ALPS Disruptive Technologies ETF Forecast
ALPS Disruptive Technologies ETF upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
No changes to the price of ALPS Disruptive Technologies ETF on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $41.00 to a day high of $41.00. The price has fallen in 6 of the last 10 days and is down by -1.54% for this period.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ALPS Disruptive Technologies ETF with a 90% probability to be traded between $40.17 and $44.02 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
There are mixed signals in the ETF today. The ALPS Disruptive Technologies 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 $41.11 and $41.74. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for ALPS Disruptive Technologies ETF
ALPS Disruptive Technologies finds support from accumulated volume at $39.73 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.358%
Our recommended stop-loss: $38.54 (-6.00%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (DTEC) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ALPS Disruptive Technologies ETF to open at $41.00, and during the day (based on 14 day Average True Range), to move between $40.62 and $41.37, which gives a possible trading interval of +/-$0.374 (+/-0.91%) 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 1.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.03 (0.08%) than the support at $39.73 (3.09%), 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 ALPS Disruptive Technologies ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ALPS Disruptive Technologies ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.163 Buy Candidate Upgraded
Predicted Opening Price for ALPS Disruptive Technologies ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $41.00 ( 0%) | $41.00 |
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 | |
|---|---|---|
| R3 | 41.00 | - |
| R2 | 41.00 | - |
| R1 | 41.00 | - |
| Price | 41.00 | |
| S1 | 41.00 | - |
| S2 | 41.00 | - |
| S3 | 41.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.45 | 1.10% |
| R2 | 41.26 | 0.640% |
| R1 | 41.03 | 0.0841% |
| Price | 41.00 | |
| S1 | 39.73 | -3.09% |
| S2 | 39.61 | -3.39% |
| S3 | 38.81 | -5.33% |
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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