GLOBAL X MSCI GREECE ETF Forecast
GLOBAL X MSCI GREECE ETF price ended at $39.97 on Thursday, after losing 0.615%.
(Updated on Jun 20, 2024)
The GLOBAL X MSCI GREECE ETF price fell by -0.615% on the last day (Thursday, 20th Jun 2024) from $40.22 to $39.97. During the last trading day the ETF fluctuated 0.84% from a day low at $39.80 to a day high of $40.13. The price has been going up and down for this period, and there has been a -3.12% loss 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 -13 thousand shares and in total, 13 thousand shares were bought and sold for approximately $523.92 thousand.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $39.35 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 4.82% during the next 3 months and, with a 90% probability hold a price between $41.24 and $46.09 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GREK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.09%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The GLOBAL X MSCI GREECE 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 $40.41 and $41.53. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for GLOBAL X MSCI GREECE ETF
GLOBAL X MSCI GREECE finds support from accumulated volume at $39.10 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 controlled movements and therefore the general risk is considered 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 $0.333 between high and low, or 0.84%. For the last week the ETF has had daily average volatility of 1.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GREK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect GLOBAL X MSCI GREECE ETF to open at $39.97, and during the day (based on 14 day Average True Range), to move between $39.33 and $40.61, which gives a possible trading interval of +/-$0.641 (+/-1.60%) up or down from last closing price. If GLOBAL X MSCI GREECE ETF takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.22 (0.62%) than the support at $39.10 (2.18%), 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 GLOBAL X MSCI GREECE ETF ETF A Buy?
The GLOBAL X MSCI GREECE ETF holds several negative signals and despite the positive trend, we believe GLOBAL X MSCI GREECE will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.820 Sell Candidate Unchanged
Predicted Opening Price for GLOBAL X MSCI GREECE ETF of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $39.97 ( 0.0105%) | $39.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GREK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.30 | 0.82% |
| R2 | 40.17 | 0.504% |
| R1 | 40.10 | 0.308% |
| Price | 39.97 | |
| S1 | 39.84 | -0.329% |
| S2 | 39.76 | -0.525% |
| S3 | 39.64 | -0.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.20 | 8.07% |
| R2 | 42.78 | 7.02% |
| R1 | 40.22 | 0.618% |
| Price | 39.97 | |
| S1 | 39.10 | -2.18% |
| S2 | 38.93 | -2.61% |
| S3 | 38.24 | -4.33% |
GREK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.751 | 2.03% |
| 2 | Jan 09, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.217 | 0.579% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.690 | 2.60% |
| 4 | Feb 01, 2022 | Jun 29, 2022 | Jul 08, 2022 | $0.0610 | 0.270% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 07, 2022 | $0.572 | 2.12% |
FAQ
Click here for our free guide on how to buy GLOBAL X MSCI GREECE ETF ETF.
