Aim Etf Products Trust - Allianzim U.s. ETF Forecast

Aim Etf Products Trust - Allianzim U.s. ETF downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)

FLAO Signals & Forecast

The Aim Etf Products Trust - Allianzim 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 $25.80 and $25.33. 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). Aim Etf Products Trust - Allianzim U.s. 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. Higher liquidity also reduces the general risk. 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 Thursday, June 20, 2024, and so far it has fallen -0.116%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Friday, May 03, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Aim Etf Products Trust - Allianzim U.s. ETF

Aim Etf Products Trust - Allianzim U.s. finds support from accumulated volume at $24.99 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 $0.0899 between high and low, or 0.349%. For the last week the ETF has had daily average volatility of 0.285%.

The Aim Etf Products Trust - Allianzim U.s. ETF is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the ETF is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that 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: $24.93 (-3.44%) (This ETF has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (FLAO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Aim Etf Products Trust - Allianzim U.s. Equity 6 Month Floor5 Apr/oct Etf to open at $25.80, and during the day (based on 14 day Average True Range), to move between $25.70 and $25.94, which gives a possible trading interval of +/-$0.123 (+/-0.48%) up or down from last closing price. If Aim Etf Products Trust - Allianzim U.s. Equity 6 Month Floor5 Apr/oct Etf takes out the full calculated possible swing range there will be an estimated 0.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.82 (0.00%) than the support at $24.99 (3.21%), 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 Aim Etf Products Trust - Allianzim U.s. Equity 6 Month Floor5 Apr/oct Etf ETF A Buy?

Aim Etf Products Trust - Allianzim 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. 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: 0.440 Hold/Accumulate Downgraded

Predicted Opening Price for Aim Etf Products Trust - Allianzim U.s. Equity 6 Month Floor5 Apr/oct Etf of Wednesday, June 26, 2024

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