Global Partner Acquisition Corp Wt Exp 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
Global Partner Acquisition Corp Wt Exp ETF price up more than 20.00% on Friday
(Updated on Jun 28, 2024)
The Global Partner Acquisition Corp Wt Exp ETF price gained 20.00% on the last trading day (Friday, 28th Jun 2024), rising from $0.150 to $0.180. During the last trading day the ETF fluctuated 5.56% from a day low at $0.180 to a day high of $0.190. The price has been going up and down for this period, and there has been a 20% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 175 thousand more shares were traded than the day before. In total, 175 thousand shares were bought and sold for approximately $31.46 thousand.
The ETF lies in the middle of a very 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 42.81% during the next 3 months and, with a 90% probability hold a price between $0.204 and $0.323 at the end of this 3-month period.
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GPACW Signals & Forecast
The Global Partner Acquisition Corp Wt Exp 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 $0.157 and $0.147. A breakdown below any of these levels will issue sell signals. Global Partner Acquisition Corp Wt Exp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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, May 23, 2024, and so far it has fallen -5.26%. 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).
Support, Risk & Stop-loss for Global Partner Acquisition Corp Wt Exp ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $0.170 and $0.150. 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, Global Partner Acquisition Corp Wt Exp finds support just below today's level at $0.170. If this is broken, then the next support from accumulated volume will be at $0.150 and $0.140.
This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $0.0100 between high and low, or 5.56%. For the last week, the ETF has had daily average volatility of 1.23%.
Our recommended stop-loss: $0.170 (-5.68%) (This ETF has high daily movements and this gives high risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (GPACW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Global Partner Acquisition Corp Wt Exp 07/01/2020 to open at $0.183, and during the day (based on 14 day Average True Range), to move between $0.168 and $0.192, which gives a possible trading interval of +/-$0.0117 (+/-6.51%) up or down from last closing price. If Global Partner Acquisition Corp Wt Exp 07/01/2020 takes out the full calculated possible swing range there will be an estimated 13.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.170 (5.56%) than the resistance at $0.190 (5.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Global Partner Acquisition Corp Wt Exp 07/01/2020 ETF A Buy?
Global Partner Acquisition Corp Wt Exp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Global Partner Acquisition Corp Wt Exp 07/01/2020 of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.183 ( 1.85%) | $0.180 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPACW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.193 | 7.41% |
| R2 | 0.190 | 5.29% |
| R1 | 0.187 | 3.97% |
| Price | 0.180 | |
| S1 | 0.180 | -0.270% |
| S2 | 0.177 | -1.58% |
| S3 | 0.173 | -3.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.190 | 5.56% |
| Price | 0.180 | |
| S1 | 0.170 | -5.56% |
| S2 | 0.150 | -16.67% |
| S3 | 0.140 | -22.22% |
FAQ
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