Jpmorgan Sustainable Infrastructure Etf ETF Forecast

Jpmorgan Sustainable Infrastructure Etf ETF upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

BLLD Signals & Forecast

There are few to no technical positive signals at the moment. The Jpmorgan Sustainable Infrastructure Etf 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 $47.73 and $48.42. 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 -4.21%. 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). Jpmorgan Sustainable Infrastructure Etf 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. The ETF had a Golden Star Signal on Wednesday, June 28, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Jpmorgan Sustainable Infrastructure Etf ETF

Jpmorgan Sustainable Infrastructure Etf finds support from accumulated volume at $47.17 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0103%.

Our recommended stop-loss: $45.06 (-5.38%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (BLLD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Jpmorgan Sustainable Infrastructure Etf to open at $47.62, and during the day (based on 14 day Average True Range), to move between $47.29 and $47.96, which gives a possible trading interval of +/-$0.332 (+/-0.70%) up or down from last closing price. If Jpmorgan Sustainable Infrastructure Etf takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $47.95 (0.68%) than the support at $47.17 (0.95%), 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 Jpmorgan Sustainable Infrastructure Etf ETF A Buy?

Jpmorgan Sustainable Infrastructure Etf 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: -0.341 Hold/Accumulate Upgraded

Predicted Opening Price for Jpmorgan Sustainable Infrastructure Etf of Wednesday, June 26, 2024

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