ProShares Short MSCI 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
Green day on Tuesday for ProShares Short MSCI EAFE ETF after gaining 0.302%
(Updated on Jun 25, 2024)
The ProShares Short MSCI EAFE ETF price gained 0.302% on the last trading day (Tuesday, 25th Jun 2024), rising from $16.53 to $16.58. During the last trading day the ETF fluctuated 0% from a day low at $16.58 to a day high of $16.58. The price has been going up and down for this period, and there has been a 1.97% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 103 shares were bought and sold for approximately $1.71 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.05% during the next 3 months and, with a 90% probability hold a price between $15.57 and $16.58 at the end of this 3-month period.
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EFZ Signals & Forecast
The ProShares Short MSCI EAFE ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $16.61. On a fall, the ETF will find some support from the long-term average at approximately $16.34. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, June 21, 2024, and so far it has fallen -0.600%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for ProShares Short MSCI EAFE ETF
ProShares Short MSCI EAFE finds support from accumulated volume at $16.50 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.323%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EFZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ProShares Short MSCI EAFE to open at $16.58, and during the day (based on 14 day Average True Range), to move between $16.43 and $16.73, which gives a possible trading interval of +/-$0.150 (+/-0.90%) up or down from last closing price. If ProShares Short MSCI EAFE takes out the full calculated possible swing range there will be an estimated 1.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.50 (0.48%) than the resistance at $16.77 (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ProShares Short MSCI EAFE ETF A Buy?
ProShares Short MSCI EAFE holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.544 Sell Candidate Unchanged
Predicted Opening Price for ProShares Short MSCI EAFE of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $16.58 ( 0%) | $16.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EFZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.58 | - |
| R2 | 16.58 | - |
| R1 | 16.58 | - |
| Price | 16.58 | |
| S1 | 16.58 | - |
| S2 | 16.58 | - |
| S3 | 16.58 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.20 | 3.71% |
| R2 | 16.80 | 1.32% |
| R1 | 16.77 | 1.15% |
| Price | 16.58 | |
| S1 | 16.50 | -0.483% |
| S2 | 16.34 | -1.45% |
| S3 | 16.26 | -1.93% |
EFZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 20, 2024 | Mar 27, 2024 | $0.136 | 0.83% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.279 | 1.59% |
| 3 | Jan 09, 2023 | Sep 20, 2023 | Sep 27, 2023 | $0.217 | 1.14% |
| 4 | Jan 09, 2023 | Jun 21, 2023 | Jun 28, 2023 | $0.184 | 1.01% |
| 5 | Jan 09, 2023 | Mar 22, 2023 | Mar 29, 2023 | $0.118 | 0.629% |
FAQ
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