | 0.0486% |
R1 | 19.58 | 0.0366% |
Price | 19.57 | |
S1 | 19.57 | -0.0025% |
S2 | 19.57 | -0.0145% |
S3 | 19.56 | -0.0341% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.74 | 0.87% |
R2 | 19.68 | 0.562% |
R1 | 19.61 | 0.204% |
Price | 19.57 | |
S1 | 19.39 | -0.92% |
S2 | 19.37 | -1.01% |
S3 | 19.33 | -1.23% |
BDCZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | Apr 22, 2024 | $0.460 | 2.40% |
2 | Jan 12, 2024 | Jan 12, 2024 | Jan 24, 2024 | $0.440 | 2.32% |
3 | Oct 12, 2023 | Oct 12, 2023 | Oct 23, 2023 | $0.444 | 2.59% |
4 | Jul 13, 2023 | Jul 13, 2023 | Jul 24, 2023 | $0.429 | 2.37% |
5 | Jul 10, 2023 | Apr 12, 2023 | Apr 21, 2023 | $0.432 | 2.61% |
FAQ
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