Smartshares Automation and Robotics ETF Stock Forecast
Green day on Tuesday for Smartshares Automation and Robotics ETF
(Updated on Apr 30, 2024)
The Smartshares Automation and Robotics ETF stock price gained 0.0202% on the last trading day (Tuesday, 30th Apr 2024), rising from $4.96 to $4.96. During the last trading day the stock fluctuated 0.568% from a day low at $4.93 to a day high of $4.96. The price has fallen in 7 of the last 10 days and is down by -2% for this period. Volume fell on the last day by -7 thousand shares and in total, 8 thousand shares were bought and sold for approximately $41.89 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $4.86 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Smartshares Automation and Robotics ETF stock with a 90% probability to be traded between $4.89 and $5.38 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BOT.NZ Signals & Forecast
There are mixed signals in the stock today. The Smartshares Automation and Robotics ETF stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.12. On a fall, the stock will find some support from the short-term average at $4.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 1.98%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Smartshares Automation and Robotics ETF stock
Smartshares Automation and Robotics ETF finds support from accumulated volume at $4.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0280 between high and low, or 0.568%. For the last week the stock has had daily average volatility of 0.684%.
Our recommended stop-loss: $4.69 (-5.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (BOT.NZ) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Smartshares Automation and Robotics ETF to open at $4.95, and during the day (based on 14 day Average True Range), to move between $4.89 and $5.02, which gives a possible trading interval of +/-$0.0630 (+/-1.27%) 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 2.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.93 (0.46%) than the resistance at $5.10 (2.91%), 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 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: 0.112 Hold/Accumulate Unchanged
Predicted Opening Price for Smartshares Automation and Robotics ETF of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $4.95 ( 0.188%) | $4.96 |
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 | 4.97 | 0.377 % | |
| R2 | 4.96 | 0.161 % | ||
| R1 | 4.96 | 0.0275 % | ||
| Current price: | 4.96 | |||
| Support | S1 | 4.94 | -0.404 % | |
| S2 | 4.93 | -0.537 % | ||
| S3 | 4.92 | -0.753 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.25 | 6.01 % | |
| R2 | 5.20 | 4.84 % | ||
| R1 | 5.10 | 2.91 % | ||
| Current price | 4.96 | |||
| Support | S1 | 4.93 | -0.464% | |
| S2 | 4.91 | -0.93% | ||
| S3 | 4.90 | -1.13% |
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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