Swan Hedged Equity US Large Cap ETF Forecast

Swan Hedged Equity US Large Cap ETF downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 30, 2024)

HEGD Signals & Forecast

The Swan Hedged Equity US Large Cap ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $20.71. On a fall, the ETF will find some support from the long-term average at approximately $20.42. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, May 21, 2024, and so far it has fallen -1.20%. 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).

Support, Risk & Stop-loss for Swan Hedged Equity US Large Cap ETF

Swan Hedged Equity US Large Cap finds support from accumulated volume at $20.40 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 $0.152 between high and low, or 0.740%. For the last week the ETF has had daily average volatility of 0.695%.

Our recommended stop-loss: $19.73 (-4.17%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (HEGD) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect Swan Hedged Equity US Large Cap ETF to open at $20.61, and during the day (based on 14 day Average True Range), to move between $20.44 and $20.74, which gives a possible trading interval of +/-$0.146 (+/-0.71%) 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 1.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $20.67 (0.39%) than the support at $20.40 (0.92%), 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 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. 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 Hold/Accumulate candidate.

Current score: 0.587 Hold/Accumulate Downgraded

Predicted Opening Price for Swan Hedged Equity US Large Cap ETF of Friday, May 31, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.