Bridges Capital Tactical Etf ETF Forecast
Green day on Tuesday for Bridges Capital Tactical Etf
(Updated on Jun 25, 2024)
The Bridges Capital Tactical Etf ETF price gained 0.0709% on the last trading day (Tuesday, 25th Jun 2024), rising from $28.23 to $28.25. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.177% from a day low at $28.20 to a day high of $28.25. The price has risen in 7 of the last 10 days and is up by 0.62% over the past 2 weeks. Volume fell on the last day by -67 thousand shares and in total, 2 thousand shares were bought and sold for approximately $48.86 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 upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $28.25 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.89% during the next 3 months and, with a 90% probability hold a price between $28.88 and $29.07 at the end of this 3-month period.
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BDGS Signals & Forecast
The Bridges Capital Tactical Etf 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 $28.17 and $28.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 2.37%. Further rise is indicated until a new top pivot has been found. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, October 09, 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, October 09, 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.
A buy signal from a double bottom formation was found on Wednesday, May 01, 2024 with a target of $27.60. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for Bridges Capital Tactical Etf ETF
Bridges Capital Tactical Etf finds support from accumulated volume at $28.23 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 $0.0499 between high and low, or 0.177%. For the last week the ETF has had daily average volatility of 0.248%
Our recommended stop-loss: $26.30 (-6.89%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (BDGS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Bridges Capital Tactical Etf to open at $28.23, and during the day (based on 14 day Average True Range), to move between $28.19 and $28.30, which gives a possible trading interval of +/-$0.0550 (+/-0.19%) up or down from last closing price. If Bridges Capital Tactical Etf takes out the full calculated possible swing range there will be an estimated 0.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $28.23, some $0.0200 (0.07%) from the current price of $28.25, our system finds the risk reward attractive.
Is Bridges Capital Tactical Etf ETF A Buy?
Bridges Capital Tactical Etf 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Bridges Capital Tactical Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $28.23 ( 0.0471%) | $28.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDGS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.28 | 0.130% |
| R2 | 28.26 | 0.0621% |
| R1 | 28.25 | 0.0204% |
| Price | 28.25 | |
| S1 | 28.21 | -0.115% |
| S2 | 28.20 | -0.156% |
| S3 | 28.18 | -0.224% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 28.25 | |
| S1 | 28.23 | -0.0708% |
| S2 | 27.55 | -2.46% |
| S3 | 27.52 | -2.57% |
BDGS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2023 | Dec 20, 2023 | Dec 22, 2023 | $0.226 | 0.84% |
FAQ
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