Alpha Architect International ETF Forecast
Alpha Architect International ETF upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Alpha Architect International ETF price gained 1.73% on the last trading day (Friday, 26th Apr 2024), rising from $27.16 to $27.63. During the last trading day the ETF fluctuated 0.700% from a day low at $27.44 to a day high of $27.63. The price has fallen in 6 of the last 10 days and is down by -1.99% for this period. Volume fell on the last day by -3 thousand shares and in total, 6 thousand shares were bought and sold for approximately $168.02 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 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 $27.16 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Alpha Architect International ETF with a 90% probability to be traded between $27.66 and $30.09 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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IMOM Signals & Forecast
There are mixed signals in the ETF today. The Alpha Architect International ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $28.49. On a fall, the ETF will find some support from the short-term average at $27.41. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.88%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Alpha Architect International ETF
Alpha Architect International finds support from accumulated volume at $27.52 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 controlled movements and therefore the general risk is considered 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 $0.192 between high and low, or 0.700%. For the last week the ETF has had daily average volatility of 0.98%.
Our recommended stop-loss: $26.17 (-5.30%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (IMOM) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Alpha Architect International Quantitative Momentum ETF to open at $27.57, and during the day (based on 14 day Average True Range), to move between $27.26 and $28.00, which gives a possible trading interval of +/-$0.366 (+/-1.32%) up or down from last closing price. If Alpha Architect International Quantitative Momentum ETF takes out the full calculated possible swing range there will be an estimated 2.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.52 (0.40%) than the resistance at $28.38 (2.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alpha Architect International Quantitative Momentum ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Alpha Architect International ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.148 Buy Candidate Upgraded
Predicted Opening Price for Alpha Architect International Quantitative Momentum ETF of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$27.57 ( 0.232%) | $27.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMOM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.76 | 0.464 % | |
R2 | 27.68 | 0.198 % | ||
R1 | 27.64 | 0.0339 % | ||
Current price: | 27.63 | |||
Support | S1 | 27.49 | -0.498 % | |
S2 | 27.45 | -0.662 % | ||
S3 | 27.37 | -0.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 29.37 | 6.30 % | |
R2 | 29.20 | 5.68 % | ||
R1 | 28.38 | 2.71 % | ||
Current price | 27.63 | |||
Support | S1 | 27.52 | -0.398% | |
S2 | 27.28 | -1.27% | ||
S3 | 27.22 | -1.48% |
IMOM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 22, 2023 | $0.777 | 2.97% |
2 | Dec 28, 2022 | Dec 29, 2022 | Jan 06, 2023 | $1.51 | 6.02% |
3 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.359 | 1.08% |
4 | Sep 10, 2021 | Sep 13, 2021 | Sep 20, 2021 | $0.0710 | 0.195% |
5 | Jun 12, 2020 | Jun 15, 2020 | Jun 22, 2020 | $0.0840 | 0.318% |
FAQ
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