PROSHARES ULTRASHORT MSCI BRAZIL CAPPED 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:
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
PROSHARES ULTRASHORT MSCI BRAZIL CAPPED ETF price ended at $15.00 on Friday, after gaining 3.36%.
(Updated on Jun 28, 2024)
The PROSHARES ULTRASHORT MSCI BRAZIL CAPPED ETF price gained 3.36% on the last trading day (Friday, 28th Jun 2024), rising from $14.51 to $15.00. During the last trading day the ETF fluctuated 2.84% from a day low at $14.74 to a day high of $15.16. The price has been going up and down for this period, and there has been a -0.27% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $124.93 thousand.
The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 28.31% during the next 3 months and, with a 90% probability hold a price between $17.20 and $20.38 at the end of this 3-month period.
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BZQ Signals & Forecast
The PROSHARES ULTRASHORT MSCI BRAZIL CAPPED 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 $14.86 and $13.70. A breakdown below any of these levels will issue sell signals. PROSHARES ULTRASHORT MSCI BRAZIL CAPPED 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. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -2.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PROSHARES ULTRASHORT MSCI BRAZIL CAPPED ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $12.07 and $11.88. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, PROSHARES ULTRASHORT MSCI BRAZIL CAPPED finds support just below today's level at $12.07. If this is broken, then the next support from accumulated volume will be at $11.88 and $11.75.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.419 between high and low, or 2.84%. For the last week, the ETF has had daily average volatility of 1.99%.
Our recommended stop-loss: $14.28 (-4.77%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (BZQ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect PROSHARES ULTRASHORT MSCI BRAZIL CAPPED PROSHARES ULTRASHORT MSCI BRAZIL CAPPED to open at $14.97, and during the day (based on 14 day Average True Range), to move between $14.53 and $15.47, which gives a possible trading interval of +/-$0.470 (+/-3.14%) up or down from last closing price. If PROSHARES ULTRASHORT MSCI BRAZIL CAPPED PROSHARES ULTRASHORT MSCI BRAZIL CAPPED takes out the full calculated possible swing range there will be an estimated 6.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.01 (0.09%) than the support at $12.07 (19.53%), 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 PROSHARES ULTRASHORT MSCI BRAZIL CAPPED PROSHARES ULTRASHORT MSCI BRAZIL CAPPED ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PROSHARES ULTRASHORT MSCI BRAZIL CAPPED ETF to perform well in the short-term.
Current score: 2.145 Buy Candidate Unchanged
Predicted Opening Price for PROSHARES ULTRASHORT MSCI BRAZIL CAPPED PROSHARES ULTRASHORT MSCI BRAZIL CAPPED of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$14.97 ( 0.224%) | $15.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BZQ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.38 | 2.57% |
R2 | 15.22 | 1.50% |
R1 | 15.13 | 0.84% |
Price | 15.00 | |
S1 | 14.81 | -1.29% |
S2 | 14.71 | -1.95% |
S3 | 14.55 | -3.01% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.18 | 1.20% |
R2 | 15.12 | 0.797% |
R1 | 15.01 | 0.0893% |
Price | 15.00 | |
S1 | 12.07 | -19.53% |
S2 | 11.88 | -20.77% |
S3 | 11.75 | -21.64% |
BZQ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Mar 20, 2024 | Mar 27, 2024 | $0.0755 | 0.659% |
2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.125 | 1.17% |
3 | Jan 09, 2023 | Sep 20, 2023 | Sep 27, 2023 | $0.113 | 0.755% |
4 | Jan 09, 2023 | Jun 21, 2023 | Jun 28, 2023 | $0.116 | 0.84% |
5 | Jan 09, 2023 | Mar 22, 2023 | Mar 29, 2023 | $0.0980 | 0.475% |
FAQ
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