ALPS Disruptive Technologies ETF Forecast
Red day on Friday for ALPS Disruptive Technologies ETF after losing 0.89%
(Updated on Jun 14, 2024)
The ALPS Disruptive Technologies ETF price fell by -0.89% on the last day (Friday, 14th Jun 2024) from $41.54 to $41.17. During the last trading day the ETF fluctuated 0.340% from a day low at $41.17 to a day high of $41.31. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 6 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, 11 thousand shares were bought and sold for approximately $450.12 thousand.
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 $39.56 and $43.50 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 few to no technical positive signals at the moment. 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 $41.59 and $41.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.96%. 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). ALPS Disruptive Technologies gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for ALPS Disruptive Technologies ETF
ALPS Disruptive Technologies finds support from accumulated volume at $41.03 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 $0.140 between high and low, or 0.340%. For the last week the ETF has had daily average volatility of 0.720%.
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 Monday 17th
For the upcoming trading day on Monday, 17th we expect ALPS Disruptive Technologies ETF to open at $41.22, and during the day (based on 14 day Average True Range), to move between $40.71 and $41.64, which gives a possible trading interval of +/-$0.465 (+/-1.13%) 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 2.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.26 (0.22%) than the support at $41.03 (0.34%), 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?
ALPS Disruptive Technologies holds several negative signals and is within a 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: -1.448 Sell Candidate Unchanged
Predicted Opening Price for ALPS Disruptive Technologies ETF of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $41.22 ( 0.112%) | $41.17 |
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 | 41.36 | 0.452% |
| R2 | 41.30 | 0.322% |
| R1 | 41.27 | 0.241% |
| Price | 41.17 | |
| S1 | 41.16 | -0.0183% |
| S2 | 41.13 | -0.0986% |
| S3 | 41.08 | -0.228% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.25 | 2.62% |
| R2 | 41.45 | 0.677% |
| R1 | 41.26 | 0.219% |
| Price | 41.17 | |
| S1 | 41.03 | -0.343% |
| S2 | 39.73 | -3.50% |
| S3 | 38.81 | -5.73% |
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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