ALPS EQUAL SECTOR WEIGHT ALPS EQUAL ETF Forecast
Green day on Monday for ALPS EQUAL SECTOR WEIGHT ALPS EQUAL
(Updated on Jun 24, 2024)
The ALPS EQUAL SECTOR WEIGHT ALPS EQUAL ETF price gained 0.699% on the last trading day (Monday, 24th Jun 2024), rising from $117.92 to $118.74. During the last trading day the ETF fluctuated 0.707% from a day low at $118.06 to a day high of $118.89. The price has been going up and down for this period, and there has been a 0.92% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 46 thousand more shares were traded than the day before. In total, 49 thousand shares were bought and sold for approximately $5.87 million.
The ETF lies in the middle of a narrow and 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 2.37% during the next 3 months and, with a 90% probability hold a price between $117.20 and $122.79 at the end of this 3-month period.
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EQL Signals & Forecast
The ALPS EQUAL SECTOR WEIGHT ALPS EQUAL 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 $117.92 and $117.53. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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, May 21, 2024, and so far it has fallen -0.180%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ALPS EQUAL SECTOR WEIGHT ALPS EQUAL ETF
ALPS EQUAL SECTOR WEIGHT ALPS EQUAL finds support from accumulated volume at $117.87 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 $0.83 between high and low, or 0.707%. For the last week the ETF has had daily average volatility of 0.501%.
Our recommended stop-loss: $114.43 (-3.63%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (EQL) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect ALPS EQUAL SECTOR WEIGHT ETF ALPS EQUAL SECTOR WEIGHT ETF to open at $118.56, and during the day (based on 14 day Average True Range), to move between $117.95 and $119.53, which gives a possible trading interval of +/-$0.791 (+/-0.67%) up or down from last closing price. If ALPS EQUAL SECTOR WEIGHT ETF ALPS EQUAL SECTOR WEIGHT ETF takes out the full calculated possible swing range there will be an estimated 1.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $118.75 (0.01%) than the support at $117.87 (0.73%), 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 ALPS EQUAL SECTOR WEIGHT ETF ALPS EQUAL SECTOR WEIGHT 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 ALPS EQUAL SECTOR WEIGHT ALPS EQUAL ETF to perform well in the short-term.
Current score: 2.902 Buy Candidate Unchanged
Predicted Opening Price for ALPS EQUAL SECTOR WEIGHT ETF ALPS EQUAL SECTOR WEIGHT ETF of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$118.56 ( 0.148%) | $118.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 119.40 | 0.555% |
R2 | 119.08 | 0.287% |
R1 | 118.88 | 0.121% |
Price | 118.74 | |
S1 | 118.25 | -0.416% |
S2 | 118.05 | -0.582% |
S3 | 117.73 | -0.85% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 118.95 | 0.180% |
R2 | 118.85 | 0.0926% |
R1 | 118.75 | 0.0084% |
Price | 118.74 | |
S1 | 117.87 | -0.733% |
S2 | 117.66 | -0.91% |
S3 | 117.21 | -1.29% |
EQL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 15, 2024 | Mar 21, 2024 | Mar 26, 2024 | $0.482 | 0.416% |
2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.622 | 0.571% |
3 | Feb 20, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.557 | 0.555% |
4 | Feb 20, 2023 | Jun 22, 2023 | Jun 27, 2023 | $0.447 | 0.434% |
5 | Mar 22, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.522 | 0.542% |
FAQ
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