Sprott Junior Copper Miners Etf ETF Forecast
Sprott Junior Copper Miners Etf ETF price ended at $21.22 on Monday, after losing 0.89%.
(Updated on Jun 17, 2024)
The Sprott Junior Copper Miners Etf ETF price fell by -0.89% on the last day (Monday, 17th Jun 2024) from $21.41 to $21.22. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 2.15% from a day low at $20.90 to a day high of $21.35. The price has fallen in 6 of the last 10 days and is down by -8.34% for this period. Volume has increased on the last day by 18 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 25 thousand shares were bought and sold for approximately $522.86 thousand.
Given the current short-term trend, the ETF is expected to rise 9.95% during the next 3 months and, with a 90% probability hold a price between $23.33 and $29.48 at the end of this 3-month period.
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COPJ Signals & Forecast
There are few to no technical positive signals at the moment. The Sprott Junior Copper Miners Etf 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 $21.81 and $23.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -18.63%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Sprott Junior Copper Miners Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Sprott Junior Copper Miners Etf ETF
Sprott Junior Copper Miners Etf finds support from accumulated volume at $21.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.450 between high and low, or 2.15%. For the last week, the ETF has had daily average volatility of 1.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COPJ) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Sprott Junior Copper Miners Etf to open at $21.16, and during the day (based on 14 day Average True Range), to move between $20.56 and $21.88, which gives a possible trading interval of +/-$0.660 (+/-3.11%) up or down from last closing price. If Sprott Junior Copper Miners Etf takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.17 (0.24%) than the resistance at $22.19 (4.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sprott Junior Copper Miners Etf ETF A Buy?
The Sprott Junior Copper Miners Etf ETF holds several negative signals and despite the positive trend, we believe Sprott Junior Copper Miners Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.787 Sell Candidate Unchanged
Predicted Opening Price for Sprott Junior Copper Miners Etf of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $21.16 ( 0.298%) | $21.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COPJ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.61 | 1.82% |
| R2 | 21.43 | 1.01% |
| R1 | 21.33 | 0.512% |
| Price | 21.22 | |
| S1 | 20.98 | -1.11% |
| S2 | 20.88 | -1.61% |
| S3 | 20.71 | -2.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.08 | 22.90% |
| R2 | 23.98 | 13.01% |
| R1 | 22.19 | 4.57% |
| Price | 21.22 | |
| S1 | 21.17 | -0.236% |
| S2 | 21.03 | -0.90% |
| S3 | 20.74 | -2.26% |
COPJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 13, 2023 | Dec 14, 2023 | Dec 21, 2023 | $0.456 | 2.47% |
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