Allianzim U.s. Large Cap Buffer10 Dec ETF Forecast

Weaker technical forecast for Allianzim U.s. Large Cap Buffer10 Dec as ETF downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

DECT Signals & Forecast

The Allianzim U.s. Large Cap Buffer10 Dec 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 $31.02 and $30.70. 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). 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 Thursday, June 27, 2024, and so far it has fallen -0.0322%. Further fall is indicated until a new bottom pivot has been found. Allianzim U.s. Large Cap Buffer10 Dec gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, May 02, 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 Allianzim U.s. Large Cap Buffer10 Dec ETF

Allianzim U.s. Large Cap Buffer10 Dec finds support from accumulated volume at $30.74 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 $0.0573 between high and low, or 0.185%. For the last week the ETF has had daily average volatility of 0.117%.

Our recommended stop-loss: $30.22 (-2.64%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (DECT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Allianzim U.s. Large Cap Buffer10 Dec Etf to open at $31.06, and during the day (based on 14 day Average True Range), to move between $30.96 and $31.12, which gives a possible trading interval of +/-$0.0841 (+/-0.27%) up or down from last closing price. If Allianzim U.s. Large Cap Buffer10 Dec Etf takes out the full calculated possible swing range there will be an estimated 0.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $31.05 (0.03%) than the support at $30.74 (0.97%), 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 Allianzim U.s. Large Cap Buffer10 Dec Etf ETF A Buy?

Allianzim U.s. Large Cap Buffer10 Dec 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. 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 Hold/Accumulate candidate.

Current score: 0.474 Hold/Accumulate Downgraded

Predicted Opening Price for Allianzim U.s. Large Cap Buffer10 Dec Etf of Monday, July 1, 2024

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