Advisorshares Dorsey Wright Fsm Us Core ETF Forecast
Red day on Wednesday for Advisorshares Dorsey Wright Fsm Us Core ETF after losing 0%
(Updated on Jul 03, 2024)
No changes to the price of Advisorshares Dorsey Wright Fsm Us Core ETF on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the ETF fluctuated 0% from a day low at $47.35 to a day high of $47.35. The price has risen in 5 of the last 10 days but is still down by -0.56% for this period.
The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 11.61% during the next 3 months and, with a 90% probability hold a price between $50.53 and $54.75 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 $47.05 and $45.81. A breakdown below any of these levels will issue sell signals. 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, July 02, 2024, and so far it has fallen 0%. 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). 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. 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.
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 0.249%
Our recommended stop-loss: $45.58 (-3.74%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (DWUS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Advisorshares Dorsey Wright Fsm Us Core Etf to open at $47.35, and during the day (based on 14 day Average True Range), to move between $47.04 and $47.66, which gives a possible trading interval of +/-$0.311 (+/-0.66%) 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 1.32% 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 (0.17%) than the support at $42.28 (10.71%), 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.
Current score: 1.780 Buy Candidate Unchanged
Predicted Opening Price for Advisorshares Dorsey Wright Fsm Us Core Etf of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$47.35 ( 0%) | $47.35 |
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 | 47.35 | - |
R2 | 47.35 | - |
R1 | 47.35 | - |
Price | 47.35 | |
S1 | 47.35 | - |
S2 | 47.35 | - |
S3 | 47.35 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 47.62 | 0.567% |
R1 | 47.43 | 0.170% |
Price | 47.35 | |
S1 | 42.28 | -10.71% |
S2 | 42.27 | -10.73% |
S3 | 42.17 | -10.94% |
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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