Advisorshares Dorsey Wright Fsm All Cap ETF Forecast

Stronger technical forecast for Advisorshares Dorsey Wright Fsm All Cap ETF price after Tuesday trading.
(Updated on Jul 02, 2024)

DWAW Signals & Forecast

The Advisorshares Dorsey Wright Fsm All Cap 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 $39.15 and $38.15. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Advisorshares Dorsey Wright Fsm All Cap 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. 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 Tuesday, June 18, 2024, and so far it has fallen -0.410%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Advisorshares Dorsey Wright Fsm All Cap ETF

Advisorshares Dorsey Wright Fsm All Cap finds support from accumulated volume at $39.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.490 (1.25%) between high and low. For the last week, the ETF has had daily average volatility of 0.374%.

Our recommended stop-loss: $37.98 (-3.89%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 50 days ago.)

Trading Expectations (DWAW) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Advisorshares Dorsey Wright Fsm All Cap World Etf to open at $39.38, and during the day (based on 14 day Average True Range), to move between $39.22 and $39.81, which gives a possible trading interval of +/-$0.295 (+/-0.75%) up or down from last closing price. If Advisorshares Dorsey Wright Fsm All Cap World Etf takes out the full calculated possible swing range there will be an estimated 1.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $39.50 (0.04%) than the resistance at $39.68 (0.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Advisorshares Dorsey Wright Fsm All Cap World Etf ETF A Buy?

Advisorshares Dorsey Wright Fsm All Cap holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.080 Strong Buy Candidate Upgraded

Predicted Opening Price for Advisorshares Dorsey Wright Fsm All Cap World Etf of Wednesday, July 3, 2024

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