GUSH 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
GUSH ETF upgraded to Sell Candidate.
(Updated on May 01, 2024)
The GUSH ETF price fell by -4.30% on the last day (Wednesday, 1st May 2024) from $38.85 to $37.18. During the last trading day the ETF fluctuated 6.65% from a day low at $36.46 to a day high of $38.89. The price has risen in 7 of the last 10 days but is still down by -6.49% for this period. Volume has increased on the last day by 246 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $39.32 million.
Given the current short-term trend, the ETF is expected to rise 39.55% during the next 3 months and, with a 90% probability hold a price between $51.88 and $67.05 at the end of this 3-month period.
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GUSH Signals & Forecast
There are few to no technical positive signals at the moment. The GUSH ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $40.69 and $40.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -15.56%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for GUSH ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $34.69 and $32.74. 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, GUSH finds support just below today's level at $34.69. If this is broken, then the next support from accumulated volume will be at $32.74 and $30.54.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $2.43 between high and low, or 6.65%. For the last week, the ETF has had daily average volatility of 4.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GUSH) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF to open at $37.51, and during the day (based on 14 day Average True Range), to move between $35.49 and $38.87, which gives a possible trading interval of +/-$1.69 (+/-4.54%) up or down from last closing price. If Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF takes out the full calculated possible swing range there will be an estimated 9.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.69 (6.70%) than the resistance at $39.89 (7.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF ETF A Buy?
The GUSH ETF holds several negative signals and despite the positive trend, we believe GUSH will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.775 Sell Candidate Upgraded
Predicted Opening Price for Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $37.51 ( 0.88%) | $37.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GUSH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.93 | 7.41 % | |
| R2 | 39.01 | 4.91 % | ||
| R1 | 38.43 | 3.37 % | ||
| Current price: | 37.18 | |||
| Support | S1 | 36.58 | -1.61 % | |
| S2 | 36.01 | -3.15 % | ||
| S3 | 35.08 | -5.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.55 | 14.44 % | |
| R2 | 41.16 | 10.70 % | ||
| R1 | 39.89 | 7.29 % | ||
| Current price | 37.18 | |||
| Support | S1 | 34.69 | -6.70% | |
| S2 | 32.74 | -11.94% | ||
| S3 | 30.54 | -17.86% |
GUSH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 18, 2024 | Mar 19, 2024 | Mar 26, 2024 | $0.223 | 0.577% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.207 | 0.616% |
| 3 | Feb 10, 2023 | Sep 19, 2023 | Sep 26, 2023 | $0.258 | 0.681% |
| 4 | Feb 10, 2023 | Jun 21, 2023 | Jun 28, 2023 | $0.93 | 3.22% |
| 5 | Feb 10, 2023 | Mar 21, 2023 | Mar 28, 2023 | $1.13 | 3.83% |
FAQ
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