Ft Cboe Vest U.s. Equity Deep Buffer Etf ETF Forecast

Ft Cboe Vest U.s. Equity Deep Buffer Etf ETF price up 0.0732% on Friday
(Updated on Jun 28, 2024)

DNOV Signals & Forecast

The Ft Cboe Vest U.s. Equity Deep Buffer Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $41.37 and $41.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.60%. 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. 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. The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the short-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 Ft Cboe Vest U.s. Equity Deep Buffer Etf ETF

Ft Cboe Vest U.s. Equity Deep Buffer Etf finds support from accumulated volume at $40.89 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 $0.110 between high and low, or 0.265%. For the last week the ETF has had daily average volatility of 0.181%

The Ft Cboe Vest U.s. Equity Deep Buffer Etf ETF is extremely overbought on RSI14 (85). This increases the short-term risk substantially.

Our recommended stop-loss: $40.26 (-2.80%) (This ETF has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 63 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Ft Cboe Vest U.s. Equity Deep Buffer Etf - November to open at $41.44, and during the day (based on 14 day Average True Range), to move between $41.32 and $41.52, which gives a possible trading interval of +/-$0.103 (+/-0.25%) up or down from last closing price. If Ft Cboe Vest U.s. Equity Deep Buffer Etf - November takes out the full calculated possible swing range there will be an estimated 0.50% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $40.89, some $0.530 (1.28%) from the current price of $41.42, our system finds the risk reward attractive.

Is Ft Cboe Vest U.s. Equity Deep Buffer Etf - November ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ft Cboe Vest U.s. Equity Deep Buffer Etf ETF to perform well in the short-term.

Current score: 2.710 Buy Candidate Unchanged

Predicted Opening Price for Ft Cboe Vest U.s. Equity Deep Buffer Etf - November of Monday, July 1, 2024

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