Reality Shares Nasdaq NexGen Economy ETF Forecast

Reality Shares Nasdaq NexGen Economy ETF price up 1.38% on Tuesday
(Updated on Jul 02, 2024)

BLCN Signals & Forecast

There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -1.73%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. 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 $26.52 and $26.47. 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 $26.32 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 $0.460 between high and low, or 1.75%. For the last week the ETF has had daily average volatility of 3.51%

Our recommended stop-loss: $25.51 (-4.61%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 52 days ago.)

Trading Expectations (BLCN) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Reality Shares Nasdaq NexGen Economy ETF to open at $26.61, and during the day (based on 14 day Average True Range), to move between $25.77 and $27.71, which gives a possible trading interval of +/-$0.97 (+/-3.63%) 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 7.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.32 (1.57%) than the resistance at $27.20 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Reality Shares Nasdaq NexGen Economy ETF ETF A Buy?

Reality Shares Nasdaq NexGen Economy 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: -0.557 Hold/Accumulate Unchanged

Predicted Opening Price for Reality Shares Nasdaq NexGen Economy ETF of Wednesday, July 3, 2024

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