Goldman Sachs Activebeta Us Large Cap ETF Forecast

Goldman Sachs Activebeta Us Large Cap ETF price ended at 70.13€ on Tuesday, after gaining 0.588%.
(Updated on Jun 18, 2024)

GACA.F Signals & Forecast

The Goldman Sachs Activebeta Us Large Cap 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 69.26€ and 67.32€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 6.21%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Goldman Sachs Activebeta Us Large Cap ETF

Goldman Sachs Activebeta Us Large Cap finds support from accumulated volume at 66.74€ 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 0.120€ between high and low, or 0.171%. For the last week the ETF has had daily average volatility of 0.225%

The Goldman Sachs Activebeta Us Large Cap ETF is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken. Since the Goldman Sachs Activebeta Us Large Cap has been rising for 10 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: 66.84€ (-4.69%) (This ETF has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (GACA.F) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect Goldman Sachs Activebeta Us Large Cap Equity Ucits Etf to open at 70.17€, and during the day (based on 14 day Average True Range), to move between 69.71€ and 70.55€, which gives a possible trading interval of +/-0.424€ (+/-0.60%) up or down from last closing price. If Goldman Sachs Activebeta Us Large Cap Equity Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.21% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 66.74€, some 3.39€ (4.83%) from the current price of 70.13€, our system finds the risk reward attractive.

Is Goldman Sachs Activebeta Us Large Cap Equity Ucits Etf ETF A Buy?

Goldman Sachs Activebeta Us Large Cap 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Goldman Sachs Activebeta Us Large Cap Equity Ucits Etf of Wednesday, June 19, 2024

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