CoreShares S&P 500 Exchange Traded Fund Stock Forecast
CoreShares S&P 500 Exchange Traded Fund stock price up 0.599% on Friday
(Updated on May 10, 2024)
The CoreShares S&P 500 Exchange Traded Fund stock price gained 0.599% on the last trading day (Friday, 10th May 2024), rising from $9,680.00 to $9,738.00. During the last trading day the stock fluctuated 1.87% from a day low at $9,668.00 to a day high of $9,849.00. The price has risen in 7 of the last 10 days and is up by 1.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately $327.13 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CoreShares S&P 500 Exchange Traded Fund stock with a 90% probability to be traded between $9,417.80 and $10,031.94 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CSP500.JO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.93%. 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). 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 CoreShares S&P 500 Exchange Traded Fund stock 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $9,770.46. On a fall, the stock will find some support from the short-term average at $9,620.14. 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.
Support, Risk & Stop-loss for CoreShares S&P 500 Exchange Traded Fund stock
CoreShares S&P 500 Exchange Traded Fund finds support from accumulated volume at $9,676.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $181.00 between high and low, or 1.87%. For the last week the stock has had daily average volatility of 1.02%.
Our recommended stop-loss: $9,243.29 (-5.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CSP500.JO) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect CoreShares S&P 500 Exchange Traded Fund to open at $9,751.67, and during the day (based on 14 day Average True Range), to move between $9,586.74 and $9,889.26, which gives a possible trading interval of +/-$151.26 (+/-1.55%) up or down from last closing price. If CoreShares S&P 500 Exchange Traded Fund takes out the full calculated possible swing range there will be an estimated 3.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9,779.00 (0.42%) than the support at $9,676.00 (0.64%), 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 CoreShares S&P 500 Exchange Traded Fund stock A Buy?
CoreShares S&P 500 Exchange Traded Fund 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: 0.273 Hold/Accumulate Unchanged
Predicted Opening Price for CoreShares S&P 500 Exchange Traded Fund of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $9,751.67 ( 0.140%) | $9,738.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSP500.JO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,932.67 | 2.00 % | |
| R2 | 9,863.52 | 1.29 % | ||
| R1 | 9,820.81 | 0.85 % | ||
| Current price: | 9,738.00 | |||
| Support | S1 | 9,682.52 | -0.570 % | |
| S2 | 9,639.81 | -1.01 % | ||
| S3 | 9,570.67 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,955.00 | 2.23 % | |
| R2 | 9,901.00 | 1.67 % | ||
| R1 | 9,779.00 | 0.421 % | ||
| Current price | 9,738.00 | |||
| Support | S1 | 9,676.00 | -0.637% | |
| S2 | 9,537.00 | -2.06% | ||
| S3 | 9,415.00 | -3.32% |
CSP500 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 17, 2024 | Apr 22, 2024 | $44.47 | 0.464% |
| 2 | Oct 11, 2023 | Oct 11, 2023 | Oct 11, 2023 | $0.400 | 0.0048% |
| 3 | Apr 19, 2023 | Apr 19, 2023 | Apr 19, 2023 | $0.404 | 0.0053% |
| 4 | Oct 12, 2022 | Oct 12, 2022 | Oct 12, 2022 | $0.353 | 0.0053% |
| 5 | Apr 12, 2022 | Apr 12, 2022 | Apr 12, 2022 | $0.293 | 0.0045% |
FAQ
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