Themes Robotics & Automation Etf ETF Forecast
Green day on Tuesday for Themes Robotics & Automation Etf
(Updated on Jun 18, 2024)
The Themes Robotics & Automation Etf ETF price gained 0.331% on the last trading day (Tuesday, 18th Jun 2024), rising from $27.25 to $27.34. During the last trading day the ETF fluctuated 0.320% from a day low at $27.25 to a day high of $27.34. The price has been going up and down for this period, and there has been a 1.53% gain for the last 2 weeks. Volume fell on the last day by -58 shares and in total, 108 shares were bought and sold for approximately $2.95 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 ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Themes Robotics & Automation Etf ETF with a 90% probability to be traded between $26.73 and $27.48 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BOTT Signals & Forecast
The Themes Robotics & Automation Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $27.21 and $27.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.20%. 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. 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 from a double bottom formation was found on Friday, June 07, 2024 and based on theory for this formation the price should go up by 1.41% to $27.72 within 3 trading days since signal was issued (Thursday, June 20, 2024).
Support, Risk & Stop-loss for Themes Robotics & Automation Etf ETF
Themes Robotics & Automation Etf finds support from accumulated volume at $27.12 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 $0.0873 between high and low, or 0.320%. For the last week the ETF has had daily average volatility of 0.594%
Our recommended stop-loss: $25.96 (-5.04%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (BOTT) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Themes Robotics & Automation Etf to open at $27.31, and during the day (based on 14 day Average True Range), to move between $27.00 and $27.68, which gives a possible trading interval of +/-$0.339 (+/-1.24%) up or down from last closing price. If Themes Robotics & Automation Etf takes out the full calculated possible swing range there will be an estimated 2.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.37 (0.13%) than the support at $27.12 (0.81%), 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 Themes Robotics & Automation Etf ETF A Buy?
Themes Robotics & Automation 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Themes Robotics & Automation Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $27.31 ( 0.106%) | $27.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOTT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.40 | 0.213% |
| R2 | 27.36 | 0.0909% |
| R1 | 27.34 | 0.0155% |
| Price | 27.34 | |
| S1 | 27.27 | -0.228% |
| S2 | 27.25 | -0.304% |
| S3 | 27.22 | -0.426% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.63 | 1.07% |
| R2 | 27.45 | 0.407% |
| R1 | 27.37 | 0.125% |
| Price | 27.34 | |
| S1 | 27.12 | -0.81% |
| S2 | 27.07 | -0.97% |
| S3 | 27.01 | -1.18% |
FAQ
Click here for our free guide on how to buy Themes Robotics & Automation Etf ETF.
