Capital Group Dividend Growers 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
Capital Group Dividend Growers ETF price ended at $28.45 on Friday, after losing 0.594%.
(Updated on Jun 28, 2024)
The Capital Group Dividend Growers ETF price fell by -0.594% on the last day (Friday, 28th Jun 2024) from $28.62 to $28.45. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.670% from a day low at $28.37 to a day high of $28.56. The price has fallen in 7 of the last 10 days and is down by -1.32% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -848 thousand shares and in total, 172 thousand shares were bought and sold for approximately $4.90 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 $28.40 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Capital Group Dividend Growers ETF with a 90% probability to be traded between $28.31 and $28.85 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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CGDG Signals & Forecast
There are few to no technical positive signals at the moment. The Capital Group Dividend Growers 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 $28.70 and $28.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.79%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Tuesday, June 18, 2024 with a target of $28.49. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.
Support, Risk & Stop-loss for Capital Group Dividend Growers ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.190 between high and low, or 0.670%. For the last week the ETF has had daily average volatility of 0.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGDG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Capital Group Dividend Growers to open at $28.46, and during the day (based on 14 day Average True Range), to move between $28.18 and $28.72, which gives a possible trading interval of +/-$0.265 (+/-0.93%) up or down from last closing price. If Capital Group Dividend Growers takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $28.62, some $0.170 (0.60%) from the current price of $28.45, our system finds the risk reward not very attractive.
Is Capital Group Dividend Growers ETF A Buy?
Capital Group Dividend Growers 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.
Current score: -3.297 Sell Candidate Unchanged
Predicted Opening Price for Capital Group Dividend Growers of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $28.46 ( 0.0350%) | $28.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGDG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.65 | 0.703% |
| R2 | 28.58 | 0.448% |
| R1 | 28.53 | 0.290% |
| Price | 28.45 | |
| S1 | 28.39 | -0.220% |
| S2 | 28.34 | -0.378% |
| S3 | 28.27 | -0.633% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.97 | 1.83% |
| R2 | 28.91 | 1.62% |
| R1 | 28.62 | 0.598% |
| Price | 28.45 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CGDG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 28, 2024 | Apr 02, 2024 | $0.111 | 0.392% |
| 2 | Dec 26, 2023 | Dec 27, 2023 | Dec 29, 2023 | $0.107 | 0.392% |
FAQ
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