ALPS International Sector Div Dogs ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
ALPS International Sector Div Dogs ETF price ended at $29.44 on Wednesday, after gaining 0.0340%.
(Updated on May 01, 2024)
The ALPS International Sector Div Dogs ETF price gained 0.0340% on the last trading day (Wednesday, 1st May 2024), rising from $29.43 to $29.44. During the last trading day the ETF fluctuated 1.39% from a day low at $29.37 to a day high of $29.78. The price has risen in 6 of the last 10 days and is up by 1.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $588.95 thousand.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.07% during the next 3 months and, with a 90% probability hold a price between $29.51 and $30.86 at the end of this 3-month period.
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IDOG Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ALPS International Sector Div Dogs has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ALPS International Sector Div Dogs ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $29.60 and $29.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.54%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Monday, April 29, 2024 and based on theory for this formation the price should fall by -5.44% to $27.84 within 18 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for ALPS International Sector Div Dogs ETF
ALPS International Sector Div Dogs finds support from accumulated volume at $29.37 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 $0.409 between high and low, or 1.39%. For the last week the ETF has had daily average volatility of 0.89%.
Our recommended stop-loss: $28.08 (-4.61%) (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 (IDOG) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect ALPS International Sector Div Dogs ETF to open at $29.53, and during the day (based on 14 day Average True Range), to move between $29.12 and $29.76, which gives a possible trading interval of +/-$0.323 (+/-1.10%) 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 2.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.45 (0.03%) than the support at $29.37 (0.24%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.299 Hold/Accumulate Unchanged
Predicted Opening Price for ALPS International Sector Div Dogs ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $29.53 ( 0.307%) | $29.44 |
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 | 29.94 | 1.70 % | |
| R2 | 29.78 | 1.17 % | ||
| R1 | 29.69 | 0.84 % | ||
| Current price: | 29.44 | |||
| Support | S1 | 29.37 | -0.223 % | |
| S2 | 29.28 | -0.551 % | ||
| S3 | 29.12 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.64 | 0.679 % | |
| R2 | 29.57 | 0.442 % | ||
| R1 | 29.45 | 0.0340 % | ||
| Current price | 29.44 | |||
| Support | S1 | 29.37 | -0.238% | |
| S2 | 28.82 | -2.11% | ||
| S3 | 28.76 | -2.31% |
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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