Carbon Collective Climate Solutions U.s. ETF Forecast
Evaluation of Carbon Collective Climate Solutions U.s. ETF downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Carbon Collective Climate Solutions U.s. ETF price fell by -0.96% on the last day (Tuesday, 25th Jun 2024) from $18.81 to $18.63. During the last trading day the ETF fluctuated 0.647% from a day low at $18.55 to a day high of $18.67. The price has fallen in 7 of the last 10 days and is down by -2.41% for this period. Volume has increased on the last day by 5 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, 5 thousand shares were bought and sold for approximately $90.30 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Carbon Collective Climate Solutions U.s. ETF with a 90% probability to be traded between $18.44 and $19.96 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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CCSO Signals & Forecast
There are few to no technical positive signals at the moment. 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 $18.77 and $19.19. 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 -5.09%. 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). Carbon Collective Climate Solutions U.s. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Carbon Collective Climate Solutions U.s. ETF
Carbon Collective Climate Solutions U.s. finds support from accumulated volume at $18.29 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 $0.120 between high and low, or 0.647%. For the last week the ETF has had daily average volatility of 0.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CCSO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Carbon Collective Climate Solutions U.s. Equity Etf to open at $18.62, and during the day (based on 14 day Average True Range), to move between $18.37 and $18.89, which gives a possible trading interval of +/-$0.258 (+/-1.38%) 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 2.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.68 (0.24%) than the support at $18.29 (1.83%), 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 is within a 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 Hold/Accumulate to a Sell candidate.
Current score: -1.665 Sell Candidate Downgraded
Predicted Opening Price for Carbon Collective Climate Solutions U.s. Equity Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $18.62 ( 0.0716%) | $18.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCSO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.74 | 0.573% |
| R2 | 18.69 | 0.326% |
| R1 | 18.66 | 0.174% |
| Price | 18.63 | |
| S1 | 18.57 | -0.318% |
| S2 | 18.54 | -0.470% |
| S3 | 18.50 | -0.716% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.25 | 3.33% |
| R2 | 18.94 | 1.66% |
| R1 | 18.68 | 0.243% |
| Price | 18.63 | |
| S1 | 18.29 | -1.83% |
| S2 | 18.17 | -2.47% |
| S3 | 18.05 | -3.11% |
CCSO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.157 | 0.800% |
| 2 | Dec 23, 2022 | Dec 27, 2022 | Dec 30, 2022 | $0.0416 | 0.241% |
FAQ
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