U.S. Global GO GOLD and Precious Metal ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
U.S. Global GO GOLD and Precious Metal ETF price ended at $20.97 on Friday, after gaining 3.76%.
(Updated on May 17, 2024)
The U.S. Global GO GOLD and Precious Metal ETF price gained 3.76% on the last trading day (Friday, 17th May 2024), rising from $20.21 to $20.97. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 2.44% from a day low at $20.48 to a day high of $20.98. The price has risen in 7 of the last 10 days and is up by 12.2% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 30 thousand shares were bought and sold for approximately $634.85 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 wide and 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 35.08% during the next 3 months and, with a 90% probability hold a price between $26.03 and $29.12 at the end of this 3-month period.
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GOAU Signals & Forecast
The U.S. Global GO GOLD and Precious Metal 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 $20.08 and $19.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 12.98%. 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 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 U.S. Global GO GOLD and Precious Metal ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $19.89 and $19.23. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, U.S. Global GO GOLD and Precious Metal finds support just below today's level at $19.89. If this is broken, then the next support from accumulated volume will be at $19.23 and $15.79.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.500 between high and low, or 2.44%. For the last week the ETF has had daily average volatility of 2.12%.
Our recommended stop-loss: $20.28 (-3.28%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (GOAU) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect U.S. Global GO GOLD and Precious Metal Miners ETF to open at $20.81, and during the day (based on 14 day Average True Range), to move between $20.49 and $21.45, which gives a possible trading interval of +/-$0.475 (+/-2.27%) up or down from last closing price. If U.S. Global GO GOLD and Precious Metal Miners ETF takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $19.89, some $1.08 (5.15%) from the current price of $20.97, our system finds the risk reward attractive.
Is U.S. Global GO GOLD and Precious Metal Miners ETF ETF A Buy?
U.S. Global GO GOLD and Precious Metal holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.091 Strong Buy Candidate Unchanged
Predicted Opening Price for U.S. Global GO GOLD and Precious Metal Miners ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $20.81 ( 0.763%) | $20.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOAU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.31 | 1.62 % | |
| R2 | 21.12 | 0.711 % | ||
| R1 | 21.00 | 0.148 % | ||
| Current price: | 20.97 | |||
| Support | S1 | 20.62 | -1.67 % | |
| S2 | 20.50 | -2.24 % | ||
| S3 | 20.31 | -3.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 20.97 | |||
| Support | S1 | 19.89 | -5.15% | |
| S2 | 19.23 | -8.30% | ||
| S3 | 15.79 | -24.70% |
GOAU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 22, 2023 | Dec 27, 2023 | $0.168 | 0.96% |
| 2 | Dec 22, 2022 | Dec 23, 2022 | Dec 28, 2022 | $0.240 | 1.55% |
| 3 | Dec 22, 2021 | Dec 23, 2021 | Dec 28, 2021 | $0.228 | 1.30% |
| 4 | Dec 28, 2020 | Dec 29, 2020 | Dec 31, 2020 | $0.147 | 0.739% |
| 5 | Dec 20, 2019 | Dec 23, 2019 | Dec 26, 2019 | $0.0280 | 0.161% |
FAQ
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