Principal Active Global Dividend Income ETF Forecast

Principal Active Global Dividend Income ETF upgraded to Buy Candidate.
(Updated on Jun 24, 2024)

GDVD Signals & Forecast

The Principal Active Global Dividend Income 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 $24.80 and $24.77. A breakdown below any of these levels will issue sell signals. Principal Active Global Dividend Income 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. 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 Friday, May 17, 2024, and so far it has fallen -0.755%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Principal Active Global Dividend Income ETF

Principal Active Global Dividend Income finds support from accumulated volume at $23.93 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 $0.0500 between high and low, or 0.201%. For the last week the ETF has had daily average volatility of 0.0927%.

Our recommended stop-loss: $23.99 (-3.96%) (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 (GDVD) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Principal Active Global Dividend Income ETF to open at $24.96, and during the day (based on 14 day Average True Range), to move between $24.83 and $25.13, which gives a possible trading interval of +/-$0.153 (+/-0.61%) up or down from last closing price. If Principal Active Global Dividend Income ETF takes out the full calculated possible swing range there will be an estimated 1.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.02 (0.16%) than the support at $23.93 (4.20%), 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 Principal Active Global Dividend Income ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Principal Active Global Dividend Income ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.517 Buy Candidate Upgraded

Predicted Opening Price for Principal Active Global Dividend Income ETF of Tuesday, June 25, 2024

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