GLOBAL X AUTONOMOUS & ELECTRIC VEHICLES ETF Forecast
GLOBAL X AUTONOMOUS & ELECTRIC VEHICLES ETF price ended at $22.91 on Wednesday, after losing 0.737%.
(Updated on Apr 17, 2024)
The GLOBAL X AUTONOMOUS & ELECTRIC VEHICLES ETF price fell by -0.737% on the last day (Wednesday, 17th Apr 2024) from $23.08 to $22.91. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 1.88% from a day low at $22.86 to a day high of $23.29. The price has fallen in 6 of the last 10 days and is down by -6.15% for this period. Volume has increased on the last day by 2 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, 110 thousand shares were bought and sold for approximately $2.51 million.
Given the current short-term trend, the ETF is expected to rise 5.53% during the next 3 months and, with a 90% probability hold a price between $24.18 and $26.30 at the end of this 3-month period.
DRIV Signals & Forecast
There are few to no technical positive signals at the moment. The GLOBAL X AUTONOMOUS & ELECTRIC VEHICLES 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 $23.81 and $24.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -7.62%. 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 ETF should be followed more closely.
Support, Risk & Stop-loss for GLOBAL X AUTONOMOUS & ELECTRIC VEHICLES ETF
GLOBAL X AUTONOMOUS & ELECTRIC VEHICLES finds support from accumulated volume at $22.75 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 $0.430 between high and low, or 1.88%. For the last week the ETF has had daily average volatility of 1.94%.
Our recommended stop-loss: $21.65 (-5.48%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (DRIV) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect GLOBAL X AUTONOMOUS & ELECTRIC VEHICLES ETF to open at $23.02, and during the day (based on 14 day Average True Range), to move between $22.47 and $23.35, which gives a possible trading interval of +/-$0.442 (+/-1.93%) up or down from last closing price. If GLOBAL X AUTONOMOUS & ELECTRIC VEHICLES ETF takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.75 (0.70%) than the resistance at $23.29 (1.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GLOBAL X AUTONOMOUS & ELECTRIC VEHICLES ETF ETF A Buy?
GLOBAL X AUTONOMOUS & ELECTRIC VEHICLES holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.851 Hold/Accumulate Unchanged
Predicted Opening Price for GLOBAL X AUTONOMOUS & ELECTRIC VEHICLES ETF of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $23.02 ( 0.480%) | $22.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DRIV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.45 | 2.36 % | |
| R2 | 23.29 | 1.64 % | ||
| R1 | 23.18 | 1.20 % | ||
| Current price: | 22.91 | |||
| Support | S1 | 22.86 | -0.237 % | |
| S2 | 22.75 | -0.680 % | ||
| S3 | 22.59 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.26 | 5.89 % | |
| R2 | 23.85 | 4.10 % | ||
| R1 | 23.29 | 1.66 % | ||
| Current price | 22.91 | |||
| Support | S1 | 22.75 | -0.698% | |
| S2 | 22.74 | -0.742% | ||
| S3 | 22.73 | -0.786% |
DRIV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.224 | 0.94% |
| 2 | Jun 28, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.175 | 0.666% |
| 3 | Dec 28, 2022 | Dec 29, 2022 | Jan 09, 2023 | $0.139 | 0.656% |
| 4 | Jun 28, 2022 | Jun 29, 2022 | Jul 08, 2022 | $0.108 | 0.486% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 07, 2022 | $0.0420 | 0.137% |
FAQ
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