Altrius Global Dividend Etf ETF Forecast

Altrius Global Dividend Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

DIVD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.297%. 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 Altrius Global Dividend Etf 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 $32.18 and $32.69. 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. The ETF had a Golden Star Signal on Tuesday, July 11, 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.

Buy

Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Tuesday, July 11, 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 10.78% to $35.38 within 42 trading days since signal was issued (Thursday, August 15, 2024).

Support, Risk & Stop-loss for Altrius Global Dividend Etf ETF

Altrius Global Dividend Etf finds support from accumulated volume at $31.92 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 $0.0443 between high and low, or 0.139%. For the last week the ETF has had daily average volatility of 0.192%

Our recommended stop-loss: $30.10 (-5.75%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Altrius Global Dividend Etf to open at $31.95, and during the day (based on 14 day Average True Range), to move between $31.71 and $32.16, which gives a possible trading interval of +/-$0.222 (+/-0.69%) up or down from last closing price. If Altrius Global Dividend Etf takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $31.95 (0.05%) than the support at $31.92 (0.05%), 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 Altrius Global Dividend Etf ETF A Buy?

Altrius Global Dividend Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.882 Hold/Accumulate Upgraded

Predicted Opening Price for Altrius Global Dividend Etf of Monday, July 1, 2024

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