Smartshares NZ Dividend ETF Stock Forecast
Green day on Friday for Smartshares NZ Dividend ETF
(Updated on May 31, 2024)
The Smartshares NZ Dividend ETF stock price gained 1.98% on the last trading day (Friday, 31st May 2024), rising from $1.06 to $1.08. During the last trading day the stock fluctuated 1.03% from a day low at $1.07 to a day high of $1.08. The price has risen in 5 of the last 10 days but is still down by -2.08% for this period. Volume fell on the last day by -13 thousand shares and in total, 6 thousand shares were bought and sold for approximately $6.00 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.22% during the next 3 months and, with a 90% probability hold a price between $0.99 and $1.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DIV.NZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 1.98%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Smartshares NZ Dividend ETF stock 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 $1.09 and $1.12. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Smartshares NZ Dividend ETF stock
Smartshares NZ Dividend ETF finds support from accumulated volume at $1.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock 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 stock During the last day, the stock moved $0.0110 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 1.54%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DIV.NZ) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect Smartshares NZ Dividend ETF to open at $1.08, and during the day (based on 14 day Average True Range), to move between $1.07 and $1.10, which gives a possible trading interval of +/-$0.0150 (+/-1.39%) up or down from last closing price. If Smartshares NZ Dividend ETF takes out the full calculated possible swing range there will be an estimated 2.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.06 (1.94%) than the resistance at $1.13 (4.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Smartshares NZ Dividend ETF stock A Buy?
Smartshares NZ Dividend ETF holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.064 Sell Candidate Unchanged
Predicted Opening Price for Smartshares NZ Dividend ETF of Tuesday, June 4, 2024
| Fair opening price June 4, 2024 | Current price |
|---|---|
| $1.08 ( 0.339%) | $1.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIV.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.09 | 0.678 % | |
| R2 | 1.08 | 0.290 % | ||
| R1 | 1.08 | 0.0495 % | ||
| Current price: | 1.08 | |||
| Support | S1 | 1.07 | -0.728 % | |
| S2 | 1.07 | -0.97 % | ||
| S3 | 1.07 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.17 | 8.60 % | |
| R2 | 1.17 | 8.51 % | ||
| R1 | 1.13 | 4.63 % | ||
| Current price | 1.08 | |||
| Support | S1 | 1.06 | -1.94% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DIV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 20, 2024 | $0.0288 | 2.71% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0.0004 | 0.0396% |
| 3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | $0.0313 | 2.60% |
| 4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | $0.0289 | 2.43% |
| 5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | $0.0299 | 2.49% |
FAQ
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