Smartshares Automation and Robotics ETF Stock Forecast
Red day on Wednesday for Smartshares Automation and Robotics ETF stock after losing 0.495%
(Updated on Apr 17, 2024)
The Smartshares Automation and Robotics ETF stock price fell by -0.495% on the last day (Wednesday, 17th Apr 2024) from $5.06 to $5.03. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.741% from a day low at $5.00 to a day high of $5.03. The price has fallen in 7 of the last 10 days and is down by -3.42% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 5 thousand shares were bought and sold for approximately $26.34 thousand.
Given the current short-term trend, the stock is expected to rise 5.84% during the next 3 months and, with a 90% probability hold a price between $5.32 and $5.71 at the end of this 3-month period.
BOT.NZ Signals & Forecast
There are few to no technical positive signals at the moment. The Smartshares Automation and Robotics ETF stock 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 $5.08 and $5.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -5.86%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock 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 Smartshares Automation and Robotics ETF stock
Smartshares Automation and Robotics ETF finds support from accumulated volume at $5.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock 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 stock During the last day, the stock moved $0.0370 between high and low, or 0.741%. For the last week the stock has had daily average volatility of 0.82%
Smartshares Automation and Robotics ETF is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $4.74 (-5.71%) (This stock has low daily movements and this gives low risk. Low RSI14 is 17 which reduces the risk some. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (BOT.NZ) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Smartshares Automation and Robotics ETF to open at $5.02, and during the day (based on 14 day Average True Range), to move between $4.97 and $5.09, which gives a possible trading interval of +/-$0.0587 (+/-1.17%) up or down from last closing price. If Smartshares Automation and Robotics ETF takes out the full calculated possible swing range there will be an estimated 2.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.00 (0.52%) than the resistance at $5.10 (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Smartshares Automation and Robotics ETF stock A Buy?
Smartshares Automation and Robotics 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.
Current score: 0.123 Hold/Accumulate Unchanged
Predicted Opening Price for Smartshares Automation and Robotics ETF of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$5.02 ( 0.219%) | $5.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOT.NZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.06 | 0.517 % | |
R2 | 5.04 | 0.236 % | ||
R1 | 5.03 | 0.0623 % | ||
Current price: | 5.03 | |||
Support | S1 | 5.00 | -0.500 % | |
S2 | 5.00 | -0.673 % | ||
S3 | 4.98 | -0.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.25 | 4.45 % | |
R2 | 5.20 | 3.30 % | ||
R1 | 5.10 | 1.39 % | ||
Current price | 5.03 | |||
Support | S1 | 5.00 | -0.517% | |
S2 | 4.93 | -1.93% | ||
S3 | 4.90 | -2.58% |
BOT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 29, 2023 | Nov 29, 2023 | Dec 20, 2023 | $0.0749 | 1.58% |
FAQ
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