Betashares Active Australian Hybrids Trust Forecast
Betashares Active Australian Hybrids trust downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Betashares Active Australian Hybrids trust price gained 0.0986% on the last trading day (Friday, 28th Jun 2024), rising from $10.14 to $10.15. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the trust fluctuated 0.0985% from a day low at $10.15 to a day high of $10.16. The price has risen in 6 of the last 10 days and is up by 0.59% over the past 2 weeks. Volume fell on the last day by -285 thousand shares and in total, 188 thousand shares were bought and sold for approximately $1.91 million. 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 trustis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $10.15 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Betashares Active Australian Hybrids trust with a 90% probability to be traded between $10.04 and $10.13 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HBRD.AX Signals & Forecast
The Betashares Active Australian Hybrids trust 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 $10.12 and $10.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 0.794%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The trust should be watched closely. The trust had a Golden Star Signal on Tuesday, June 25, 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 trust in question.
Golden Star 12 Months
The trust had a Golden Star Signal on Tuesday, June 25, 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 trust in question.
Support, Risk & Stop-loss for Betashares Active Australian Hybrids trust
Betashares Active Australian Hybrids finds support from accumulated volume at $10.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.0100 between high and low, or 0.0985%. For the last week the trust has had daily average volatility of 0.178%.
Our recommended stop-loss: $9.43 (-7.14%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (HBRD.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Betashares Active Australian Hybrids Fund to open at $10.15, and during the day (based on 14 day Average True Range), to move between $10.13 and $10.17, which gives a possible trading interval of +/-$0.0197 (+/-0.19%) up or down from last closing price. If Betashares Active Australian Hybrids Fund takes out the full calculated possible swing range there will be an estimated 0.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.16 (0.10%) than the support at $10.14 (0.10%), 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 Betashares Active Australian Hybrids Fund trust A Buy?
Betashares Active Australian Hybrids 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.493 Hold/Accumulate Downgraded
Predicted Opening Price for Betashares Active Australian Hybrids Fund of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $10.15 ( 0.0328%) | $10.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBRD.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.16 | 0.131% |
| R2 | 10.16 | 0.0937% |
| R1 | 10.16 | 0.0705% |
| Price | 10.15 | |
| S1 | 10.15 | -0.0048% |
| S2 | 10.15 | -0.0280% |
| S3 | 10.14 | -0.0657% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 10.17 | 0.197% |
| R1 | 10.16 | 0.0985% |
| Price | 10.15 | |
| S1 | 10.14 | -0.0985% |
| S2 | 10.13 | -0.197% |
| S3 | 10.09 | -0.591% |
FAQ
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