Reality Shares Nasdaq NexGen Economy ETF Forecast
Reality Shares Nasdaq NexGen Economy ETF price down 1.46% on Wednesday
(Updated on Mar 27, 2024)
The Reality Shares Nasdaq NexGen Economy ETF price fell by -1.46% on the last day (Wednesday, 27th Mar 2024) from $28.13 to $27.72. During the last trading day the ETF fluctuated 2.18% from a day low at $27.54 to a day high of $28.14. The price has fallen in 7 of the last 10 days and is down by -2.19% for this period. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 22 thousand shares were bought and sold for approximately $613.50 thousand.
The ETF lies in the middle of a wide and strong 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 26.66% during the next 3 months and, with a 90% probability hold a price between $33.05 and $37.18 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.
BLCN Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -2.19%. 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). Reality Shares Nasdaq NexGen Economy 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 Reality Shares Nasdaq NexGen Economy 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 $27.70 and $26.38. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Reality Shares Nasdaq NexGen Economy ETF
Reality Shares Nasdaq NexGen Economy finds support from accumulated volume at $27.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.600 (2.18%) between high and low. For the last week, the ETF has had daily average volatility of 2.38%.
Our recommended stop-loss: $26.76 (-3.46%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (BLCN) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Reality Shares Nasdaq NexGen Economy ETF to open at $27.80, and during the day (based on 14 day Average True Range), to move between $26.89 and $28.55, which gives a possible trading interval of +/-$0.83 (+/-3.01%) up or down from last closing price. If Reality Shares Nasdaq NexGen Economy ETF takes out the full calculated possible swing range there will be an estimated 6.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.75 (0.11%) than the support at $27.59 (0.47%), 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 Reality Shares Nasdaq NexGen Economy 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 Reality Shares Nasdaq NexGen Economy ETF to perform well in the short-term.
Current score: 1.032 Buy Candidate Unchanged
Predicted Opening Price for Reality Shares Nasdaq NexGen Economy ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$27.80 ( 0.289%) | $27.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLCN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.40 | 2.45 % | |
R2 | 28.17 | 1.63 % | ||
R1 | 28.03 | 1.12 % | ||
Current price: | 27.72 | |||
Support | S1 | 27.57 | -0.538 % | |
S2 | 27.43 | -1.05 % | ||
S3 | 27.20 | -1.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.90 | 0.649 % | |
R2 | 27.85 | 0.469 % | ||
R1 | 27.75 | 0.108 % | ||
Current price | 27.72 | |||
Support | S1 | 27.59 | -0.469% | |
S2 | 24.23 | -12.59% | ||
S3 | 23.69 | -14.54% |
BLCN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 22, 2024 | Mar 26, 2024 | $0.0458 | 0.163% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 27, 2023 | $0.0051 | 0.0204% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 26, 2023 | $0.0149 | 0.0786% |
4 | Jun 22, 2023 | Jun 23, 2023 | Jun 27, 2023 | $0.0930 | 0.442% |
5 | Mar 23, 2023 | Mar 24, 2023 | Mar 28, 2023 | $0.0180 | 0.0875% |
FAQ
Click here for our free guide on how to buy Reality Shares Nasdaq NexGen Economy ETF ETF.