Carbon Collective Climate Solutions U.s. ETF Forecast

Carbon Collective Climate Solutions U.s. ETF upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 17, 2024)

CCSO Signals & Forecast

Carbon Collective Climate Solutions U.s. 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Carbon Collective Climate Solutions U.s. ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.99 and $19.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -3.62%. 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 Carbon Collective Climate Solutions U.s. ETF

Carbon Collective Climate Solutions U.s. finds support from accumulated volume at $18.85 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 $0.210 between high and low, or 1.12%. For the last week the ETF has had daily average volatility of 0.698%.

Our recommended stop-loss: $17.84 (-5.69%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 40 days ago.)

Trading Expectations (CCSO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Carbon Collective Climate Solutions U.s. Equity Etf to open at $18.87, and during the day (based on 14 day Average True Range), to move between $18.65 and $19.19, which gives a possible trading interval of +/-$0.272 (+/-1.44%) up or down from last closing price. If Carbon Collective Climate Solutions U.s. Equity Etf takes out the full calculated possible swing range there will be an estimated 2.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $18.94 (0.11%) than the support at $18.85 (0.37%), 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 Carbon Collective Climate Solutions U.s. Equity Etf ETF A Buy?

Carbon Collective Climate Solutions U.s. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.241 Hold/Accumulate Upgraded

Predicted Opening Price for Carbon Collective Climate Solutions U.s. Equity Etf of Tuesday, June 18, 2024

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