ETRACS Monthly Pay 2xLeveraged US High ETF Forecast
Stronger technical forecast for ETRACS Monthly Pay 2xLeveraged US High ETF price after Friday trading.
(Updated on May 03, 2024)
The ETRACS Monthly Pay 2xLeveraged US High ETF price gained 0.160% on the last trading day (Friday, 3rd May 2024), rising from $11.46 to $11.48. During the last trading day the ETF fluctuated 0.349% from a day low at $11.44 to a day high of $11.48. The price has risen in 4 of the last 10 days and is up by 0.35% over the past 2 weeks. Volume fell on the last day by -60 shares and in total, 335 shares were bought and sold for approximately $3.85 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 ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 4.32% during the next 3 months and, with a 90% probability hold a price between $11.54 and $13.19 at the end of this 3-month period.
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HDLB Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.77%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ETRACS Monthly Pay 2xLeveraged US High ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $11.70. On a fall, the ETF will find some support from the short-term average at $11.45. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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.
Support, Risk & Stop-loss for ETRACS Monthly Pay 2xLeveraged US High ETF
ETRACS Monthly Pay 2xLeveraged US High finds support from accumulated volume at $11.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.0399 between high and low, or 0.349%. For the last week the ETF has had daily average volatility of 0.143%.
Our recommended stop-loss: $10.93 (-4.77%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (HDLB) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B to open at $11.47, and during the day (based on 14 day Average True Range), to move between $11.32 and $11.64, which gives a possible trading interval of +/-$0.164 (+/-1.43%) up or down from last closing price. If ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.44 (0.35%) than the resistance at $11.56 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ETRACS Monthly Pay 2xLeveraged US High ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.897 Buy Candidate Upgraded
Predicted Opening Price for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$11.47 ( 0.116%) | $11.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HDLB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.51 | 0.232 % | |
R2 | 11.49 | 0.0989 % | ||
R1 | 11.48 | 0.0169 % | ||
Current price: | 11.48 | |||
Support | S1 | 11.45 | -0.249 % | |
S2 | 11.44 | -0.331 % | ||
S3 | 11.43 | -0.463 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.22 | 6.45 % | |
R2 | 11.68 | 1.73 % | ||
R1 | 11.56 | 0.698 % | ||
Current price | 11.48 | |||
Support | S1 | 11.44 | -0.348% | |
S2 | 11.31 | -1.48% | ||
S3 | 10.90 | -5.05% |
HDLB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | Apr 22, 2024 | $0.152 | 1.33% |
2 | Mar 11, 2024 | Mar 11, 2024 | Mar 20, 2024 | $0.0403 | 0.338% |
3 | Feb 09, 2024 | Feb 09, 2024 | Feb 21, 2024 | $0.143 | 1.26% |
4 | Jan 12, 2024 | Jan 12, 2024 | Jan 24, 2024 | $0.0947 | 0.85% |
5 | Dec 12, 2023 | Dec 12, 2023 | Dec 21, 2023 | $0.134 | 1.18% |
FAQ
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