ALPS EMERGING SECTOR DIVIDEND DOGS ALPS ETF Forecast

ALPS EMERGING SECTOR DIVIDEND DOGS ALPS ETF downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)

EDOG Signals & Forecast

There are few to no technical positive signals at the moment. The ALPS EMERGING SECTOR DIVIDEND DOGS ALPS 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 $20.88 and $21.46. 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 -7.36%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for ALPS EMERGING SECTOR DIVIDEND DOGS ALPS ETF

ALPS EMERGING SECTOR DIVIDEND DOGS ALPS finds support from accumulated volume at $20.62 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 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 $0.0379 between high and low, or 0.184%. For the last week the ETF has had daily average volatility of 0.350%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EDOG) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect ALPS EMERGING SECTOR DIVIDEND DOGS ETF ALPS EMERGING SECTOR DIVIDEND DOGS ETF to open at $20.63, and during the day (based on 14 day Average True Range), to move between $20.46 and $20.82, which gives a possible trading interval of +/-$0.181 (+/-0.88%) up or down from last closing price. If ALPS EMERGING SECTOR DIVIDEND DOGS ETF ALPS EMERGING SECTOR DIVIDEND DOGS ETF takes out the full calculated possible swing range there will be an estimated 1.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.62 (0.08%) than the resistance at $20.69 (0.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ALPS EMERGING SECTOR DIVIDEND DOGS ETF ALPS EMERGING SECTOR DIVIDEND DOGS ETF ETF A Buy?

ALPS EMERGING SECTOR DIVIDEND DOGS ALPS 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.236 Sell Candidate Downgraded

Predicted Opening Price for ALPS EMERGING SECTOR DIVIDEND DOGS ETF ALPS EMERGING SECTOR DIVIDEND DOGS ETF of Thursday, June 27, 2024

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