Global X MSCI SuperDividend EAFE ETF Forecast

Global X MSCI SuperDividend EAFE ETF price up 1.14% on Monday
(Updated on May 06, 2024)

EFAS Signals & Forecast

The Global X MSCI SuperDividend EAFE ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $14.44 and $14.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.12%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the short-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 Global X MSCI SuperDividend EAFE ETF

Global X MSCI SuperDividend EAFE finds support from accumulated volume at $14.65 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 $0.110 between high and low, or 0.752%. For the last week the ETF has had daily average volatility of 0.215%

Our recommended stop-loss: $14.01 (-4.51%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (EFAS) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Global X MSCI SuperDividend EAFE ETF to open at $14.68, and during the day (based on 14 day Average True Range), to move between $14.56 and $14.78, which gives a possible trading interval of +/-$0.113 (+/-0.77%) up or down from last closing price. If Global X MSCI SuperDividend EAFE ETF takes out the full calculated possible swing range there will be an estimated 1.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.69 (0.14%) than the support at $14.65 (0.14%), 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 Global X MSCI SuperDividend EAFE 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 Global X MSCI SuperDividend EAFE ETF to perform well in the short-term.

Current score: 3.425 Buy Candidate Unchanged

Predicted Opening Price for Global X MSCI SuperDividend EAFE ETF of Tuesday, May 7, 2024

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