Capital Group U.s. Multi-sector Income 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
Stronger technical forecast for Capital Group U.s. Multi-sector Income ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Capital Group U.s. Multi-sector Income ETF price fell by -0.222% on the last day (Friday, 28th Jun 2024) from $26.98 to $26.92. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.632% from a day low at $26.90 to a day high of $27.07. The price has fallen in 6 of the last 10 days and is down by -0.81% 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 -685 thousand shares and in total, 253 thousand shares were bought and sold for approximately $6.81 million.
Given the current horizontal trend, you can expect Capital Group U.s. Multi-sector Income ETF with a 90% probability to be traded between $27.07 and $27.35 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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CGMS Signals & Forecast
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. The Capital Group U.s. Multi-sector Income ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $27.06 and $27.02. 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 -0.85%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Capital Group U.s. Multi-sector Income ETF
Capital Group U.s. Multi-sector Income finds support from accumulated volume at $26.91 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 $0.170 between high and low, or 0.632%. For the last week the ETF has had daily average volatility of 0.230%.
Our recommended stop-loss: $25.78 (-4.22%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (CGMS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Capital Group U.s. Multi-sector Income Etf to open at $26.96, and during the day (based on 14 day Average True Range), to move between $26.82 and $27.02, which gives a possible trading interval of +/-$0.0955 (+/-0.35%) up or down from last closing price. If Capital Group U.s. Multi-sector Income Etf takes out the full calculated possible swing range there will be an estimated 0.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.91 (0.04%) than the resistance at $26.98 (0.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Capital Group U.s. Multi-sector Income Etf ETF A Buy?
Capital Group U.s. Multi-sector Income holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.625 Hold/Accumulate Upgraded
Predicted Opening Price for Capital Group U.s. Multi-sector Income Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $26.96 ( 0.161%) | $26.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGMS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.13 | 0.792% |
| R2 | 27.07 | 0.551% |
| R1 | 27.03 | 0.402% |
| Price | 26.92 | |
| S1 | 26.90 | -0.0803% |
| S2 | 26.86 | -0.229% |
| S3 | 26.79 | -0.471% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.14 | 0.82% |
| R2 | 27.06 | 0.520% |
| R1 | 26.98 | 0.223% |
| Price | 26.92 | |
| S1 | 26.91 | -0.0371% |
| S2 | 26.85 | -0.260% |
| S3 | 0 | - |
CGMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 30, 2024 | May 02, 2024 | $0.138 | 0.514% |
| 2 | Mar 26, 2024 | Mar 27, 2024 | Apr 01, 2024 | $0.127 | 0.473% |
| 3 | Feb 28, 2024 | Feb 29, 2024 | Mar 04, 2024 | $0.128 | 0.475% |
| 4 | Jan 30, 2024 | Jan 31, 2024 | Feb 02, 2024 | $0.136 | 0.503% |
| 5 | Dec 27, 2023 | Dec 28, 2023 | Jan 02, 2024 | $0.172 | 0.641% |
FAQ
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