Einvest Better Future Fund (managed Trust Forecast
Einvest Better Future Fund (managed trust price ended at $5.00 on Wednesday, after gaining 1.01%.
(Updated on Jun 26, 2024)
The Einvest Better Future Fund (managed trust price gained 1.01% on the last trading day (Wednesday, 26th Jun 2024), rising from $4.95 to $5.00. During the last trading day the trust fluctuated 2.24% from a day low at $4.90 to a day high of $5.01. The price has risen in 6 of the last 10 days and is up by 2.67% 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, 10 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately $78.64 thousand.
The trustis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $5.05 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Einvest Better Future Fund (managed trust with a 90% probability to be traded between $4.81 and $5.10 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IMPQ.AX Signals & Forecast
The Einvest Better Future Fund (managed trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the trust 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 $4.92 and $4.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 2.67%. Further rise is indicated until a new top pivot has been found. Einvest Better Future Fund (managed 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. The very low volume increases the risk and reduces the other technical signals issued. 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).
Support, Risk & Stop-loss for Einvest Better Future Fund (managed trust
Einvest Better Future Fund (managed finds support from accumulated volume at $4.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.110 between high and low, or 2.24%. For the last week the trust has had daily average volatility of 1.49%.
Our recommended stop-loss: $4.72 (-5.59%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (IMPQ.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Einvest Better Future Fund (managed Fund) to open at $4.97, and during the day (based on 14 day Average True Range), to move between $4.90 and $5.10, which gives a possible trading interval of +/-$0.0981 (+/-1.96%) up or down from last closing price. If Einvest Better Future Fund (managed Fund) takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.04 (0.80%) than the support at $4.92 (1.60%), 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 Einvest Better Future Fund (managed Fund) trust A Buy?
Einvest Better Future Fund (managed 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: -0.619 Hold/Accumulate Unchanged
Predicted Opening Price for Einvest Better Future Fund (managed Fund) of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $4.97 ( 0.600%) | $5.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMPQ.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.08 | 1.60% |
| R2 | 5.04 | 0.760% |
| R1 | 5.01 | 0.240% |
| Price | 5.00 | |
| S1 | 4.93 | -1.44% |
| S2 | 4.90 | -1.96% |
| S3 | 4.86 | -2.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 5.04 | 0.80% |
| Price | 5.00 | |
| S1 | 4.92 | -1.60% |
| S2 | 4.90 | -2.00% |
| S3 | 4.88 | -2.40% |
FAQ
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