Guru Favorite Stocks Etf ETF Forecast
Green day on Tuesday for Guru Favorite Stocks Etf ETF after gaining 0.753%
(Updated on Jul 02, 2024)
The Guru Favorite Stocks Etf ETF price gained 0.753% on the last trading day (Tuesday, 2nd Jul 2024), rising from $29.04 to $29.26. During the last trading day the ETF fluctuated 0.334% from a day low at $29.16 to a day high of $29.26. The price has fallen in 6 of the last 10 days but is still up by 0.28% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 813 shares were bought and sold for approximately $23.79 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 11.43% during the next 3 months and, with a 90% probability hold a price between $31.49 and $33.15 at the end of this 3-month period.
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GFGF Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.162%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Guru Favorite Stocks Etf 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 $29.12 and $28.47. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Guru Favorite Stocks Etf ETF
Guru Favorite Stocks Etf finds support from accumulated volume at $29.04 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0975 between high and low, or 0.334%. For the last week the ETF has had daily average volatility of 0.194%
Our recommended stop-loss: $28.30 (-3.26%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 50 days ago.)
Trading Expectations (GFGF) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Guru Favorite Stocks Etf to open at $29.22, and during the day (based on 14 day Average True Range), to move between $29.10 and $29.42, which gives a possible trading interval of +/-$0.159 (+/-0.54%) up or down from last closing price. If Guru Favorite Stocks Etf takes out the full calculated possible swing range there will be an estimated 1.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.31 (0.16%) than the support at $29.04 (0.75%), 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 Guru Favorite Stocks 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 Guru Favorite Stocks Etf ETF to perform well in the short-term.
Current score: 3.673 Buy Candidate Unchanged
Predicted Opening Price for Guru Favorite Stocks Etf of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $29.22 ( 0.111%) | $29.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GFGF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.32 | 0.222% |
| R2 | 29.29 | 0.0949% |
| R1 | 29.26 | 0.0162% |
| Price | 29.26 | |
| S1 | 29.19 | -0.238% |
| S2 | 29.16 | -0.317% |
| S3 | 29.13 | -0.444% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 29.31 | 0.163% |
| Price | 29.26 | |
| S1 | 29.04 | -0.748% |
| S2 | 28.16 | -3.75% |
| S3 | 26.68 | -8.81% |
GFGF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2023 | Dec 20, 2023 | Dec 22, 2023 | $0.0196 | 0.0787% |
| 2 | Dec 28, 2022 | Dec 29, 2022 | Jan 06, 2023 | $0.0836 | 0.408% |
| 3 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.0038 | 0.0150% |
FAQ
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