Bristol Gate Concentrated Us Equity Etf 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
Bristol Gate Concentrated Us Equity Etf ETF upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
No changes to the price of Bristol Gate Concentrated Us Equity Etf ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $43.87 to a day high of $43.87. The price has risen in 6 of the last 10 days and is up by 0.5% over the past 2 weeks.
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 3.04% during the next 3 months and, with a 90% probability hold a price between $44.44 and $46.34 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.
BGU.TO Signals & Forecast
The Bristol Gate Concentrated Us Equity Etf 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 $43.97. On a fall, the ETF will find some support from the long-term average at approximately $43.52. 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. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.412%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Bristol Gate Concentrated Us Equity Etf ETF
Bristol Gate Concentrated Us Equity Etf finds support from accumulated volume at $43.21 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0364%
Our recommended stop-loss: $41.41 (-5.61%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BGU.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Bristol Gate Concentrated Us Equity Etf to open at $43.87, and during the day (based on 14 day Average True Range), to move between $43.63 and $44.11, which gives a possible trading interval of +/-$0.244 (+/-0.56%) up or down from last closing price. If Bristol Gate Concentrated Us Equity Etf takes out the full calculated possible swing range there will be an estimated 1.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.94 (0.16%) than the support at $43.21 (1.50%), 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 Bristol Gate Concentrated Us Equity 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 Bristol Gate Concentrated Us Equity Etf 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: 3.173 Buy Candidate Upgraded
Predicted Opening Price for Bristol Gate Concentrated Us Equity Etf of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
$43.87 ( 0%) | $43.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGU.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 43.87 | - |
R2 | 43.87 | - |
R1 | 43.87 | - |
Price | 43.87 | |
S1 | 43.87 | - |
S2 | 43.87 | - |
S3 | 43.87 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 44.17 | 0.684% |
R2 | 44.15 | 0.638% |
R1 | 43.94 | 0.160% |
Price | 43.87 | |
S1 | 43.21 | -1.50% |
S2 | 42.92 | -2.17% |
S3 | 42.36 | -3.44% |
FAQ
Click here for our free guide on how to buy Bristol Gate Concentrated Us Equity Etf ETF.