Allianzim U.s. Large Cap Buffer20 Dec ETF Forecast

Allianzim U.s. Large Cap Buffer20 Dec ETF upgraded to Buy Candidate.
(Updated on Jun 26, 2024)

DECW Signals & Forecast

The Allianzim U.s. Large Cap Buffer20 Dec ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $29.65. On a fall, the ETF will find some support from the long-term average at approximately $29.51. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, June 18, 2024, and so far it has fallen -0.0674%. Further fall is indicated until a new bottom pivot has been found. 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".

Support, Risk & Stop-loss for Allianzim U.s. Large Cap Buffer20 Dec ETF

Allianzim U.s. Large Cap Buffer20 Dec finds support from accumulated volume at $29.57 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 $0.0300 between high and low, or 0.101%. For the last week the ETF has had daily average volatility of 0.0899%

The Allianzim U.s. Large Cap Buffer20 Dec ETF is extremely overbought on RSI14 (85). This increases the short-term risk substantially.

Our recommended stop-loss: $28.66 (-3.30%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (DECW) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Allianzim U.s. Large Cap Buffer20 Dec Etf to open at $29.64, and during the day (based on 14 day Average True Range), to move between $29.59 and $29.69, which gives a possible trading interval of +/-$0.0472 (+/-0.16%) up or down from last closing price. If Allianzim U.s. Large Cap Buffer20 Dec Etf takes out the full calculated possible swing range there will be an estimated 0.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $29.64 (0.01%) than the support at $29.57 (0.24%), 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 Buffer20 Dec Etf ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Allianzim U.s. Large Cap Buffer20 Dec ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.021 Buy Candidate Upgraded

Predicted Opening Price for Allianzim U.s. Large Cap Buffer20 Dec Etf of Thursday, June 27, 2024

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