GOLDMAN SACHS ACTIVEBETA(R) EUROPE ETF Forecast
GOLDMAN SACHS ACTIVEBETA(R) EUROPE ETF upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The GOLDMAN SACHS ACTIVEBETA(R) EUROPE ETF price fell by -0.0390% on the last day (Friday, 28th Jun 2024) from $36.20 to $36.19. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.306% from a day low at $36.09 to a day high of $36.20. The price has fallen in 6 of the last 10 days and is down by -3.22% for this period. 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 -19 thousand shares and in total, 14 thousand shares were bought and sold for approximately $509.39 thousand.
Given the current short-term trend, the ETF is expected to rise 5.53% during the next 3 months and, with a 90% probability hold a price between $38.19 and $41.35 at the end of this 3-month period.
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GSEU Signals & Forecast
There are few to no technical positive signals at the moment. The GOLDMAN SACHS ACTIVEBETA(R) EUROPE 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 $36.62 and $37.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -6.13%. 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). 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 GOLDMAN SACHS ACTIVEBETA(R) EUROPE ETF
GOLDMAN SACHS ACTIVEBETA(R) EUROPE finds support from accumulated volume at $35.94 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 $0.111 between high and low, or 0.306%. For the last week the ETF has had daily average volatility of 0.488%
Our recommended stop-loss: $33.83 (-6.50%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (GSEU) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect GOLDMAN SACHS ACTIVEBETA(R) EUROPE EQUITY ETF to open at $36.16, and during the day (based on 14 day Average True Range), to move between $35.84 and $36.53, which gives a possible trading interval of +/-$0.347 (+/-0.96%) up or down from last closing price. If GOLDMAN SACHS ACTIVEBETA(R) EUROPE EQUITY ETF takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.20 (0.04%) than the support at $35.94 (0.68%), 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 GOLDMAN SACHS ACTIVEBETA(R) EUROPE EQUITY ETF ETF A Buy?
GOLDMAN SACHS ACTIVEBETA(R) EUROPE holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.372 Hold/Accumulate Upgraded
Predicted Opening Price for GOLDMAN SACHS ACTIVEBETA(R) EUROPE EQUITY ETF of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$36.16 ( 0.0758%) | $36.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GSEU
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 36.27 | 0.230% |
R2 | 36.23 | 0.113% |
R1 | 36.20 | 0.0408% |
Price | 36.19 | |
S1 | 36.12 | -0.192% |
S2 | 36.09 | -0.265% |
S3 | 36.05 | -0.381% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 37.39 | 3.33% |
R2 | 37.01 | 2.28% |
R1 | 36.20 | 0.0390% |
Price | 36.19 | |
S1 | 35.94 | -0.680% |
S2 | 35.40 | -2.17% |
S3 | 34.79 | -3.86% |
GSEU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 26, 2023 | Dec 26, 2023 | Jan 02, 2024 | $0.272 | 0.792% |
2 | Mar 10, 2023 | Jun 26, 2023 | Jun 30, 2023 | $0.91 | 2.76% |
3 | Dec 23, 2022 | Dec 27, 2022 | Jan 03, 2023 | $0.0890 | 0.296% |
4 | Sep 23, 2022 | Sep 26, 2022 | Sep 30, 2022 | $0.0200 | 0.0810% |
5 | Jun 23, 2022 | Jun 24, 2022 | Jun 30, 2022 | $0.671 | 2.39% |
FAQ
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