REALITY SHARES DIVS ETF Stock Forecast

REALITY SHARES DIVS ETF stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

DIVY Signals & Forecast

There are mixed signals in the stock today. The REALITY SHARES DIVS 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 $25.31 and $25.74. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.16%. 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). REALITY SHARES DIVS ETF has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for REALITY SHARES DIVS ETF stock

REALITY SHARES DIVS ETF finds support from accumulated volume at $25.11 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 $0.119 between high and low, or 0.475%. For the last week the stock has had daily average volatility of 0.580%.

Our recommended stop-loss: $23.70 (-5.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

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

For the upcoming trading day on Monday, 1st we expect REALITY SHARES DIVS ETF to open at $25.15, and during the day (based on 14 day Average True Range), to move between $24.94 and $25.44, which gives a possible trading interval of +/-$0.247 (+/-0.98%) up or down from last closing price. If REALITY SHARES DIVS ETF takes out the full calculated possible swing range there will be an estimated 1.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.11 (0.32%) than the resistance at $25.52 (1.31%), 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 DIVS ETF stock A Buy?

REALITY SHARES DIVS ETF holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.982 Hold/Accumulate Upgraded

Predicted Opening Price for REALITY SHARES DIVS ETF of Monday, July 1, 2024

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