Alpha Architect Gdsdn Dynmc Mlt-Asst ETF Forecast

Red day on Thursday for Alpha Architect Gdsdn Dynmc Mlt-Asst ETF after losing 0.384%
(Updated on May 02, 2024)

GDMA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.407%. 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. The Alpha Architect Gdsdn Dynmc Mlt-Asst ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $30.41 and $30.69. A break-up above any of these levels will issue buy signals. Alpha Architect Gdsdn Dynmc Mlt-Asst gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Friday, June 30, 2023 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 Alpha Architect Gdsdn Dynmc Mlt-Asst ETF

Alpha Architect Gdsdn Dynmc Mlt-Asst finds support from accumulated volume at $30.31 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 $0.119 between high and low, or 0.393%. For the last week the ETF has had daily average volatility of 0.337%.

Our recommended stop-loss: $28.76 (-5.14%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (GDMA) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Alpha Architect Gdsdn Dynmc Mlt-Asst ETF to open at $30.31, and during the day (based on 14 day Average True Range), to move between $30.17 and $30.48, which gives a possible trading interval of +/-$0.154 (+/-0.51%) up or down from last closing price. If Alpha Architect Gdsdn Dynmc Mlt-Asst ETF takes out the full calculated possible swing range there will be an estimated 1.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $30.31 (0.05%) than the resistance at $30.50 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Alpha Architect Gdsdn Dynmc Mlt-Asst ETF ETF A Buy?

Alpha Architect Gdsdn Dynmc Mlt-Asst holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.457 Hold/Accumulate Unchanged

Predicted Opening Price for Alpha Architect Gdsdn Dynmc Mlt-Asst ETF of Friday, May 3, 2024

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