Capital Group Growth Etf ETF Forecast
Stronger technical forecast for Capital Group Growth Etf ETF price after Thursday trading.
(Updated on Jun 27, 2024)
The Capital Group Growth Etf ETF price gained 0.151% on the last trading day (Thursday, 27th Jun 2024), rising from $33.08 to $33.13. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.581% from a day low at $33.04 to a day high of $33.23. The price has been going up and down for this period, and there has been a 1.44% gain 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, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $101.41 million.
The ETF lies in the middle of a weak 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 5.21% during the next 3 months and, with a 90% probability hold a price between $32.92 and $35.43 at the end of this 3-month period.
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CGGR Signals & Forecast
Mostly positive signals in the chart today. The Capital Group Growth Etf 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 $32.95 and $32.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Monday, October 09, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, October 09, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Capital Group Growth Etf ETF
Capital Group Growth Etf finds support from accumulated volume at $31.97 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 $0.192 between high and low, or 0.581%. For the last week the ETF has had daily average volatility of 0.733%.
Our recommended stop-loss: $31.99 (-3.44%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (CGGR) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Capital Group Growth Etf to open at $33.13, and during the day (based on 14 day Average True Range), to move between $32.81 and $33.45, which gives a possible trading interval of +/-$0.321 (+/-0.97%) up or down from last closing price. If Capital Group Growth Etf takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $31.97, some $1.16 (3.50%) from the current price of $33.13, our system finds the risk reward attractive.
Is Capital Group Growth Etf ETF A Buy?
Capital Group Growth Etf holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.388 Strong Buy Candidate Upgraded
Predicted Opening Price for Capital Group Growth Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $33.13 ( 0.0079%) | $33.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGGR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.32 | 0.587% |
| R2 | 33.25 | 0.366% |
| R1 | 33.21 | 0.229% |
| Price | 33.13 | |
| S1 | 33.06 | -0.213% |
| S2 | 33.01 | -0.350% |
| S3 | 32.94 | -0.571% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 33.13 | |
| S1 | 31.97 | -3.50% |
| S2 | 30.87 | -6.82% |
| S3 | 30.55 | -7.79% |
CGGR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.0610 | 0.214% |
| 2 | Jun 28, 2023 | Jun 29, 2023 | Jul 03, 2023 | $0.0530 | 0.209% |
| 3 | Dec 22, 2022 | Dec 23, 2022 | Dec 28, 2022 | $0.0470 | 0.241% |
| 4 | Jun 28, 2022 | Jun 29, 2022 | Jul 01, 2022 | $0.0200 | 0.0994% |
FAQ
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