Principal Active Global Dividend Income ETF Forecast

Red day on Friday for Principal Active Global Dividend Income ETF after losing 0.280%
(Updated on Jun 28, 2024)

GDVD Signals & Forecast

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 Principal Active Global Dividend Income 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 $24.82 and $24.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -1.83%. Further fall is indicated until a new bottom pivot has been found. Principal Active Global Dividend Income 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 very low volume increases the risk and reduces the other technical signals issued.

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 $0.0900 between high and low, or 0.364%. For the last week the ETF has had daily average volatility of 0.181%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GDVD) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Principal Active Global Dividend Income ETF to open at $24.74, and during the day (based on 14 day Average True Range), to move between $24.57 and $24.85, which gives a possible trading interval of +/-$0.141 (+/-0.57%) 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 1.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $24.89 (0.73%) than the support at $23.93 (3.15%), 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?

The Principal Active Global Dividend Income ETF holds several negative signals and despite the positive trend, we believe Principal Active Global Dividend Income will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -3.888 Sell Candidate Unchanged

Predicted Opening Price for Principal Active Global Dividend Income ETF of Monday, July 1, 2024

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