Fieldstone UVA Unconstrained Medium-Term ETF Forecast

Weaker technical forecast for Fieldstone UVA Unconstrained Medium-Term as ETF downgraded to Hold/Accumulate.
(Updated on Jun 20, 2024)

FFIU Signals & Forecast

The Fieldstone UVA Unconstrained Medium-Term 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 $21.96 and $21.58. 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 Friday, June 14, 2024, and so far it has fallen -0.272%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Fieldstone UVA Unconstrained Medium-Term ETF

Fieldstone UVA Unconstrained Medium-Term finds support from accumulated volume at $21.79 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 $0.0200 between high and low, or 0.0911%. For the last week the ETF has had daily average volatility of 0.224%

The Fieldstone UVA Unconstrained Medium-Term ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: $21.21 (-3.49%) (This ETF has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (FFIU) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Fieldstone UVA Unconstrained Medium-Term Fixed Income to open at $21.97, and during the day (based on 14 day Average True Range), to move between $21.88 and $22.08, which gives a possible trading interval of +/-$0.104 (+/-0.47%) up or down from last closing price. If Fieldstone UVA Unconstrained Medium-Term Fixed Income takes out the full calculated possible swing range there will be an estimated 0.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.03 (0.23%) than the support at $21.79 (0.86%), 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 Fieldstone UVA Unconstrained Medium-Term Fixed Income ETF A Buy?

Fieldstone UVA Unconstrained Medium-Term 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.179 Hold/Accumulate Downgraded

Predicted Opening Price for Fieldstone UVA Unconstrained Medium-Term Fixed Income of Friday, June 21, 2024

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