Smartetfs Dividend Builder Etf ETF Forecast
Smartetfs Dividend Builder Etf ETF price down 0.341% on Friday
(Updated on Jun 28, 2024)
The Smartetfs Dividend Builder Etf ETF price fell by -0.341% on the last day (Friday, 28th Jun 2024) from $27.82 to $27.73. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.87% from a day low at $27.69 to a day high of $27.93. The price has fallen in 7 of the last 10 days and is down by -1.31% for this period. Volume has increased on the last day by 342 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, 979 shares were bought and sold for approximately $27.14 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $27.56 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 6.85% during the next 3 months and, with a 90% probability hold a price between $29.45 and $30.94 at the end of this 3-month period.
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DIVS Signals & Forecast
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 Smartetfs Dividend Builder Etf ETF 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 $28.04 and $27.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -2.03%. Further fall is indicated until a new bottom pivot has been found. Smartetfs Dividend Builder Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Smartetfs Dividend Builder Etf ETF
Smartetfs Dividend Builder Etf finds support from accumulated volume at $26.78 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.240 between high and low, or 0.87%. For the last week the ETF has had daily average volatility of 0.322%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DIVS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Smartetfs Dividend Builder Etf to open at $27.78, and during the day (based on 14 day Average True Range), to move between $27.55 and $27.90, which gives a possible trading interval of +/-$0.174 (+/-0.63%) up or down from last closing price. If Smartetfs Dividend Builder Etf takes out the full calculated possible swing range there will be an estimated 1.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.77 (0.16%) than the support at $26.78 (3.41%), 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 Smartetfs Dividend Builder Etf ETF A Buy?
The Smartetfs Dividend Builder Etf ETF holds several negative signals and despite the positive trend, we believe Smartetfs Dividend Builder Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.372 Sell Candidate Unchanged
Predicted Opening Price for Smartetfs Dividend Builder Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $27.78 ( 0.205%) | $27.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIVS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.02 | 1.07% |
| R2 | 27.93 | 0.739% |
| R1 | 27.87 | 0.535% |
| Price | 27.73 | |
| S1 | 27.69 | -0.126% |
| S2 | 27.63 | -0.330% |
| S3 | 27.54 | -0.660% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.02 | 1.06% |
| R2 | 27.87 | 0.523% |
| R1 | 27.77 | 0.162% |
| Price | 27.73 | |
| S1 | 26.78 | -3.41% |
| S2 | 26.74 | -3.55% |
| S3 | 26.57 | -4.17% |
FAQ
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