Swan Hedged Equity US Large Cap ETF Forecast
Swan Hedged Equity US Large Cap ETF price ended at $20.45 on Wednesday, after gaining 0.196%.
(Updated on May 08, 2024)
The Swan Hedged Equity US Large Cap ETF price gained 0.196% on the last trading day (Wednesday, 8th May 2024), rising from $20.41 to $20.45. During the last trading day the ETF fluctuated 0.539% from a day low at $20.40 to a day high of $20.51. The price has risen in 6 of the last 10 days and is up by 1.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately $1.03 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Swan Hedged Equity US Large Cap ETF with a 90% probability to be traded between $20.18 and $20.96 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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HEGD Signals & Forecast
The Swan Hedged Equity US Large Cap ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $20.27 and $20.39. 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). Swan Hedged Equity US Large Cap has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Monday, May 06, 2024, and so far it has fallen -0.0977%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Swan Hedged Equity US Large Cap ETF
Swan Hedged Equity US Large Cap finds support from accumulated volume at $20.35 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 $0.110 between high and low, or 0.539%. For the last week the ETF has had daily average volatility of 0.631%.
Our recommended stop-loss: $19.67 (-3.82%) (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 (HEGD) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Swan Hedged Equity US Large Cap ETF to open at $20.45, and during the day (based on 14 day Average True Range), to move between $20.28 and $20.62, which gives a possible trading interval of +/-$0.169 (+/-0.82%) up or down from last closing price. If Swan Hedged Equity US Large Cap ETF takes out the full calculated possible swing range there will be an estimated 1.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.35 (0.49%) than the resistance at $20.67 (1.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Swan Hedged Equity US Large Cap ETF ETF A Buy?
Swan Hedged Equity US Large Cap 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.
Current score: -0.474 Hold/Accumulate Unchanged
Predicted Opening Price for Swan Hedged Equity US Large Cap ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $20.45 ( 0.0163%) | $20.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEGD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.56 | 0.554 % | |
| R2 | 20.52 | 0.349 % | ||
| R1 | 20.50 | 0.222 % | ||
| Current price: | 20.45 | |||
| Support | S1 | 20.41 | -0.189 % | |
| S2 | 20.39 | -0.316 % | ||
| S3 | 20.34 | -0.522 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.71 | 1.27 % | |
| R2 | 20.68 | 1.12 % | ||
| R1 | 20.67 | 1.08 % | ||
| Current price | 20.45 | |||
| Support | S1 | 20.35 | -0.489% | |
| S2 | 20.19 | -1.27% | ||
| S3 | 20.14 | -1.52% |
HEGD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0760 | 0.389% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.149 | 0.87% |
| 3 | Dec 28, 2021 | Dec 29, 2021 | Dec 31, 2021 | $0.0610 | 0.313% |
FAQ
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