Qwest Corporation 6.75% Notes due 2057 ETF Forecast

Weaker technical forecast for Qwest Corporation 6.75% Notes due 2057 as ETF downgraded to Sell Candidate.
(Updated on Jul 02, 2024)

CTDD Signals & Forecast

There are few to no technical positive signals at the moment. The Qwest Corporation 6.75% Notes due 2057 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 $10.49 and $10.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -8.72%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The ETF had a Golden Star Signal on Wednesday, May 29, 2024 in the short-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 Qwest Corporation 6.75% Notes due 2057 ETF

Qwest Corporation 6.75% Notes due 2057 finds support from accumulated volume at $10.25 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, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.340 between high and low, or 3.30%. For the last week the ETF has had daily average volatility of 2.39%.

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

Trading Expectations (CTDD) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Qwest Corporation 6.75% Notes due 2057 to open at $10.43, and during the day (based on 14 day Average True Range), to move between $10.08 and $10.64, which gives a possible trading interval of +/-$0.285 (+/-2.75%) up or down from last closing price. If Qwest Corporation 6.75% Notes due 2057 takes out the full calculated possible swing range there will be an estimated 5.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.25 (1.06%) than the resistance at $10.97 (5.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Qwest Corporation 6.75% Notes due 2057 ETF A Buy?

The Qwest Corporation 6.75% Notes due 2057 ETF holds several negative signals and despite the positive trend, we believe Qwest Corporation 6.75% Notes due 2057 will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.

Current score: -2.574 Sell Candidate Downgraded

Predicted Opening Price for Qwest Corporation 6.75% Notes due 2057 of Wednesday, July 3, 2024

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