Amplify Cash Flow Dividend Leaders Etf ETF Forecast

Green day on Monday for Amplify Cash Flow Dividend Leaders Etf ETF after gaining 0.723%
(Updated on Jun 17, 2024)

COWS Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.723%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amplify Cash Flow Dividend Leaders 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 $28.13 and $28.45. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Amplify Cash Flow Dividend Leaders Etf ETF

Amplify Cash Flow Dividend Leaders Etf finds support from accumulated volume at $27.79 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 $0.321 between high and low, or 1.16%. For the last week the ETF has had daily average volatility of 0.94%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (COWS) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Amplify Cash Flow Dividend Leaders Etf to open at $27.80, and during the day (based on 14 day Average True Range), to move between $27.60 and $28.22, which gives a possible trading interval of +/-$0.314 (+/-1.12%) up or down from last closing price. If Amplify Cash Flow Dividend Leaders Etf takes out the full calculated possible swing range there will be an estimated 2.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.79 (0.43%) than the resistance at $29.02 (3.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Amplify Cash Flow Dividend Leaders Etf ETF A Buy?

Amplify Cash Flow Dividend Leaders Etf holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -2.624 Sell Candidate Unchanged

Predicted Opening Price for Amplify Cash Flow Dividend Leaders Etf of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.