Alpha Architect Gdsdn Dynmc Mlt-Asst ETF Forecast
Evaluation of Alpha Architect Gdsdn Dynmc Mlt-Asst ETF downgraded after the last trading session.
(Updated on May 20, 2024)
The Alpha Architect Gdsdn Dynmc Mlt-Asst ETF price gained 0.160% on the last trading day (Monday, 20th May 2024), rising from $31.22 to $31.27. During the last trading day the ETF fluctuated 0.128% from a day low at $31.27 to a day high of $31.31. The price has risen in 7 of the last 10 days and is up by 2.19% 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, 3 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $173.89 thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $31.29 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Alpha Architect Gdsdn Dynmc Mlt-Asst ETF with a 90% probability to be traded between $30.33 and $31.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GDMA Signals & Forecast
Mostly positive signals in the chart today. The Alpha Architect Gdsdn Dynmc Mlt-Asst 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 $31.03 and $30.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.54%. 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). Alpha Architect Gdsdn Dynmc Mlt-Asst 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. 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.
Golden Star 12 Months
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 $30.78 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 $0.0400 between high and low, or 0.128%. For the last week the ETF has had daily average volatility of 0.237%.
The Alpha Architect Gdsdn Dynmc Mlt-Asst ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought and the RSI is still moving upwards. 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: $29.94 (-4.27%) (This ETF has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (GDMA) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Alpha Architect Gdsdn Dynmc Mlt-Asst ETF to open at $31.28, and during the day (based on 14 day Average True Range), to move between $31.13 and $31.41, which gives a possible trading interval of +/-$0.144 (+/-0.46%) 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 0.92% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $30.78, some $0.491 (1.57%) from the current price of $31.27, our system finds the risk reward attractive.
Is Alpha Architect Gdsdn Dynmc Mlt-Asst ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Alpha Architect Gdsdn Dynmc Mlt-Asst ETF to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.837 Buy Candidate Downgraded
Predicted Opening Price for Alpha Architect Gdsdn Dynmc Mlt-Asst ETF of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $31.28 ( 0.0426%) | $31.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GDMA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.32 | 0.171 % | |
| R2 | 31.31 | 0.122 % | ||
| R1 | 31.30 | 0.0915 % | ||
| Current price: | 31.27 | |||
| Support | S1 | 31.27 | -0.0062 % | |
| S2 | 31.26 | -0.0364 % | ||
| S3 | 31.24 | -0.0853 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 31.27 | |||
| Support | S1 | 30.78 | -1.57% | |
| S2 | 30.60 | -2.14% | ||
| S3 | 30.50 | -2.46% |
GDMA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $1.25 | 4.14% |
| 2 | Dec 23, 2022 | Dec 27, 2022 | Jan 06, 2023 | $0.364 | 1.19% |
| 3 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.574 | 1.79% |
| 4 | Sep 10, 2021 | Sep 13, 2021 | Sep 20, 2021 | $0.0870 | 0.280% |
| 5 | Mar 12, 2021 | Mar 15, 2021 | Mar 22, 2021 | $0.0060 | 0.0190% |
FAQ
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