Capital Group Short Duration Income Etf ETF Forecast
Capital Group Short Duration Income Etf ETF downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)
No changes to the price of Capital Group Short Duration Income Etf ETF on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the ETF fluctuated 0.295% from a day low at $25.43 to a day high of $25.51. The price has risen in 6 of the last 10 days and is up by 0.16% over the past 2 weeks.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $25.48 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Capital Group Short Duration Income Etf ETF with a 90% probability to be traded between $25.52 and $25.59 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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CGSD Signals & Forecast
The Capital Group Short Duration Income 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 $25.46 and $25.43. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the ETF should be watched closely. 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, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Capital Group Short Duration Income Etf ETF
Capital Group Short Duration Income Etf finds support from accumulated volume at $25.46 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 $0.0751 between high and low, or 0.295%. For the last week the ETF has had daily average volatility of 0.271%.
Our recommended stop-loss: $24.04 (-5.64%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (CGSD) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Capital Group Short Duration Income Etf to open at $25.47, and during the day (based on 14 day Average True Range), to move between $25.41 and $25.55, which gives a possible trading interval of +/-$0.0668 (+/-0.26%) up or down from last closing price. If Capital Group Short Duration Income Etf takes out the full calculated possible swing range there will be an estimated 0.52% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $25.46, some $0.0200 (0.08%) from the current price of $25.48, our system finds the risk reward attractive.
Is Capital Group Short Duration Income Etf ETF A Buy?
Capital Group Short Duration Income Etf 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.590 Hold/Accumulate Downgraded
Predicted Opening Price for Capital Group Short Duration Income Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $25.47 ( 0.0198%) | $25.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.55 | 0.275% |
| R2 | 25.52 | 0.162% |
| R1 | 25.50 | 0.0928% |
| Price | 25.48 | |
| S1 | 25.45 | -0.132% |
| S2 | 25.43 | -0.202% |
| S3 | 25.40 | -0.314% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 25.48 | |
| S1 | 25.46 | -0.0785% |
| S2 | 25.43 | -0.196% |
| S3 | 25.38 | -0.392% |
CGSD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 30, 2024 | May 02, 2024 | $0.109 | 0.430% |
| 2 | Mar 26, 2024 | Mar 27, 2024 | Apr 01, 2024 | $0.0896 | 0.353% |
| 3 | Feb 28, 2024 | Feb 29, 2024 | Mar 04, 2024 | $0.0885 | 0.349% |
| 4 | Jan 30, 2024 | Jan 31, 2024 | Feb 02, 2024 | $0.0708 | 0.278% |
| 5 | Dec 27, 2023 | Dec 28, 2023 | Jan 02, 2024 | $0.129 | 0.508% |
FAQ
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