AdvisorShares Ranger Equity Bear ETF Forecast
AdvisorShares Ranger Equity Bear ETF downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)
The AdvisorShares Ranger Equity Bear ETF price fell by -2.75% on the last day (Wednesday, 27th Mar 2024) from $20.22 to $19.66. During the last trading day the ETF fluctuated 1.73% from a day low at $19.66 to a day high of $20.00. The price has risen in 6 of the last 10 days but is still down by -1.38% for this period. Volume has increased on the last day by 52 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, 100 thousand shares were bought and sold for approximately $1.96 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AdvisorShares Ranger Equity Bear ETF with a 90% probability to be traded between $19.37 and $20.94 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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HDGE Signals & Forecast
There are few to no technical positive signals at the moment. The AdvisorShares Ranger Equity Bear 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 $20.04 and $19.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -3.61%. 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 AdvisorShares Ranger Equity Bear ETF
AdvisorShares Ranger Equity Bear finds support from accumulated volume at $19.61 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.340 between high and low, or 1.73%. For the last week the ETF has had daily average volatility of 1.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HDGE) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect AdvisorShares Ranger Equity Bear ETF to open at $19.77, and during the day (based on 14 day Average True Range), to move between $19.36 and $19.97, which gives a possible trading interval of +/-$0.307 (+/-1.56%) up or down from last closing price. If AdvisorShares Ranger Equity Bear ETF takes out the full calculated possible swing range there will be an estimated 3.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.61 (0.27%) than the resistance at $19.98 (1.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AdvisorShares Ranger Equity Bear ETF ETF A Buy?
AdvisorShares Ranger Equity Bear holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -1.406 Sell Candidate Downgraded
Predicted Opening Price for AdvisorShares Ranger Equity Bear ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$19.77 ( 0.563%) | $19.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HDGE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.12 | 2.29 % | |
R2 | 19.99 | 1.63 % | ||
R1 | 19.90 | 1.22 % | ||
Current price: | 19.66 | |||
Support | S1 | 19.64 | -0.0978 % | |
S2 | 19.56 | -0.506 % | ||
S3 | 19.43 | -1.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.75 | 5.52 % | |
R2 | 20.26 | 3.03 % | ||
R1 | 19.98 | 1.61 % | ||
Current price | 19.66 | |||
Support | S1 | 19.61 | -0.275% | |
S2 | 19.22 | -2.26% | ||
S3 | 19.14 | -2.69% |
HDGE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 26, 2023 | Dec 26, 2023 | Dec 26, 2023 | $1.84 | 9.67% |
2 | Dec 26, 2019 | Dec 27, 2019 | Dec 31, 2019 | $0.120 | 0.224% |
FAQ
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