Global X MSCI SuperDividend EAFE ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Global X MSCI SuperDividend EAFE ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Global X MSCI SuperDividend EAFE ETF price gained 0.450% on the last trading day (Friday, 3rd May 2024), rising from $14.44 to $14.51. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.0345% from a day low at $14.51 to a day high of $14.51. The price has risen in 7 of the last 10 days and is up by 2.51% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $32.26 thousand.
The ETF lies in the middle of a weak 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 3.67% during the next 3 months and, with a 90% probability hold a price between $14.63 and $15.39 at the end of this 3-month period.
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EFAS Signals & Forecast
Mostly positive signals in the chart today. 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 $14.40 and $14.44. 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 2.95%. 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). Global X MSCI SuperDividend EAFE 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Global X MSCI SuperDividend EAFE ETF
Global X MSCI SuperDividend EAFE finds support from accumulated volume at $14.48 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0050 between high and low, or 0.0345%. For the last week the ETF has had daily average volatility of 0.147%.
Our recommended stop-loss: $13.74 (-5.31%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (EFAS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Global X MSCI SuperDividend EAFE ETF to open at $14.51, and during the day (based on 14 day Average True Range), to move between $14.40 and $14.61, which gives a possible trading interval of +/-$0.104 (+/-0.72%) 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 1.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.53 (0.14%) than the support at $14.48 (0.17%), 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.519 Buy Candidate Upgraded
Predicted Opening Price for Global X MSCI SuperDividend EAFE ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $14.51 ( 0.0115%) | $14.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EFAS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.51 | 0.0460 % | |
| R2 | 14.51 | 0.0328 % | ||
| R1 | 14.51 | 0.0247 % | ||
| Current price: | 14.51 | |||
| Support | S1 | 14.50 | -0.0017 % | |
| S2 | 14.50 | -0.0098 % | ||
| S3 | 14.50 | -0.0230 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.65 | 1.00 % | |
| R2 | 14.58 | 0.483 % | ||
| R1 | 14.53 | 0.138 % | ||
| Current price | 14.51 | |||
| Support | S1 | 14.48 | -0.172% | |
| S2 | 14.45 | -0.379% | ||
| S3 | 14.18 | -2.28% |
EFAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 02, 2024 | Apr 03, 2024 | Apr 11, 2024 | $0.0675 | 0.466% |
| 2 | Mar 04, 2024 | Mar 05, 2024 | Mar 13, 2024 | $0.0675 | 0.464% |
| 3 | Feb 02, 2024 | Feb 05, 2024 | Feb 13, 2024 | $0.0675 | 0.495% |
| 4 | Dec 27, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.156 | 1.08% |
| 5 | Dec 04, 2023 | Dec 05, 2023 | Dec 13, 2023 | $0.0675 | 0.482% |
FAQ
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