Anfield Capital Diversified Alternatives ETF Forecast

Red day on Thursday for Anfield Capital Diversified Alternatives
(Updated on May 30, 2024)

DALT Signals & Forecast

There are mixed signals in the ETF today. The Anfield Capital Diversified Alternatives 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 $8.89 and $8.90. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has fallen 0%. 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). The ETF had a Golden Star Signal on Thursday, December 14, 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 Anfield Capital Diversified Alternatives ETF

Anfield Capital Diversified Alternatives finds support from accumulated volume at $8.85 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%

Our recommended stop-loss: $8.36 (-6.00%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (DALT) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect Anfield Capital Diversified Alternatives ETF to open at $8.89, and during the day (based on 14 day Average True Range), to move between $8.88 and $8.90, which gives a possible trading interval of +/-$0.0085 (+/-0.10%) up or down from last closing price. If Anfield Capital Diversified Alternatives ETF takes out the full calculated possible swing range there will be an estimated 0.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.91 (0.22%) than the support at $8.85 (0.45%), 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 Anfield Capital Diversified Alternatives ETF ETF A Buy?

Anfield Capital Diversified Alternatives 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: 0.000 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 Anfield Capital Diversified Alternatives ETF of Friday, May 31, 2024

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