Graniteshares Hips Us High Income Etf ETF Forecast

Green day on Monday for Graniteshares Hips Us High Income Etf
(Updated on Apr 22, 2024)

HIPS Signals & Forecast

The Graniteshares Hips Us High Income Etf 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 $12.49 and $12.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.63%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not. The ETF had a Golden Star Signal on Thursday, February 15, 2024 in the short-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 ETF in question.

Support, Risk & Stop-loss for Graniteshares Hips Us High Income Etf ETF

Graniteshares Hips Us High Income Etf finds support from accumulated volume at $12.55 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.110 between high and low, or 0.88%. For the last week the ETF has had daily average volatility of 0.666%

Our recommended stop-loss: $12.07 (-4.68%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (HIPS) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Graniteshares Hips Us High Income Etf to open at $12.63, and during the day (based on 14 day Average True Range), to move between $12.54 and $12.79, which gives a possible trading interval of +/-$0.123 (+/-0.97%) up or down from last closing price. If Graniteshares Hips Us High Income Etf takes out the full calculated possible swing range there will be an estimated 1.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.69 (0.16%) than the support at $12.55 (0.91%), 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 Graniteshares Hips Us High Income Etf ETF A Buy?

Graniteshares Hips Us High Income Etf 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: 0.334 Hold/Accumulate Unchanged

Predicted Opening Price for Graniteshares Hips Us High Income Etf of Tuesday, April 23, 2024

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