Freedom 100 Emerging Markets Etf 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
Freedom 100 Emerging Markets Etf ETF upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Freedom 100 Emerging Markets Etf ETF price gained 0.113% on the last trading day (Tuesday, 2nd Jul 2024), rising from $35.25 to $35.29. During the last trading day the ETF fluctuated 1.14% from a day low at $35.01 to a day high of $35.41. The price has risen in 6 of the last 10 days but is still down by -0.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 540 thousand more shares were traded than the day before. In total, 655 thousand shares were bought and sold for approximately $23.10 million.
The ETF lies in the middle of a 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 8.18% during the next 3 months and, with a 90% probability hold a price between $37.09 and $40.00 at the end of this 3-month period.
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FRDM Signals & Forecast
The Freedom 100 Emerging Markets Etf 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 $35.40. On a fall, the ETF will find some support from the long-term average at approximately $35.23. 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). 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 Thursday, June 20, 2024, and so far it has fallen -1.51%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Thursday, June 20, 2024 and based on theory for this formation the price should fall by -1.25% to $34.85 within 16 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Freedom 100 Emerging Markets Etf ETF
Freedom 100 Emerging Markets Etf finds support from accumulated volume at $35.19 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 $0.400 between high and low, or 1.14%. For the last week the ETF has had daily average volatility of 1.07%.
Our recommended stop-loss: $33.93 (-3.84%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (FRDM) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Freedom 100 Emerging Markets Etf to open at $35.24, and during the day (based on 14 day Average True Range), to move between $34.85 and $35.73, which gives a possible trading interval of +/-$0.442 (+/-1.25%) up or down from last closing price. If Freedom 100 Emerging Markets Etf takes out the full calculated possible swing range there will be an estimated 2.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.32 (0.09%) than the support at $35.19 (0.28%), 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 Freedom 100 Emerging Markets Etf ETF A Buy?
Freedom 100 Emerging Markets Etf holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.187 Strong Buy Candidate Upgraded
Predicted Opening Price for Freedom 100 Emerging Markets Etf of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $35.24 ( 0.151%) | $35.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRDM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.64 | 0.98% |
| R2 | 35.48 | 0.549% |
| R1 | 35.39 | 0.282% |
| Price | 35.29 | |
| S1 | 35.08 | -0.584% |
| S2 | 34.99 | -0.85% |
| S3 | 34.84 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.89 | 1.70% |
| R2 | 35.58 | 0.82% |
| R1 | 35.32 | 0.0850% |
| Price | 35.29 | |
| S1 | 35.19 | -0.283% |
| S2 | 34.57 | -2.04% |
| S3 | 33.87 | -4.02% |
FRDM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2024 | Mar 26, 2024 | Mar 28, 2024 | $0.0246 | 0.0729% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 22, 2023 | $0.254 | 0.784% |
| 3 | Sep 26, 2023 | Sep 27, 2023 | Sep 29, 2023 | $0.231 | 0.82% |
| 4 | Jun 27, 2023 | Jun 28, 2023 | Jun 30, 2023 | $0.290 | 0.92% |
| 5 | Mar 28, 2023 | Mar 29, 2023 | Mar 31, 2023 | $0.0987 | 0.336% |
FAQ
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