Horizons Global Uranium Index ETF Forecast
Horizons Global Uranium Index ETF price ended at $37.41 on Thursday, after losing 0.160%.
(Updated on Apr 18, 2024)
The Horizons Global Uranium Index ETF price fell by -0.160% on the last day (Thursday, 18th Apr 2024) from $37.47 to $37.41. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.321% from a day low at $37.41 to a day high of $37.53. The price has fallen in 6 of the last 10 days and is down by -3.71% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -1 thousand shares and in total, 1 thousand shares were bought and sold for approximately $53.42 thousand.
The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.49% during the next 3 months and, with a 90% probability hold a price between $32.18 and $38.30 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HURA.TO Signals & Forecast
The Horizons Global Uranium Index 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 $38.49. On a fall, the ETF will find some support from the long-term average at approximately $36.79. 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. 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 Wednesday, April 03, 2024, and so far it has fallen -6.33%. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Horizons Global Uranium Index ETF
Horizons Global Uranium Index finds support from accumulated volume at $35.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.120 between high and low, or 0.321%. For the last week the ETF has had daily average volatility of 2.35%.
Our recommended stop-loss: $35.53 (-5.02%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (HURA.TO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Horizons Global Uranium Index ETF to open at $37.45, and during the day (based on 14 day Average True Range), to move between $36.56 and $38.26, which gives a possible trading interval of +/-$0.85 (+/-2.28%) up or down from last closing price. If Horizons Global Uranium Index ETF takes out the full calculated possible swing range there will be an estimated 4.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.10 (4.52%) than the support at $35.70 (4.57%), 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 Global Uranium Index ETF ETF A Buy?
Horizons Global Uranium Index 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: -0.025 Hold/Accumulate Unchanged
Predicted Opening Price for Horizons Global Uranium Index ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $37.45 ( 0.107%) | $37.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HURA.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.57 | 0.428 % | |
| R2 | 37.52 | 0.305 % | ||
| R1 | 37.50 | 0.229 % | ||
| Current price: | 37.41 | |||
| Support | S1 | 37.40 | -0.0156 % | |
| S2 | 37.38 | -0.0913 % | ||
| S3 | 37.33 | -0.214 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.15 | 10.00 % | |
| R2 | 39.11 | 4.54 % | ||
| R1 | 39.10 | 4.52 % | ||
| Current price | 37.41 | |||
| Support | S1 | 35.70 | -4.57% | |
| S2 | 35.30 | -5.64% | ||
| S3 | 35.09 | -6.20% |
HURA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.358 | 1.03% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.319 | 1.47% |
| 3 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.293 | 1.28% |
| 4 | Dec 30, 2020 | Dec 30, 2020 | Dec 30, 2020 | $0.0870 | 0.633% |
| 5 | Dec 30, 2019 | Dec 30, 2019 | Dec 30, 2019 | $0.0680 | 0.81% |
FAQ
Click here for our free guide on how to buy Horizons Global Uranium Index ETF ETF.
