Macquarie Etf Trust - Sustainable Global ETF Forecast

Macquarie Etf Trust - Sustainable Global ETF price down 4.06% on Friday
(Updated on Jun 28, 2024)

BILD Signals & Forecast

There are few to no technical positive signals at the moment. The Macquarie Etf Trust - Sustainable Global ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $25.44 and $25.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -8.91%. 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). Macquarie Etf Trust - Sustainable Global gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Macquarie Etf Trust - Sustainable Global ETF

Macquarie Etf Trust - Sustainable Global finds support from accumulated volume at $24.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.0100 between high and low, or 0.0407%. For the last week, the ETF has had daily average volatility of 0.0081%.

Macquarie Etf Trust - Sustainable Global is oversold on RSI14 (28). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $23.62 (-3.80%) (This ETF has medium daily movements and this gives medium risk. Low RSI14 is 28 which reduces the risk some. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (BILD) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Macquarie Etf Trust - Sustainable Global Listed Infrastructure Etf to open at $24.55, and during the day (based on 14 day Average True Range), to move between $24.32 and $24.78, which gives a possible trading interval of +/-$0.228 (+/-0.93%) up or down from last closing price. If Macquarie Etf Trust - Sustainable Global Listed Infrastructure Etf takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $24.51 (0.16%) than the resistance at $25.15 (2.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Macquarie Etf Trust - Sustainable Global Listed Infrastructure Etf ETF A Buy?

Macquarie Etf Trust - Sustainable Global 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: 0.000 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 Macquarie Etf Trust - Sustainable Global Listed Infrastructure Etf of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.