Betashares Geared U.s. Equity Fund - Trust Forecast

Betashares Geared U.s. Equity Fund - trust price up 1.13% on Friday
(Updated on Jun 28, 2024)

GGUS.AX Signals & Forecast

The Betashares Geared U.s. Equity Fund - trust 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 $39.36 and $37.51. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.778%. Further fall is indicated until a new bottom pivot has been found. 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 also not.

Support, Risk & Stop-loss for Betashares Geared U.s. Equity Fund - trust

On the downside, the trust finds support just below today's level from accumulated volume at $36.45 and $33.43. There is a natural risk involved when a trust is testing a support level, since if this is broken, the trust then may fall to the next support level. In this case, Betashares Geared U.s. Equity Fund - finds support just below today's level at $36.45. If this is broken, then the next support from accumulated volume will be at $33.43 and $32.25.

This trust has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the trust moved $0.470 between high and low, or 1.20%. For the last week the trust has had daily average volatility of 1.67%.

Our recommended stop-loss: $38.16 (-3.50%) (This trust has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (GGUS.AX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Betashares Geared U.s. Equity Fund - Currency Hedged (hedge Fund) to open at $39.47, and during the day (based on 14 day Average True Range), to move between $38.91 and $40.17, which gives a possible trading interval of +/-$0.626 (+/-1.58%) up or down from last closing price. If Betashares Geared U.s. Equity Fund - Currency Hedged (hedge Fund) takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $39.58 (0.10%) than the support at $36.45 (7.81%), 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 U.s. Equity Fund - Currency Hedged (hedge Fund) trust 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 Betashares Geared U.s. Equity Fund - trust to perform well in the short-term.

Current score: 4.640 Buy Candidate Unchanged

Predicted Opening Price for Betashares Geared U.s. Equity Fund - Currency Hedged (hedge Fund) of Monday, July 1, 2024

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