ALPS International Sector Div Dogs ETF Forecast
Green day on Friday for ALPS International Sector Div Dogs ETF after gaining 0.678%
(Updated on Apr 26, 2024)
The ALPS International Sector Div Dogs ETF price gained 0.678% on the last trading day (Friday, 26th Apr 2024), rising from $29.52 to $29.72. During the last trading day the ETF fluctuated 0.472% from a day low at $29.69 to a day high of $29.83. The price has been going up and down for this period, and there has been a 2.03% gain for the last 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 8 thousand shares were bought and sold for approximately $242.16 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ALPS International Sector Div Dogs ETF with a 90% probability to be traded between $29.41 and $30.74 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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IDOG Signals & Forecast
The ALPS International Sector Div Dogs 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 $29.41 and $29.55. 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 3.18%. 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.
Support, Risk & Stop-loss for ALPS International Sector Div Dogs ETF
ALPS International Sector Div Dogs finds support from accumulated volume at $29.64 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 $0.140 between high and low, or 0.472%. For the last week the ETF has had daily average volatility of 0.91%
Our recommended stop-loss: $28.28 (-4.84%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (IDOG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect ALPS International Sector Div Dogs ETF to open at $29.75, and during the day (based on 14 day Average True Range), to move between $29.41 and $30.03, which gives a possible trading interval of +/-$0.309 (+/-1.04%) up or down from last closing price. If ALPS International Sector Div Dogs ETF takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.74 (0.06%) than the support at $29.64 (0.27%), 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 ALPS International Sector Div Dogs ETF ETF A Buy?
ALPS International Sector Div Dogs 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: -0.674 Hold/Accumulate Unchanged
Predicted Opening Price for ALPS International Sector Div Dogs ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $29.75 ( 0.0897%) | $29.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDOG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.89 | 0.561 % | |
| R2 | 29.83 | 0.381 % | ||
| R1 | 29.80 | 0.270 % | ||
| Current price: | 29.72 | |||
| Support | S1 | 29.69 | -0.0902 % | |
| S2 | 29.66 | -0.201 % | ||
| S3 | 29.61 | -0.381 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.79 | 0.236 % | |
| R2 | 29.75 | 0.101 % | ||
| R1 | 29.74 | 0.0646 % | ||
| Current price | 29.72 | |||
| Support | S1 | 29.64 | -0.269% | |
| S2 | 29.57 | -0.505% | ||
| S3 | 29.45 | -0.91% |
IDOG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 26, 2024 | $0.218 | 0.736% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.244 | 0.82% |
| 3 | Feb 20, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.228 | 0.84% |
| 4 | Feb 20, 2023 | Jun 22, 2023 | Jun 27, 2023 | $0.635 | 2.29% |
| 5 | Feb 20, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.344 | 1.28% |
FAQ
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