ADVISORSHARES ATHENA HIGH DIVIDEND ETF Stock Forecast
Evaluation of ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock downgraded after the last trading session.
(Updated on May 03, 2024)
The ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock price fell by -1.97% on the last day (Friday, 3rd May 2024) from £86.50 to £84.80. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.31% from a day low at £84.60 to a day high of £87.40. The price has fallen in 8 of the last 10 days and is down by -1.85% for this period. Volume has increased on the last day by 359 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 788 thousand shares were bought and sold for approximately £66.85 million.
Given the current short-term trend, the stock is expected to rise 9.02% during the next 3 months and, with a 90% probability hold a price between £92.45 and £97.68 at the end of this 3-month period.
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DIVI.L Signals & Forecast
There are few to no technical positive signals at the moment. The ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £87.07 and £86.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -4.72%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock
ADVISORSHARES ATHENA HIGH DIVIDEND ETF finds support from accumulated volume at £84.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £2.80 between high and low, or 3.31%. For the last week the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DIVI.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ADVISORSHARES ATHENA HIGH DIVIDEND ETF to open at £85.60, and during the day (based on 14 day Average True Range), to move between £82.93 and £86.67, which gives a possible trading interval of +/-£1.87 (+/-2.21%) up or down from last closing price. If ADVISORSHARES ATHENA HIGH DIVIDEND ETF takes out the full calculated possible swing range there will be an estimated 4.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £85.30 (0.59%) than the support at £84.00 (0.94%), 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 ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock A Buy?
The ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock holds several negative signals and despite the positive trend, we believe ADVISORSHARES ATHENA HIGH DIVIDEND ETF will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.197 Sell Candidate Downgraded
Predicted Opening Price for ADVISORSHARES ATHENA HIGH DIVIDEND ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £85.60 ( 0.94%) | £84.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIVI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 88.40 | 4.25 % | |
| R2 | 87.33 | 2.98 % | ||
| R1 | 86.67 | 2.20 % | ||
| Current price: | 84.80 | |||
| Support | S1 | 84.53 | -0.318 % | |
| S2 | 83.87 | -1.10 % | ||
| S3 | 82.80 | -2.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 86.50 | 2.00 % | |
| R2 | 86.40 | 1.89 % | ||
| R1 | 85.30 | 0.590 % | ||
| Current price | 84.80 | |||
| Support | S1 | 84.00 | -0.94% | |
| S2 | 81.60 | -3.77% | ||
| S3 | 81.20 | -4.25% |
DIVI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Aug 30, 2024 | £1.05 | 1.24% |
| 2 | Mar 21, 2024 | Mar 21, 2024 | May 31, 2024 | £1.00 | 1.18% |
| 3 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | £0.0100 | 0.0120% |
| 4 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | £0.0120 | 0.0148% |
| 5 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | £0.95 | 1.18% |
FAQ
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