Global X S&P Catholic Values Developed ETF Forecast
Red day on Wednesday for Global X S&P Catholic Values Developed
(Updated on May 08, 2024)
The Global X S&P Catholic Values Developed ETF price fell by -0.0333% on the last day (Wednesday, 8th May 2024) from $31.26 to $31.25. During the last trading day the ETF fluctuated 0.90% from a day low at $31.13 to a day high of $31.41. The price has risen in 6 of the last 10 days and is up by 2.33% over the past 2 weeks. Volume has increased on the last day by 629 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, 695 shares were bought and sold for approximately $21.72 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 Global X S&P Catholic Values Developed ETF with a 90% probability to be traded between $30.58 and $32.43 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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CEFA Signals & Forecast
The Global X S&P Catholic Values Developed 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 $30.84 and $30.83. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.0333%. Further fall is indicated until a new bottom pivot has been found. Global X S&P Catholic Values Developed 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 Global X S&P Catholic Values Developed ETF
Global X S&P Catholic Values Developed finds support from accumulated volume at $31.07 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 $0.280 between high and low, or 0.90%. For the last week the ETF has had daily average volatility of 0.395%.
Our recommended stop-loss: $30.46 (-2.51%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CEFA) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Global X S&P Catholic Values Developed ex-U.S. ETF to open at $31.26, and during the day (based on 14 day Average True Range), to move between $31.02 and $31.48, which gives a possible trading interval of +/-$0.230 (+/-0.74%) up or down from last closing price. If Global X S&P Catholic Values Developed ex-U.S. ETF takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.28 (0.11%) than the support at $31.07 (0.59%), 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 Global X S&P Catholic Values Developed ex-U.S. ETF ETF A Buy?
Global X S&P Catholic Values Developed 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: 0.715 Hold/Accumulate Unchanged
Predicted Opening Price for Global X S&P Catholic Values Developed ex-U.S. ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $31.26 ( 0.0427%) | $31.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEFA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.54 | 0.94 % | |
| R2 | 31.44 | 0.596 % | ||
| R1 | 31.37 | 0.385 % | ||
| Current price: | 31.25 | |||
| Support | S1 | 31.16 | -0.300 % | |
| S2 | 31.09 | -0.511 % | ||
| S3 | 30.98 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.39 | 0.443 % | |
| R2 | 31.33 | 0.256 % | ||
| R1 | 31.28 | 0.109 % | ||
| Current price | 31.25 | |||
| Support | S1 | 31.07 | -0.590% | |
| S2 | 30.37 | -2.81% | ||
| S3 | 29.99 | -4.02% |
CEFA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.324 | 1.11% |
| 2 | Jun 28, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.370 | 1.32% |
| 3 | Dec 28, 2022 | Dec 29, 2022 | Jan 09, 2023 | $0.222 | 0.83% |
| 4 | Jun 28, 2022 | Jun 29, 2022 | Jul 08, 2022 | $0.384 | 1.56% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 07, 2022 | $0.770 | 2.43% |
FAQ
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