Horizons Resolve Adaptive Asset ETF Forecast

Horizons Resolve Adaptive Asset ETF price down 0% on Friday
(Updated on Jun 28, 2024)

HRAA.TO Signals & Forecast

The Horizons Resolve Adaptive Asset ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $11.84 and $11.84. 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). 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 Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Horizons Resolve Adaptive Asset ETF

Horizons Resolve Adaptive Asset finds support from accumulated volume at $11.82 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.186%

The Horizons Resolve Adaptive Asset ETF is extremely overbought on RSI14 (73). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.

Our recommended stop-loss: $11.53 (-3.54%) (This ETF has low daily movements and this gives low risk. The RSI14 is 73 and this increases the risk substantially. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (HRAA.TO) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Horizons Resolve Adaptive Asset Allocation Etf to open at $11.95, and during the day (based on 14 day Average True Range), to move between $11.90 and $12.00, which gives a possible trading interval of +/-$0.0465 (+/-0.39%) up or down from last closing price. If Horizons Resolve Adaptive Asset Allocation Etf takes out the full calculated possible swing range there will be an estimated 0.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.98 (0.25%) than the support at $11.82 (1.09%), 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 Horizons Resolve Adaptive Asset Allocation Etf ETF A Buy?

Horizons Resolve Adaptive Asset 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: -0.500 Hold/Accumulate Unchanged

Predicted Opening Price for Horizons Resolve Adaptive Asset Allocation Etf of Tuesday, July 2, 2024

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