Goldman Sachs Future Real Estate And 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
Red day on Tuesday for Goldman Sachs Future Real Estate And ETF after losing 0%
(Updated on Jun 18, 2024)
No changes to the price of Goldman Sachs Future Real Estate And ETF on the last trading day (Tuesday, 18th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $32.87 to a day high of $32.87. The price has fallen in 7 of the last 10 days and is down by -1.76% for this period.
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 Goldman Sachs Future Real Estate And ETF with a 90% probability to be traded between $31.95 and $33.12 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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GREI Signals & Forecast
There are mixed signals in the ETF today. The Goldman Sachs Future Real Estate And ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $33.06 and $33.26. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Goldman Sachs Future Real Estate And ETF
Goldman Sachs Future Real Estate And finds support from accumulated volume at $32.71 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.142%
Our recommended stop-loss: $30.86 (-6.10%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (GREI) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Goldman Sachs Future Real Estate And Infrastructure Equity Etf to open at $32.87, and during the day (based on 14 day Average True Range), to move between $32.58 and $33.16, which gives a possible trading interval of +/-$0.288 (+/-0.88%) up or down from last closing price. If Goldman Sachs Future Real Estate And Infrastructure Equity Etf takes out the full calculated possible swing range there will be an estimated 1.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $32.71 (0.49%) than the resistance at $33.56 (2.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Goldman Sachs Future Real Estate And Infrastructure Equity Etf ETF A Buy?
Goldman Sachs Future Real Estate And 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Goldman Sachs Future Real Estate And Infrastructure Equity Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $32.87 ( 0%) | $32.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GREI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.87 | - |
| R2 | 32.87 | - |
| R1 | 32.87 | - |
| Price | 32.87 | |
| S1 | 32.87 | - |
| S2 | 32.87 | - |
| S3 | 32.87 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.78 | 2.77% |
| R2 | 33.71 | 2.56% |
| R1 | 33.56 | 2.09% |
| Price | 32.87 | |
| S1 | 32.71 | -0.487% |
| S2 | 0 | - |
| S3 | 0 | - |
GREI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 10, 2023 | Jun 26, 2023 | Jun 30, 2023 | $0.325 | 0.98% |
| 2 | Dec 23, 2022 | Dec 27, 2022 | Jan 03, 2023 | $0.162 | 0.501% |
| 3 | Sep 26, 2022 | Sep 26, 2022 | Sep 30, 2022 | $0.137 | 0.465% |
| 4 | Jun 24, 2022 | Jun 24, 2022 | Jun 30, 2022 | $0.245 | 0.723% |
| 5 | Mar 24, 2022 | Mar 25, 2022 | Mar 31, 2022 | $0.0578 | 0.145% |
FAQ
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