Aberdeen Standard Physical Precious ETF Forecast

Stronger technical forecast for Aberdeen Standard Physical Precious ETF price after Friday trading.
(Updated on May 24, 2024)

GLTR Signals & Forecast

The Aberdeen Standard Physical Precious 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 $106.58. On a fall, the ETF will find some support from the long-term average at approximately $102.87. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. 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 Tuesday, May 21, 2024, and so far it has fallen -4.43%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Aberdeen Standard Physical Precious ETF

Aberdeen Standard Physical Precious finds support from accumulated volume at $103.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.85 between high and low, or 0.82%. For the last week, the ETF has had daily average volatility of 1.57%.

Our recommended stop-loss: $100.63 (-3.48%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (GLTR) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Aberdeen Standard Physical Precious Metals Basket Shares ETF to open at $104.54, and during the day (based on 14 day Average True Range), to move between $102.60 and $105.92, which gives a possible trading interval of +/-$1.66 (+/-1.59%) up or down from last closing price. If Aberdeen Standard Physical Precious Metals Basket Shares ETF takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $105.07 (0.78%) than the support at $103.05 (1.16%), 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 Aberdeen Standard Physical Precious Metals Basket Shares 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 Aberdeen Standard Physical Precious ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.279 Buy Candidate Upgraded

Predicted Opening Price for Aberdeen Standard Physical Precious Metals Basket Shares ETF of Tuesday, May 28, 2024

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