Ft Cboe Vest U.s. Equity Deep Buffer Etf ETF Forecast
Ft Cboe Vest U.s. Equity Deep Buffer Etf ETF upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The Ft Cboe Vest U.s. Equity Deep Buffer Etf ETF price gained 0.185% on the last trading day (Tuesday, 25th Jun 2024), rising from $35.23 to $35.29. During the last trading day the ETF fluctuated 0.199% from a day low at $35.22 to a day high of $35.29. The price has risen in 6 of the last 10 days and is up by 1.06% 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, 1 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $275.51 thousand.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.43% during the next 3 months and, with a 90% probability hold a price between $36.04 and $36.36 at the end of this 3-month period.
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DAPR Signals & Forecast
The Ft Cboe Vest U.s. Equity Deep Buffer Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $35.27 and $34.95. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ft Cboe Vest U.s. Equity Deep Buffer Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.134%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ft Cboe Vest U.s. Equity Deep Buffer Etf ETF
Ft Cboe Vest U.s. Equity Deep Buffer Etf finds support from accumulated volume at $34.69 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0700 between high and low, or 0.199%. For the last week the ETF has had daily average volatility of 0.260%.
Our recommended stop-loss: $34.11 (-3.35%) (This ETF has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (DAPR) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ft Cboe Vest U.s. Equity Deep Buffer Etf - April to open at $35.27, and during the day (based on 14 day Average True Range), to move between $35.16 and $35.42, which gives a possible trading interval of +/-$0.127 (+/-0.36%) up or down from last closing price. If Ft Cboe Vest U.s. Equity Deep Buffer Etf - April takes out the full calculated possible swing range there will be an estimated 0.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.33 (0.11%) than the support at $34.69 (1.70%), 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 Ft Cboe Vest U.s. Equity Deep Buffer Etf - April ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ft Cboe Vest U.s. Equity Deep Buffer Etf ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.578 Buy Candidate Upgraded
Predicted Opening Price for Ft Cboe Vest U.s. Equity Deep Buffer Etf - April of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$35.27 ( 0.0661%) | $35.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DAPR
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.34 | 0.132% |
R2 | 35.31 | 0.0565% |
R1 | 35.29 | 0.0097% |
Price | 35.29 | |
S1 | 35.24 | -0.142% |
S2 | 35.22 | -0.189% |
S3 | 35.20 | -0.264% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 35.34 | 0.134% |
R1 | 35.33 | 0.113% |
Price | 35.29 | |
S1 | 34.69 | -1.70% |
S2 | 34.68 | -1.74% |
S3 | 34.50 | -2.24% |
FAQ
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