Arrow Dow Jones Global Yield ETF Forecast
Arrow Dow Jones Global Yield ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 10, 2024)
The Arrow Dow Jones Global Yield ETF price gained 1.23% on the last trading day (Friday, 10th May 2024), rising from $13.22 to $13.38. During the last trading day the ETF fluctuated 1.10% from a day low at $13.38 to a day high of $13.53. The price has risen in 6 of the last 10 days and is up by 2.16% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 275 shares were bought and sold for approximately $3.68 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $13.52 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Arrow Dow Jones Global Yield ETF with a 90% probability to be traded between $12.89 and $13.57 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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GYLD Signals & Forecast
The Arrow Dow Jones Global Yield 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 $13.23 and $13.07. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, May 08, 2024, and so far it has fallen -0.660%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, May 03, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, May 03, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Arrow Dow Jones Global Yield ETF
Arrow Dow Jones Global Yield finds support from accumulated volume at $13.11 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 $0.147 between high and low, or 1.10%. For the last week the ETF has had daily average volatility of 1.44%
Our recommended stop-loss: $12.91 (-3.52%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (GYLD) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Arrow Dow Jones Global Yield ETF to open at $13.43, and during the day (based on 14 day Average True Range), to move between $13.18 and $13.58, which gives a possible trading interval of +/-$0.202 (+/-1.51%) up or down from last closing price. If Arrow Dow Jones Global Yield ETF takes out the full calculated possible swing range there will be an estimated 3.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.45 (0.47%) than the support at $13.11 (2.04%), 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 Arrow Dow Jones Global Yield ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Arrow Dow Jones Global Yield ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.031 Buy Candidate Upgraded
Predicted Opening Price for Arrow Dow Jones Global Yield ETF of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
$13.43 ( 0.367%) | $13.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GYLD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.58 | 1.47 % | |
R2 | 13.52 | 1.05 % | ||
R1 | 13.49 | 0.788 % | ||
Current price: | 13.38 | |||
Support | S1 | 13.38 | -0.0536 % | |
S2 | 13.34 | -0.314 % | ||
S3 | 13.28 | -0.734 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.47 | 0.664 % | |
R2 | 13.46 | 0.578 % | ||
R1 | 13.45 | 0.466 % | ||
Current price | 13.38 | |||
Support | S1 | 13.11 | -2.04% | |
S2 | 12.92 | -3.46% | ||
S3 | 12.90 | -3.61% |
GYLD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 16, 2024 | Apr 16, 2024 | Apr 16, 2024 | $0.126 | 0.98% |
2 | Mar 18, 2024 | Mar 18, 2024 | Mar 18, 2024 | $0.0830 | 0.633% |
3 | Feb 15, 2024 | Feb 16, 2024 | Feb 26, 2024 | $0.111 | 0.85% |
4 | Feb 24, 2023 | Jan 16, 2024 | Jan 22, 2024 | $0.0162 | 0.126% |
5 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | $0.0860 | 0.705% |
FAQ
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