Ionic Inflation Protection ETF Forecast

Ionic Inflation Protection ETF price ended at $19.58 on Monday, after losing 0%.
(Updated on May 20, 2024)

CPII Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 0.205%. 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 Ionic Inflation Protection 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 $19.60 and $19.78. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, July 21, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Ionic Inflation Protection ETF

Ionic Inflation Protection finds support from accumulated volume at $19.57 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0511%

Ionic Inflation Protection is oversold on RSI14 (17). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $18.28 (-6.64%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (CPII) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Ionic Inflation Protection ETF to open at $19.58, and during the day (based on 14 day Average True Range), to move between $19.53 and $19.63, which gives a possible trading interval of +/-$0.0482 (+/-0.25%) up or down from last closing price. If Ionic Inflation Protection ETF takes out the full calculated possible swing range there will be an estimated 0.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.57 (0.05%) than the resistance at $19.67 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ionic Inflation Protection ETF ETF A Buy?

Ionic Inflation Protection holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Ionic Inflation Protection ETF of Tuesday, May 21, 2024

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