Etho Climate Leadership U.S. ETF Forecast
Etho Climate Leadership U.S. ETF price down 0.424% on Friday
(Updated on May 17, 2024)
The Etho Climate Leadership U.S. ETF price fell by -0.424% on the last day (Friday, 17th May 2024) from $57.73 to $57.48. During the last trading day the ETF fluctuated 0.505% from a day low at $57.44 to a day high of $57.73. The price has risen in 6 of the last 10 days and is up by 3.36% over the past 2 weeks. Volume has increased on the last day by 817 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately $311.77 thousand.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $58.13 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Etho Climate Leadership U.S. ETF with a 90% probability to be traded between $52.95 and $57.49 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ETHO Signals & Forecast
The Etho Climate Leadership U.S. 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 $57.16 and $55.92. 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). 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 Wednesday, May 15, 2024, and so far it has fallen -0.725%. Further fall is indicated until a new bottom pivot has been found. Etho Climate Leadership U.S. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Etho Climate Leadership U.S. ETF
Etho Climate Leadership U.S. finds support from accumulated volume at $57.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.290 (0.505%) between high and low. For the last week, the ETF has had daily average volatility of 0.569%.
Our recommended stop-loss: $55.82 (-2.88%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ETHO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Etho Climate Leadership U.S. ETF to open at $57.55, and during the day (based on 14 day Average True Range), to move between $56.90 and $58.06, which gives a possible trading interval of +/-$0.576 (+/-1.00%) up or down from last closing price. If Etho Climate Leadership U.S. ETF takes out the full calculated possible swing range there will be an estimated 2.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $57.29 (0.33%) than the resistance at $57.73 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Etho Climate Leadership U.S. ETF ETF A Buy?
Etho Climate Leadership U.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.194 Hold/Accumulate Unchanged
Predicted Opening Price for Etho Climate Leadership U.S. ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $57.55 ( 0.122%) | $57.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETHO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.84 | 0.626 % | |
| R2 | 57.73 | 0.433 % | ||
| R1 | 57.66 | 0.314 % | ||
| Current price: | 57.48 | |||
| Support | S1 | 57.44 | -0.0711 % | |
| S2 | 57.37 | -0.190 % | ||
| S3 | 57.26 | -0.383 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.49 | 1.76 % | |
| R2 | 58.03 | 0.95 % | ||
| R1 | 57.73 | 0.426 % | ||
| Current price | 57.48 | |||
| Support | S1 | 57.29 | -0.328% | |
| S2 | 56.67 | -1.41% | ||
| S3 | 55.17 | -4.02% |
ETHO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.431 | 0.772% |
| 2 | Mar 23, 2023 | Sep 20, 2023 | Sep 22, 2023 | $0.150 | 0.300% |
| 3 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | $0.180 | 0.345% |
| 4 | Mar 21, 2023 | Mar 22, 2023 | Mar 24, 2023 | $0.100 | 0.201% |
| 5 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.207 | 0.419% |
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