Horizons Usd Cash Maximizer Etf ETF Forecast
Horizons Usd Cash Maximizer Etf ETF price down 0.0272% on Thursday
(Updated on Jun 20, 2024)
The Horizons Usd Cash Maximizer Etf ETF price fell by -0.0272% on the last day (Thursday, 20th Jun 2024) from $110.38 to $110.35. During the last trading day the ETF fluctuated 0.0453% from a day low at $110.35 to a day high of $110.40. The price has risen in 5 of the last 10 days and is up by 0.19% over the past 2 weeks. Volume has increased on the last day by 109 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 128 thousand shares were bought and sold for approximately $14.17 million.
Given the current horizontal trend, you can expect Horizons Usd Cash Maximizer Etf ETF with a 90% probability to be traded between $111.79 and $111.88 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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HSUV-U.TO Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -0.0272%. 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). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The Horizons Usd Cash Maximizer Etf 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 $110.34 and $110.04. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Horizons Usd Cash Maximizer Etf ETF
Horizons Usd Cash Maximizer Etf finds support from accumulated volume at $109.58 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 $0.0500 between high and low, or 0.0453%. For the last week the ETF has had daily average volatility of 0.0689%.
Our recommended stop-loss: $106.01 (-3.94%) (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 (HSUV-U.TO) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Horizons Usd Cash Maximizer Etf to open at $110.37, and during the day (based on 14 day Average True Range), to move between $110.26 and $110.44, which gives a possible trading interval of +/-$0.0885 (+/-0.08%) up or down from last closing price. If Horizons Usd Cash Maximizer Etf takes out the full calculated possible swing range there will be an estimated 0.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $110.37 (0.02%) than the support at $109.58 (0.70%), 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 Usd Cash Maximizer Etf ETF A Buy?
Horizons Usd Cash Maximizer 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: 0.255 Hold/Accumulate Unchanged
Predicted Opening Price for Horizons Usd Cash Maximizer Etf of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $110.37 ( 0.0151%) | $110.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSUV-U.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 110.42 | 0.0604% |
| R2 | 110.40 | 0.0431% |
| R1 | 110.39 | 0.0324% |
| Price | 110.35 | |
| S1 | 110.35 | -0.0022% |
| S2 | 110.34 | -0.0129% |
| S3 | 110.32 | -0.0302% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 110.38 | 0.0272% |
| R1 | 110.37 | 0.0181% |
| Price | 110.35 | |
| S1 | 109.58 | -0.698% |
| S2 | 109.48 | -0.788% |
| S3 | 109.29 | -0.96% |
FAQ
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