Ab Conservative Buffer Etf ETF Forecast
Green day on Monday for Ab Conservative Buffer Etf ETF after gaining 0.320%
(Updated on Jun 17, 2024)
The Ab Conservative Buffer Etf ETF price gained 0.320% on the last trading day (Monday, 17th Jun 2024), rising from $37.34 to $37.46. During the last trading day the ETF fluctuated 0.509% from a day low at $37.32 to a day high of $37.51. The price has risen in 7 of the last 10 days and is up by 1.24% 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, 8 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $730.27 thousand.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $37.48 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 3.05% during the next 3 months and, with a 90% probability hold a price between $37.75 and $38.62 at the end of this 3-month period.
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BUFC Signals & Forecast
The Ab Conservative Buffer 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 $37.31 and $36.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 3.85%. Further rise is indicated until a new top pivot has been found. Ab Conservative Buffer Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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). The ETF had a Golden Star Signal on Friday, May 03, 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.
Golden Star
The ETF had a Golden Star Signal on Friday, May 03, 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.
A buy signal from a double bottom formation was found on Wednesday, May 01, 2024 with a target of $36.34. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for Ab Conservative Buffer Etf ETF
Ab Conservative Buffer Etf finds support from accumulated volume at $37.07 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 $0.190 between high and low, or 0.509%. For the last week the ETF has had daily average volatility of 0.406%.
Our recommended stop-loss: $35.95 (-4.04%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (BUFC) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Ab Conservative Buffer Etf to open at $37.43, and during the day (based on 14 day Average True Range), to move between $37.30 and $37.62, which gives a possible trading interval of +/-$0.161 (+/-0.43%) up or down from last closing price. If Ab Conservative Buffer Etf takes out the full calculated possible swing range there will be an estimated 0.86% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $37.07, some $0.389 (1.04%) from the current price of $37.46, our system finds the risk reward attractive.
Is Ab Conservative Buffer Etf ETF A Buy?
Ab Conservative Buffer 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 Ab Conservative Buffer Etf of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $37.43 ( 0.0790%) | $37.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BUFC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.62 | 0.428% |
| R2 | 37.55 | 0.234% |
| R1 | 37.50 | 0.115% |
| Price | 37.46 | |
| S1 | 37.36 | -0.273% |
| S2 | 37.31 | -0.392% |
| S3 | 37.24 | -0.586% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 37.46 | |
| S1 | 37.07 | -1.04% |
| S2 | 36.47 | -2.64% |
| S3 | 36.40 | -2.82% |
FAQ
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