Reality Shares Nasdaq NexGen Economy ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Reality Shares Nasdaq NexGen Economy ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Reality Shares Nasdaq NexGen Economy ETF price fell by -0.197% on the last day (Friday, 26th Apr 2024) from $25.40 to $25.35. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.94% from a day low at $25.20 to a day high of $25.69. The price has been going up and down for this period, and there has been a -2.54% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -9 thousand shares and in total, 3 thousand shares were bought and sold for approximately $87.69 thousand.
The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.88 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 11.33% during the next 3 months and, with a 90% probability hold a price between $27.70 and $33.24 at the end of this 3-month period.
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BLCN Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.30%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Reality Shares Nasdaq NexGen Economy ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.35 and $26.85. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Reality Shares Nasdaq NexGen Economy ETF
Reality Shares Nasdaq NexGen Economy finds support from accumulated volume at $24.54 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, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.490 between high and low, or 1.94%. For the last week the ETF has had daily average volatility of 3.90%.
Our recommended stop-loss: $23.95 (-5.52%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BLCN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Reality Shares Nasdaq NexGen Economy ETF to open at $25.41, and during the day (based on 14 day Average True Range), to move between $24.44 and $26.26, which gives a possible trading interval of +/-$0.91 (+/-3.58%) 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 7.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.54 (3.20%) than the resistance at $27.59 (8.84%), 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 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.780 Hold/Accumulate Upgraded
Predicted Opening Price for Reality Shares Nasdaq NexGen Economy ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $25.41 ( 0.250%) | $25.35 |
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 | 25.90 | 2.18 % | |
| R2 | 25.72 | 1.44 % | ||
| R1 | 25.60 | 0.99 % | ||
| Current price: | 25.35 | |||
| Support | S1 | 25.23 | -0.489 % | |
| S2 | 25.11 | -0.94 % | ||
| S3 | 24.92 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.90 | 10.06 % | |
| R2 | 27.85 | 9.86 % | ||
| R1 | 27.59 | 8.84 % | ||
| Current price | 25.35 | |||
| Support | S1 | 24.54 | -3.20% | |
| S2 | 24.23 | -4.42% | ||
| S3 | 23.20 | -8.48% |
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
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