Capital Group International Equ ETF Forecast
Red day on Friday for Capital Group International Equ
(Updated on Jun 28, 2024)
The Capital Group International Equ ETF price fell by -1.11% on the last day (Friday, 28th Jun 2024) from $28.97 to $28.65. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.419% from a day low at $28.59 to a day high of $28.71. The price has been going up and down for this period, and there has been a -2.16% loss for the last 2 weeks. 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 -29 thousand shares and in total, 18 thousand shares were bought and sold for approximately $508.87 thousand.
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 $28.54 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Capital Group International Equ ETF with a 90% probability to be traded between $28.15 and $29.13 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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CGIE Signals & Forecast
There are few to no technical positive signals at the moment. The Capital Group International Equ 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 $29.02 and $29.24. 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 25, 2024, and so far it has fallen -1.92%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
A sell signal from a double top formation was found on Wednesday, June 12, 2024 with a target of $29.38. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.
Support, Risk & Stop-loss for Capital Group International Equ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.120 between high and low, or 0.419%. For the last week the ETF has had daily average volatility of 0.545%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGIE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Capital Group International Equ to open at $28.65, and during the day (based on 14 day Average True Range), to move between $28.38 and $28.91, which gives a possible trading interval of +/-$0.264 (+/-0.92%) up or down from last closing price. If Capital Group International Equ takes out the full calculated possible swing range there will be an estimated 1.84% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $29.05, some $0.402 (1.40%) from the current price of $28.65, our system finds the risk reward not very attractive.
Is Capital Group International Equ ETF A Buy?
Capital Group International Equ 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: -3.056 Sell Candidate Unchanged
Predicted Opening Price for Capital Group International Equ of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $28.65 ( 0.0052%) | $28.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGIE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.77 | 0.424% |
| R2 | 28.72 | 0.264% |
| R1 | 28.70 | 0.165% |
| Price | 28.65 | |
| S1 | 28.60 | -0.155% |
| S2 | 28.58 | -0.253% |
| S3 | 28.53 | -0.413% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.24 | 2.08% |
| R2 | 29.08 | 1.51% |
| R1 | 29.05 | 1.40% |
| Price | 28.65 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CGIE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Dec 27, 2023 | Dec 29, 2023 | $0.0527 | 0.191% |
FAQ
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