Reality Shares Nasdaq NexGen Economy ETF Forecast

$27.72
-0.410 (-1.46%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Reality Shares Nasdaq NexGen Economy ETF price down 1.46% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 09, 2024 Gain 17.01% PDF

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.

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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


# Declaration Date 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

What is the symbol for Reality Shares Nasdaq NexGen Economy ETF ETF and on which exchange is it traded?
The symbol for Reality Shares Nasdaq NexGen Economy ETF is BLCN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Reality Shares Nasdaq NexGen Economy ETF ETF?
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.

How to buy Reality Shares Nasdaq NexGen Economy ETF ETF?
Reality Shares Nasdaq NexGen Economy ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Reality Shares Nasdaq NexGen Economy ETF ETF.

What's the current price of Reality Shares Nasdaq NexGen Economy ETF ETF?
As of the end of day on the 2024-03-27, the price of an Reality Shares Nasdaq NexGen Economy ETF (BLCN) share was $27.72.

What is the 52-week high and low for Reality Shares Nasdaq NexGen Economy ETF ETF?
The 52-week high for Reality Shares Nasdaq NexGen Economy ETF ETF is $28.34 and the 52-week low is $18.24.
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