Barington/Hilco Acquisition Corp Wt Exp ETF Forecast
Red day on Friday for Barington/Hilco Acquisition Corp Wt Exp ETF after losing 0%
(Updated on Jun 21, 2024)
No changes to the price of Barington/Hilco Acquisition Corp Wt Exp ETF on the last trading day (Friday, 21st Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $0.0951 to a day high of $0.0951. The price has been going up and down for this period, and there has been a -4.9% loss for the last 2 weeks.
The ETF has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $0.0962. A reaction back to this level may hold a second chance to get out before further falls.
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BHACW Signals & Forecast
The Barington/Hilco Acquisition Corp Wt Exp 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 $0.0952. On a fall, the ETF will find some support from the long-term average at approximately $0.0700. 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. 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 Thursday, June 20, 2024, and so far it has fallen 0%. 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 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 Barington/Hilco Acquisition Corp Wt Exp ETF
Barington/Hilco Acquisition Corp Wt Exp finds support from accumulated volume at $0.0910 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 1.16%
Our recommended stop-loss: $0.0918 (-3.42%) (This ETF has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BHACW) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Barington/Hilco Acquisition Corp Wt Exp 02/11/2018 to open at $0.0951, and during the day (based on 14 day Average True Range), to move between $0.0918 and $0.0984, which gives a possible trading interval of +/-$0.0033 (+/-3.47%) up or down from last closing price. If Barington/Hilco Acquisition Corp Wt Exp 02/11/2018 takes out the full calculated possible swing range there will be an estimated 6.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0910 (4.31%) than the resistance at $0.0999 (5.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Barington/Hilco Acquisition Corp Wt Exp 02/11/2018 ETF A Buy?
Barington/Hilco Acquisition Corp Wt Exp 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 Barington/Hilco Acquisition Corp Wt Exp 02/11/2018 of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$0.0951 ( 0%) | $0.0951 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHACW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0951 | - |
R2 | 0.0951 | - |
R1 | 0.0951 | - |
Price | 0.0951 | |
S1 | 0.0951 | - |
S2 | 0.0951 | - |
S3 | 0.0951 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0.100 | 5.15% |
R1 | 0.0999 | 5.05% |
Price | 0.0951 | |
S1 | 0.0910 | -4.31% |
S2 | 0.0800 | -15.88% |
S3 | 0 | - |
FAQ
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