Alpha Architect 1-3 Month Box Etf ETF Forecast
Alpha Architect 1-3 Month Box Etf ETF upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Alpha Architect 1-3 Month Box Etf ETF price gained 0.0186% on the last trading day (Thursday, 27th Jun 2024), rising from $107.72 to $107.74. During the last trading day the ETF fluctuated 0.0557% from a day low at $107.72 to a day high of $107.78. The price has risen in 8 of the last 10 days and is up by 0.22% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 137 thousand more shares were traded than the day before. In total, 513 thousand shares were bought and sold for approximately $55.25 million.
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 Alpha Architect 1-3 Month Box Etf ETF with a 90% probability to be traded between $109.04 and $109.13 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.
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BOXX Signals & Forecast
The Alpha Architect 1-3 Month Box Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $107.71 and $107.40. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -0.0186%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Alpha Architect 1-3 Month Box Etf ETF
Alpha Architect 1-3 Month Box Etf finds support from accumulated volume at $107.47 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 $0.0600 between high and low, or 0.0557%. For the last week the ETF has had daily average volatility of 0.0444%.
The Alpha Architect 1-3 Month Box Etf ETF is extremely overbought on RSI14 (87). This increases the short-term risk substantially.
Our recommended stop-loss: $102.56 (-4.81%) (This ETF has low daily movements and this gives low risk. The RSI14 is 87 and this increases the risk substantially. There is a sell signal from a pivot top found 57 days ago.)
Trading Expectations (BOXX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Alpha Architect 1-3 Month Box Etf to open at $107.75, and during the day (based on 14 day Average True Range), to move between $107.69 and $107.79, which gives a possible trading interval of +/-$0.0471 (+/-0.04%) up or down from last closing price. If Alpha Architect 1-3 Month Box Etf takes out the full calculated possible swing range there will be an estimated 0.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $107.75 (0.01%) than the support at $107.47 (0.25%), 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 Alpha Architect 1-3 Month Box Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Alpha Architect 1-3 Month Box Etf ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.848 Buy Candidate Upgraded
Predicted Opening Price for Alpha Architect 1-3 Month Box Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $107.75 ( 0.0062%) | $107.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOXX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 107.81 | 0.0619% |
| R2 | 107.78 | 0.0406% |
| R1 | 107.77 | 0.0275% |
| Price | 107.74 | |
| S1 | 107.72 | -0.0151% |
| S2 | 107.71 | -0.0282% |
| S3 | 107.69 | -0.0495% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 107.76 | 0.0186% |
| R1 | 107.75 | 0.0093% |
| Price | 107.74 | |
| S1 | 107.47 | -0.251% |
| S2 | 107.12 | -0.575% |
| S3 | 106.88 | -0.798% |
FAQ
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