Aptus Large Cap Enhanced Yield Etf ETF Forecast

Aptus Large Cap Enhanced Yield Etf ETF upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)

DUBS Signals & Forecast

Mostly positive signals in the chart today. The Aptus Large Cap Enhanced Yield 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 $30.49 and $29.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 4.50%. 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). Aptus Large Cap Enhanced Yield Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Aptus Large Cap Enhanced Yield Etf ETF

Aptus Large Cap Enhanced Yield Etf finds support from accumulated volume at $30.47 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 $0.220 between high and low, or 0.723%. For the last week the ETF has had daily average volatility of 0.624%.

The Aptus Large Cap Enhanced Yield Etf ETF is extremely overbought on RSI14 (89). This increases the short-term risk substantially.

Our recommended stop-loss: $29.11 (-5.04%) (This ETF has low daily movements and this gives low risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (DUBS) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Aptus Large Cap Enhanced Yield Etf to open at $30.58, and during the day (based on 14 day Average True Range), to move between $30.43 and $30.87, which gives a possible trading interval of +/-$0.221 (+/-0.72%) up or down from last closing price. If Aptus Large Cap Enhanced Yield Etf takes out the full calculated possible swing range there will be an estimated 1.44% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $30.47, some $0.180 (0.59%) from the current price of $30.65, our system finds the risk reward attractive.

Is Aptus Large Cap Enhanced Yield Etf 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 Aptus Large Cap Enhanced Yield Etf ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.530 Buy Candidate Upgraded

Predicted Opening Price for Aptus Large Cap Enhanced Yield Etf of Wednesday, June 26, 2024

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