Inspire Faithward Mid Cap Momentum Esg ETF Forecast
Inspire Faithward Mid Cap Momentum Esg ETF price ended at $30.02 on Friday, after losing 0.365%.
(Updated on Jun 28, 2024)
The Inspire Faithward Mid Cap Momentum Esg ETF price fell by -0.365% on the last day (Friday, 28th Jun 2024) from $30.13 to $30.02. During the last trading day the ETF fluctuated 1.00% from a day low at $30.02 to a day high of $30.32. The price has been going up and down for this period, and there has been a 0.33% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -18 thousand shares and in total, 6 thousand shares were bought and sold for approximately $181.62 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Inspire Faithward Mid Cap Momentum Esg ETF with a 90% probability to be traded between $29.62 and $30.44 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.
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GLRY Signals & Forecast
The Inspire Faithward Mid Cap Momentum Esg ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $30.08. On a fall, the ETF will find some support from the long-term average at approximately $29.96. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.84%. Further rise is indicated until a new top pivot has been found. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The ETF had a Golden Star Signal on Thursday, June 13, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, June 13, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 0.300% to $30.11 within 3 trading days since signal was issued (Thursday, June 20, 2024).
Support, Risk & Stop-loss for Inspire Faithward Mid Cap Momentum Esg ETF
Inspire Faithward Mid Cap Momentum Esg finds support from accumulated volume at $29.99 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 $0.300 between high and low, or 1.00%. For the last week the ETF has had daily average volatility of 0.792%
Our recommended stop-loss: $28.34 (-5.61%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (GLRY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Inspire Faithward Mid Cap Momentum Esg Etf to open at $30.12, and during the day (based on 14 day Average True Range), to move between $29.71 and $30.33, which gives a possible trading interval of +/-$0.307 (+/-1.02%) up or down from last closing price. If Inspire Faithward Mid Cap Momentum Esg Etf takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.99 (0.09%) than the resistance at $30.07 (0.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Inspire Faithward Mid Cap Momentum Esg Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Inspire Faithward Mid Cap Momentum Esg ETF to perform well in the short-term period.
Current score: 4.290 Buy Candidate Unchanged
Predicted Opening Price for Inspire Faithward Mid Cap Momentum Esg Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $30.12 ( 0.333%) | $30.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLRY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.42 | 1.33% |
| R2 | 30.31 | 0.95% |
| R1 | 30.23 | 0.715% |
| Price | 30.02 | |
| S1 | 30.01 | -0.0486% |
| S2 | 29.93 | -0.284% |
| S3 | 29.82 | -0.666% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.13 | 0.366% |
| R2 | 30.11 | 0.303% |
| R1 | 30.07 | 0.167% |
| Price | 30.02 | |
| S1 | 29.99 | -0.0943% |
| S2 | 29.96 | -0.200% |
| S3 | 29.65 | -1.23% |
GLRY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2024 | Mar 27, 2024 | Apr 02, 2024 | $0.0275 | 0.0929% |
| 2 | Dec 13, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.0964 | 0.365% |
| 3 | Sep 21, 2023 | Sep 22, 2023 | Oct 02, 2023 | $0.0433 | 0.174% |
| 4 | Mar 24, 2023 | Mar 27, 2023 | Apr 03, 2023 | $0.0651 | 0.269% |
| 5 | Dec 13, 2022 | Dec 14, 2022 | Dec 20, 2022 | $0.0541 | 0.241% |
FAQ
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