Reality Shares Divcon Dividend Defender ETF Forecast

Red day on Friday for Reality Shares Divcon Dividend Defender ETF after losing 0%
(Updated on May 17, 2024)

DFND Signals & Forecast

There are mixed signals in the ETF today. The Reality Shares Divcon Dividend Defender 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 $39.54 and $39.56. 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 Thursday, May 16, 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, November 02, 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 Reality Shares Divcon Dividend Defender ETF

Reality Shares Divcon Dividend Defender finds support from accumulated volume at $38.00 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 0.607%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DFND) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Reality Shares Divcon Dividend Defender ETF to open at $38.26, and during the day (based on 14 day Average True Range), to move between $37.34 and $39.18, which gives a possible trading interval of +/-$0.92 (+/-2.40%) up or down from last closing price. If Reality Shares Divcon Dividend Defender ETF takes out the full calculated possible swing range there will be an estimated 4.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $38.00 (0.68%) than the resistance at $38.64 (0.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Reality Shares Divcon Dividend Defender ETF ETF A Buy?

Reality Shares Divcon Dividend Defender holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.811 Sell Candidate Unchanged

Predicted Opening Price for Reality Shares Divcon Dividend Defender ETF of Monday, May 20, 2024

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