Strive Enhanced Income Short Maturity ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Strive Enhanced Income Short Maturity ETF downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Strive Enhanced Income Short Maturity ETF price fell by -0.247% on the last day (Thursday, 27th Jun 2024) from $20.28 to $20.23. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.545% from a day low at $20.20 to a day high of $20.31. The price has risen in 4 of the last 10 days but is still down by -0.2% for this period. Volume has increased on the last day by 80 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 208 thousand shares were bought and sold for approximately $4.20 million.
The ETF is at the lower part of a narrow 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 $20.22 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Strive Enhanced Income Short Maturity ETF with a 90% probability to be traded between $20.25 and $20.35 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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BUXX Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Strive Enhanced Income Short Maturity ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $20.29 and $20.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.443%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Strive Enhanced Income Short Maturity ETF
Strive Enhanced Income Short Maturity finds support from accumulated volume at $20.22 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 $0.110 between high and low, or 0.545%. For the last week the ETF has had daily average volatility of 0.257%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BUXX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Strive Enhanced Income Short Maturity Etf to open at $20.25, and during the day (based on 14 day Average True Range), to move between $20.15 and $20.31, which gives a possible trading interval of +/-$0.0826 (+/-0.41%) up or down from last closing price. If Strive Enhanced Income Short Maturity Etf takes out the full calculated possible swing range there will be an estimated 0.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.22 (0.05%) than the resistance at $20.29 (0.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Strive Enhanced Income Short Maturity Etf ETF A Buy?
Strive Enhanced Income Short Maturity holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -1.919 Sell Candidate Downgraded
Predicted Opening Price for Strive Enhanced Income Short Maturity Etf of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$20.25 ( 0.0824%) | $20.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BUXX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.36 | 0.626% |
R2 | 20.31 | 0.418% |
R1 | 20.29 | 0.290% |
Price | 20.23 | |
S1 | 20.20 | -0.125% |
S2 | 20.18 | -0.254% |
S3 | 20.14 | -0.461% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.31 | 0.395% |
R2 | 20.30 | 0.346% |
R1 | 20.29 | 0.297% |
Price | 20.23 | |
S1 | 20.22 | -0.0494% |
S2 | 20.20 | -0.148% |
S3 | 0 | - |
BUXX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Apr 26, 2024 | Apr 30, 2024 | $0.0909 | 0.450% |
2 | Feb 06, 2024 | Mar 26, 2024 | Mar 28, 2024 | $0.0934 | 0.462% |
3 | Feb 06, 2024 | Feb 27, 2024 | Feb 29, 2024 | $0.0903 | 0.446% |
4 | Jan 26, 2024 | Jan 29, 2024 | Jan 31, 2024 | $0.0729 | 0.360% |
5 | Dec 19, 2023 | Dec 20, 2023 | Dec 22, 2023 | $0.120 | 0.597% |
FAQ
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