Qwest Corp ETF Forecast
High volatility in Qwest Corp ETF price on Tuesday which ended trading at $1.70
(Updated on Jul 02, 2024)
The Qwest Corp ETF price fell by -1.16% on the last day (Tuesday, 2nd Jul 2024) from $1.72 to $1.70. During the last trading day the ETF fluctuated 16.88% from a day low at $1.54 to a day high of $1.80. The price has been going up and down for this period, and there has been a -8.6% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -612 thousand shares and in total, 768 thousand shares were bought and sold for approximately $1.31 million.
The ETF lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.60 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -20.89% during the next 3 months and, with a 90% probability hold a price between $1.27 and $1.68 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CTV Signals & Forecast
There are few to no technical positive signals at the moment. The Qwest Corp 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 $1.79 and $2.00. 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 -26.09%. 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.
Support, Risk & Stop-loss for Qwest Corp ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
This ETF may move much during the day (volatility) and with periodic low trading volume this ETF is considered to be "high risk". During the last day, the ETF moved $0.260 between high and low, or 16.88%. For the last week the ETF has had daily average volatility of 24.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CTV) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Qwest Corp to open at $1.68, and during the day (based on 14 day Average True Range), to move between $1.48 and $1.92, which gives a possible trading interval of +/-$0.217 (+/-12.79%) up or down from last closing price. If Qwest Corp takes out the full calculated possible swing range there will be an estimated 25.57% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.72, some $0.0200 (1.18%) from the current price of $1.70, our system finds the risk reward not very attractive.
Is Qwest Corp ETF A Buy?
Qwest Corp holds several negative signals and is within a very wide and 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: -5.822 Strong Sell Candidate Unchanged
Predicted Opening Price for Qwest Corp of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.68 ( 1.18%) | $1.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.94 | 14.12% |
| R2 | 1.84 | 8.28% |
| R1 | 1.78 | 4.67% |
| Price | 1.70 | |
| S1 | 1.58 | -7.02% |
| S2 | 1.52 | -10.63% |
| S3 | 1.42 | -16.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.10 | 23.53% |
| R2 | 1.85 | 8.82% |
| R1 | 1.72 | 1.18% |
| Price | 1.70 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CTV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | $0.430 | 1.76% |
| 2 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | $0.430 | 2.06% |
| 3 | Dec 30, 2019 | Dec 30, 2019 | Dec 30, 2019 | $0.430 | 1.69% |
| 4 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | $0.430 | 1.70% |
| 5 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | $0.430 | 1.69% |
FAQ
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