ALPS Disruptive Technologies ETF Forecast
Green day on Friday for ALPS Disruptive Technologies
(Updated on May 24, 2024)
The ALPS Disruptive Technologies ETF price gained 0.774% on the last trading day (Friday, 24th May 2024), rising from $41.98 to $42.31. During the last trading day the ETF fluctuated 0.511% from a day low at $42.12 to a day high of $42.33. The price has risen in 6 of the last 10 days and is up by 1.08% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately $118.96 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETFis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $42.84 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect ALPS Disruptive Technologies ETF with a 90% probability to be traded between $38.16 and $42.34 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DTEC Signals & Forecast
The ALPS Disruptive Technologies ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $42.56. On a fall, the ETF will find some support from the long-term average at approximately $41.12. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -1.32%. 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 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.
Support, Risk & Stop-loss for ALPS Disruptive Technologies ETF
ALPS Disruptive Technologies finds support from accumulated volume at $42.09 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 controlled movements and therefore the general risk is considered 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 $0.215 between high and low, or 0.511%. For the last week the ETF has had daily average volatility of 0.614%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DTEC) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect ALPS Disruptive Technologies ETF to open at $42.25, and during the day (based on 14 day Average True Range), to move between $41.89 and $42.72, which gives a possible trading interval of +/-$0.414 (+/-0.98%) up or down from last closing price. If ALPS Disruptive Technologies 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 $42.09 (0.51%) than the resistance at $42.58 (0.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ALPS Disruptive Technologies ETF ETF A Buy?
ALPS Disruptive Technologies holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.436 Sell Candidate Unchanged
Predicted Opening Price for ALPS Disruptive Technologies ETF of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $42.25 ( 0.130%) | $42.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DTEC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.47 | 0.378 % | |
| R2 | 42.38 | 0.184 % | ||
| R1 | 42.33 | 0.0641 % | ||
| Current price: | 42.31 | |||
| Support | S1 | 42.17 | -0.324 % | |
| S2 | 42.12 | -0.444 % | ||
| S3 | 42.04 | -0.638 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.84 | 1.26 % | |
| R2 | 42.65 | 0.82 % | ||
| R1 | 42.58 | 0.643 % | ||
| Current price | 42.31 | |||
| Support | S1 | 42.09 | -0.508% | |
| S2 | 42.04 | -0.626% | ||
| S3 | 41.26 | -2.47% |
DTEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.112 | 0.272% |
| 2 | Dec 21, 2022 | Dec 22, 2022 | Dec 29, 2022 | $0.0080 | 0.0240% |
| 3 | Dec 21, 2021 | Dec 22, 2021 | Dec 29, 2021 | $0.124 | 0.256% |
| 4 | Dec 21, 2020 | Dec 22, 2020 | Dec 30, 2020 | $0.169 | 0.365% |
| 5 | Dec 19, 2019 | Dec 19, 2019 | Dec 19, 2019 | $0.138 | 0.429% |
FAQ
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