Capital Group International Focus Equity ETF Forecast
Green day on Thursday for Capital Group International Focus Equity ETF after gaining 0.270%
(Updated on Jun 27, 2024)
The Capital Group International Focus Equity ETF price gained 0.270% on the last trading day (Thursday, 27th Jun 2024), rising from $25.89 to $25.96. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.541% from a day low at $25.87 to a day high of $26.01. The price has risen in 7 of the last 10 days but is still down by -0.65% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 135 thousand more shares were traded than the day before. In total, 414 thousand shares were bought and sold for approximately $10.74 million.
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 $26.03 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Capital Group International Focus Equity ETF with a 90% probability to be traded between $24.95 and $25.52 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CGXU Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.29%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Capital Group International Focus Equity ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $25.99. On a fall, the ETF will find some support from the short-term average at $25.82. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Capital Group International Focus Equity ETF
Capital Group International Focus Equity finds support from accumulated volume at $25.91 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 $0.140 between high and low, or 0.541%. For the last week the ETF has had daily average volatility of 0.599%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGXU) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Capital Group International Focus Equity Etf to open at $25.95, and during the day (based on 14 day Average True Range), to move between $25.71 and $26.21, which gives a possible trading interval of +/-$0.250 (+/-0.96%) up or down from last closing price. If Capital Group International Focus Equity Etf takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.91 (0.19%) than the resistance at $26.13 (0.65%), 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 International Focus Equity Etf ETF A Buy?
Capital Group International Focus Equity holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.562 Sell Candidate Unchanged
Predicted Opening Price for Capital Group International Focus Equity Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $25.95 ( 0.0515%) | $25.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGXU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.09 | 0.487% |
| R2 | 26.03 | 0.282% |
| R1 | 26.00 | 0.154% |
| Price | 25.96 | |
| S1 | 25.89 | -0.257% |
| S2 | 25.86 | -0.385% |
| S3 | 25.81 | -0.590% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.35 | 1.50% |
| R2 | 26.19 | 0.89% |
| R1 | 26.13 | 0.655% |
| Price | 25.96 | |
| S1 | 25.91 | -0.193% |
| S2 | 25.85 | -0.424% |
| S3 | 25.74 | -0.85% |
CGXU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Dec 27, 2023 | Dec 29, 2023 | $0.0963 | 0.403% |
| 2 | Jun 28, 2023 | Jun 29, 2023 | Jul 03, 2023 | $0.141 | 0.600% |
| 3 | Dec 22, 2022 | Dec 23, 2022 | Dec 28, 2022 | $0.122 | 0.587% |
| 4 | Jun 28, 2022 | Jun 29, 2022 | Jul 01, 2022 | $0.0771 | 0.374% |
FAQ
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