Trueshares Low Volatility Equity Income ETF Forecast

Trueshares Low Volatility Equity Income ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

DIVZ Signals & Forecast

The Trueshares Low Volatility Equity Income 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 $30.28 and $30.42. 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 also not. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.633%. 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). The ETF had a Golden Star Signal on Wednesday, September 13, 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.

Support, Risk & Stop-loss for Trueshares Low Volatility Equity Income ETF

Trueshares Low Volatility Equity Income finds support from accumulated volume at $29.78 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 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 $0.295 between high and low, or 0.98%. For the last week the ETF has had daily average volatility of 0.521%

Our recommended stop-loss: $28.56 (-5.39%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Trueshares Low Volatility Equity Income Etf to open at $30.22, and during the day (based on 14 day Average True Range), to move between $29.97 and $30.41, which gives a possible trading interval of +/-$0.223 (+/-0.74%) up or down from last closing price. If Trueshares Low Volatility Equity Income Etf takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $30.48 (0.96%) than the support at $29.78 (1.36%), 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 Trueshares Low Volatility Equity Income Etf ETF A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.622 Buy Candidate Upgraded

Predicted Opening Price for Trueshares Low Volatility Equity Income Etf of Monday, July 1, 2024

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