Goldman Sachs Activebeta Us Large Cap 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
Goldman Sachs Activebeta Us Large Cap ETF upgraded to Buy Candidate.
(Updated on Jun 19, 2024)
The Goldman Sachs Activebeta Us Large Cap ETF price gained 0.0856% on the last trading day (Wednesday, 19th Jun 2024), rising from 70.13€ to 70.19€. It has now gained 10 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 0.356% from a day low at 70.14€ to a day high of 70.39€. The price has risen in 10 of the last 10 days and is up by 4.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 688 more shares were traded than the day before. In total, 700 shares were bought and sold for approximately 49.13€ thousand.
The ETF has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 68.49€, a level that may pose a second chance to hit a runner. According to fan-theory 70.81€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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GACA.F Signals & Forecast
Mostly positive signals in the chart today. 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 69.50€ and 67.45€. 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 6.30%. 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). Goldman Sachs Activebeta Us Large Cap 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. 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.250€ between high and low, or 0.356%. For the last week the ETF has had daily average volatility of 0.247%.
The Goldman Sachs Activebeta Us Large Cap ETF is extremely overbought on RSI14 (85). 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. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: 66.56€ (-5.17%) (This ETF has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (GACA.F) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Goldman Sachs Activebeta Us Large Cap Equity Ucits Etf to open at 70.24€, and during the day (based on 14 day Average True Range), to move between 69.78€ and 70.60€, which gives a possible trading interval of +/-0.413€ (+/-0.59%) 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 1.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 66.74€, some 3.45€ (4.92%) from the current price of 70.19€, our system finds the risk reward attractive.
Is Goldman Sachs Activebeta Us Large Cap Equity Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and the ETF has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Goldman Sachs Activebeta Us Large Cap ETF to perform well in the short-term period. Due to a possible false trend-break listing ETF as pure buy candidate is held back. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.317 Buy Candidate Upgraded
Predicted Opening Price for Goldman Sachs Activebeta Us Large Cap Equity Ucits Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| 70.24€ ( 0.0712%) | 70.19€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GACA.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 70.49 | 0.427% |
| R2 | 70.39 | 0.291% |
| R1 | 70.34 | 0.207% |
| Price | 70.19 | |
| S1 | 70.14 | -0.0648% |
| S2 | 70.09 | -0.149% |
| S3 | 69.99 | -0.285% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 70.19 | |
| S1 | 66.74 | -4.92% |
| S2 | 66.52 | -5.23% |
| S3 | 65.41 | -6.81% |
FAQ
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