AGFiQ U.S. Market Neutral Anti-Beta ETF Forecast

Green day on Thursday for AGFiQ U.S. Market Neutral Anti-Beta ETF after gaining 0.528%
(Updated on Apr 25, 2024)

BTAL Signals & Forecast

The AGFiQ U.S. Market Neutral Anti-Beta ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $19.07. On a fall, the ETF will find some support from the long-term average at approximately $18.44. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, April 19, 2024, and so far it has fallen -1.19%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Tuesday, March 12, 2024 in the short-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 AGFiQ U.S. Market Neutral Anti-Beta ETF

AGFiQ U.S. Market Neutral Anti-Beta finds support from accumulated volume at $18.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.200 (1.05%) between high and low. For the last week, the ETF has had daily average volatility of 1.38%.

Our recommended stop-loss: $18.23 (-4.18%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (BTAL) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect AGFiQ U.S. Market Neutral Anti-Beta Fund to open at $19.05, and during the day (based on 14 day Average True Range), to move between $18.75 and $19.31, which gives a possible trading interval of +/-$0.281 (+/-1.48%) up or down from last closing price. If AGFiQ U.S. Market Neutral Anti-Beta Fund takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.13 (0.53%) than the support at $18.48 (2.89%), 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 AGFiQ U.S. Market Neutral Anti-Beta Fund ETF A Buy?

AGFiQ U.S. Market Neutral Anti-Beta 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: -0.644 Hold/Accumulate Unchanged

Predicted Opening Price for AGFiQ U.S. Market Neutral Anti-Beta Fund of Friday, April 26, 2024

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