Advisorshares Dorsey Wright Fsm Us Core ETF Forecast
Evaluation of Advisorshares Dorsey Wright Fsm Us Core ETF downgraded after the last trading session.
(Updated on Jun 20, 2024)
The Advisorshares Dorsey Wright Fsm Us Core ETF price fell by -0.90% on the last day (Thursday, 20th Jun 2024) from $47.62 to $47.19. During the last trading day the ETF fluctuated 0.88% from a day low at $47.19 to a day high of $47.61. The price has risen in 7 of the last 10 days and is up by 3.9% over the past 2 weeks. Volume has increased on the last day by 38 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, 623 shares were bought and sold for approximately $29.40 thousand.
The ETF lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $47.67 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 6.49% during the next 3 months and, with a 90% probability hold a price between $45.87 and $50.76 at the end of this 3-month period.
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DWUS Signals & Forecast
The Advisorshares Dorsey Wright Fsm Us Core 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 $46.81 and $44.84. 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). 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 -0.90%. Further fall is indicated until a new bottom pivot has been found. Advisorshares Dorsey Wright Fsm Us Core 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". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, October 09, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, October 09, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Advisorshares Dorsey Wright Fsm Us Core ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $42.28 and $42.27. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Advisorshares Dorsey Wright Fsm Us Core finds support just below today's level at $42.28. If this is broken, then the next support from accumulated volume will be at $42.27 and $42.17.
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 $0.417 (0.88%) between high and low. For the last week, the ETF has had daily average volatility of 0.575%.
The Advisorshares Dorsey Wright Fsm Us Core ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: $45.89 (-2.76%) (This ETF has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (DWUS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Advisorshares Dorsey Wright Fsm Us Core Etf to open at $47.33, and during the day (based on 14 day Average True Range), to move between $46.83 and $47.54, which gives a possible trading interval of +/-$0.354 (+/-0.75%) up or down from last closing price. If Advisorshares Dorsey Wright Fsm Us Core Etf takes out the full calculated possible swing range there will be an estimated 1.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $47.43 (0.51%) than the support at $42.28 (10.40%), 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 Advisorshares Dorsey Wright Fsm Us Core 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 Advisorshares Dorsey Wright Fsm Us Core ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.448 Buy Candidate Downgraded
Predicted Opening Price for Advisorshares Dorsey Wright Fsm Us Core Etf of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$47.33 ( 0.295%) | $47.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DWUS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 47.74 | 1.18% |
R2 | 47.59 | 0.84% |
R1 | 47.49 | 0.633% |
Price | 47.19 | |
S1 | 47.17 | -0.0430% |
S2 | 47.07 | -0.252% |
S3 | 46.91 | -0.590% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 47.62 | 0.91% |
R1 | 47.43 | 0.513% |
Price | 47.19 | |
S1 | 42.28 | -10.40% |
S2 | 42.27 | -10.42% |
S3 | 42.17 | -10.63% |
DWUS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 22, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.118 | 0.294% |
2 | Dec 22, 2022 | Dec 23, 2022 | Dec 30, 2022 | $0.298 | 0.89% |
3 | Dec 22, 2021 | Dec 23, 2021 | Dec 31, 2021 | $0.144 | 0.351% |
4 | Dec 24, 2020 | Dec 24, 2020 | Dec 31, 2020 | $0.0400 | 0.117% |
FAQ
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