GUGGENHEIM S&P GLOBAL WATER INDEX ETF Forecast
Red day on Tuesday for GUGGENHEIM S&P GLOBAL WATER INDEX
(Updated on Jun 25, 2024)
The GUGGENHEIM S&P GLOBAL WATER INDEX ETF price fell by -1.45% on the last day (Tuesday, 25th Jun 2024) from $56.71 to $55.89. During the last trading day the ETF fluctuated 1.40% from a day low at $55.79 to a day high of $56.57. The price has fallen in 5 of the last 10 days and is down by -0.36% 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 -6 thousand shares and in total, 21 thousand shares were bought and sold for approximately $1.16 million.
The ETF has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $56.20. A reaction back to this level may hold a second chance to get out before further falls.
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CGW Signals & Forecast
There are mixed signals in the ETF today. The GUGGENHEIM S&P GLOBAL WATER INDEX 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 $56.21 and $57.48. A break-up above any of these levels will issue buy signals. 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 buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.197%. 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).
Support, Risk & Stop-loss for GUGGENHEIM S&P GLOBAL WATER INDEX ETF
GUGGENHEIM S&P GLOBAL WATER INDEX finds support from accumulated volume at $54.08 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 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 $0.780 between high and low, or 1.40%. For the last week the ETF has had daily average volatility of 0.96%
Our recommended stop-loss: $52.48 (-6.11%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (CGW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect GUGGENHEIM S&P GLOBAL WATER INDEX ETF GUGGENHEIM S&P GLOBAL WATER INDEX ETF to open at $56.08, and during the day (based on 14 day Average True Range), to move between $55.22 and $56.56, which gives a possible trading interval of +/-$0.668 (+/-1.20%) up or down from last closing price. If GUGGENHEIM S&P GLOBAL WATER INDEX ETF GUGGENHEIM S&P GLOBAL WATER INDEX ETF takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.48 (2.84%) than the support at $54.08 (3.24%), 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 GUGGENHEIM S&P GLOBAL WATER INDEX ETF GUGGENHEIM S&P GLOBAL WATER INDEX ETF ETF A Buy?
GUGGENHEIM S&P GLOBAL WATER INDEX 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.
Current score: 0.438 Hold/Accumulate Unchanged
Predicted Opening Price for GUGGENHEIM S&P GLOBAL WATER INDEX ETF GUGGENHEIM S&P GLOBAL WATER INDEX ETF of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$56.08 ( 0.346%) | $55.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 56.86 | 1.74% |
R2 | 56.57 | 1.21% |
R1 | 56.38 | 0.88% |
Price | 55.89 | |
S1 | 55.79 | -0.187% |
S2 | 55.60 | -0.517% |
S3 | 55.30 | -1.05% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 59.71 | 6.83% |
R2 | 58.44 | 4.56% |
R1 | 57.48 | 2.84% |
Price | 55.89 | |
S1 | 54.08 | -3.24% |
S2 | 54.05 | -3.29% |
S3 | 53.36 | -4.53% |
CGW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.82 | 1.58% |
2 | Dec 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $0.677 | 1.45% |
3 | Dec 17, 2021 | Dec 20, 2021 | Dec 31, 2021 | $0.96 | 1.59% |
4 | Jan 24, 2020 | Dec 21, 2020 | Dec 31, 2020 | $0.660 | 1.41% |
5 | Jan 18, 2019 | Dec 23, 2019 | Dec 31, 2019 | $0.607 | 1.48% |
FAQ
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