BetaShares Geared Australian Equity Fund ETF Forecast
Stronger technical forecast for BetaShares Geared Australian Equity Fund ETF price after Friday trading.
(Updated on Jun 28, 2024)
The BetaShares Geared Australian Equity Fund ETF price gained 0.355% on the last trading day (Friday, 28th Jun 2024), rising from A$28.17 to A$28.27. During the last trading day the ETF fluctuated 1.45% from a day low at A$28.25 to a day high of A$28.66. The price has fallen in 6 of the last 10 days but is still up by 1.29% 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, 615 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately A$32.93 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BetaShares Geared Australian Equity Fund ETF with a 90% probability to be traded between A$27.14 and A$29.66 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GEAR.AX Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BetaShares Geared Australian Equity Fund 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 A$28.28 and A$28.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -2.55%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for BetaShares Geared Australian Equity Fund ETF
BetaShares Geared Australian Equity Fund finds support from accumulated volume at A$28.17 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 A$0.410 between high and low, or 1.45%. For the last week the ETF has had daily average volatility of 1.73%.
Our recommended stop-loss: A$27.09 (-4.16%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (GEAR.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect BetaShares Geared Australian Equity Fund to open at A$28.39, and during the day (based on 14 day Average True Range), to move between A$27.76 and A$28.78, which gives a possible trading interval of +/-A$0.515 (+/-1.82%) up or down from last closing price. If BetaShares Geared Australian Equity Fund takes out the full calculated possible swing range there will be an estimated 3.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at A$28.30 (0.11%) than the support at A$28.17 (0.35%), 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 BetaShares Geared Australian Equity Fund ETF A Buy?
BetaShares Geared Australian Equity Fund 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.520 Hold/Accumulate Upgraded
Predicted Opening Price for BetaShares Geared Australian Equity Fund of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| A$28.39 ( 0.436%) | A$28.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEAR.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.80 | 1.89% |
| R2 | 28.65 | 1.33% |
| R1 | 28.55 | 0.99% |
| Price | 28.27 | |
| S1 | 28.24 | -0.118% |
| S2 | 28.14 | -0.460% |
| S3 | 27.98 | -1.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.70 | 1.52% |
| R2 | 28.50 | 0.81% |
| R1 | 28.30 | 0.106% |
| Price | 28.27 | |
| S1 | 28.17 | -0.354% |
| S2 | 27.56 | -2.51% |
| S3 | 26.73 | -5.45% |
GEAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | A$0.555 | 2.05% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | A$0.251 | 1.02% |
| 3 | Jan 03, 2023 | Jan 03, 2023 | Jan 03, 2023 | A$0.95 | 4.28% |
| 4 | Jul 01, 2022 | Jul 01, 2022 | Jul 01, 2022 | A$2.07 | 10.77% |
| 5 | Jan 04, 2022 | Jan 04, 2022 | Jan 04, 2022 | A$1.28 | 4.38% |
FAQ
Click here for our free guide on how to buy BetaShares Geared Australian Equity Fund ETF.
