Capital Group Short Duration Income Etf ETF Forecast
Stronger technical forecast for Capital Group Short Duration Income Etf ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Capital Group Short Duration Income Etf ETF price gained 0.0788% on the last trading day (Friday, 28th Jun 2024), rising from $25.39 to $25.41. During the last trading day the ETF fluctuated 0.158% from a day low at $25.39 to a day high of $25.43. The price has risen in 6 of the last 10 days but is still down by -0.2% for this period. Volume fell on the last day by -30 thousand shares and in total, 294 thousand shares were bought and sold for approximately $7.47 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $25.39 will give a strong sell signal and a trend shift may 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 $25.47 and $25.56 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 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 $25.45 and $25.42. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.0788%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for Capital Group Short Duration Income Etf ETF
Capital Group Short Duration Income Etf finds support from accumulated volume at $25.39 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 $0.0400 between high and low, or 0.158%. For the last week the ETF has had daily average volatility of 0.224%.
Our recommended stop-loss: $23.60 (-7.11%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CGSD) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Capital Group Short Duration Income Etf to open at $25.41, and during the day (based on 14 day Average True Range), to move between $25.34 and $25.48, which gives a possible trading interval of +/-$0.0671 (+/-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 0.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.43 (0.08%) than the support at $25.39 (0.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Capital Group Short Duration Income Etf ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 2.910 Buy Candidate Upgraded
Predicted Opening Price for Capital Group Short Duration Income Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$25.41 ( 0%) | $25.41 |
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 | 25.45 | 0.157% |
R2 | 25.43 | 0.0973% |
R1 | 25.43 | 0.0601% |
Price | 25.41 | |
S1 | 25.39 | -0.0601% |
S2 | 25.39 | -0.0973% |
S3 | 25.37 | -0.157% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.47 | 0.236% |
R2 | 25.46 | 0.197% |
R1 | 25.43 | 0.0787% |
Price | 25.41 | |
S1 | 25.39 | -0.0787% |
S2 | 25.38 | -0.118% |
S3 | 25.36 | -0.197% |
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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