Amplify International Enhanced Dividend ETF Forecast
Red day on Friday for Amplify International Enhanced Dividend ETF after losing 0.0329%
(Updated on Jun 28, 2024)
The Amplify International Enhanced Dividend ETF price fell by -0.0329% on the last day (Friday, 28th Jun 2024) from $30.41 to $30.40. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.92% from a day low at $30.34 to a day high of $30.62. The price has fallen in 6 of the last 10 days and is down by -0.75% for this period. Volume has increased on the last day by 13 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, 37 thousand shares were bought and sold for approximately $1.11 million.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $30.34 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Amplify International Enhanced Dividend ETF with a 90% probability to be traded between $30.83 and $32.82 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IDVO Signals & Forecast
The Amplify International Enhanced Dividend ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $30.50 and $31.11. A break-up above any of these levels will issue buy signals. Amplify International Enhanced Dividend gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.429%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Amplify International Enhanced Dividend ETF
Amplify International Enhanced Dividend finds support from accumulated volume at $30.29 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 $0.280 between high and low, or 0.92%. For the last week the ETF has had daily average volatility of 0.683%.
Our recommended stop-loss: $28.81 (-5.22%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (IDVO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amplify International Enhanced Dividend Income Etf to open at $30.45, and during the day (based on 14 day Average True Range), to move between $30.08 and $30.72, which gives a possible trading interval of +/-$0.316 (+/-1.04%) up or down from last closing price. If Amplify International Enhanced Dividend Income 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 support from accumulated volume at $30.29 (0.36%) than the resistance at $30.90 (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amplify International Enhanced Dividend Income Etf ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.101 Buy Candidate Unchanged
Predicted Opening Price for Amplify International Enhanced Dividend Income Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$30.45 ( 0.175%) | $30.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDVO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 30.73 | 1.10% |
R2 | 30.63 | 0.745% |
R1 | 30.56 | 0.527% |
Price | 30.40 | |
S1 | 30.35 | -0.176% |
S2 | 30.28 | -0.394% |
S3 | 30.17 | -0.746% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.66 | 4.14% |
R2 | 31.46 | 3.49% |
R1 | 30.90 | 1.64% |
Price | 30.40 | |
S1 | 30.29 | -0.362% |
S2 | 30.27 | -0.428% |
S3 | 29.95 | -1.48% |
FAQ
Click here for our free guide on how to buy Amplify International Enhanced Dividend Income Etf ETF.