COLUMBIA INDIA CONSUMER COLUMBIA INDIA ETF Forecast
COLUMBIA INDIA CONSUMER COLUMBIA INDIA ETF price ended at $69.84 on Tuesday, after losing 0.200%.
(Updated on Jun 25, 2024)
The COLUMBIA INDIA CONSUMER COLUMBIA INDIA ETF price fell by -0.200% on the last day (Tuesday, 25th Jun 2024) from $69.98 to $69.84. During the last trading day the ETF fluctuated 0.244% from a day low at $69.76 to a day high of $69.93. The price has been going up and down for this period, and there has been a 0.47% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -44 thousand shares and in total, 38 thousand shares were bought and sold for approximately $2.65 million.
The ETF lies in the middle of a strong 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 10.87% during the next 3 months and, with a 90% probability hold a price between $74.49 and $79.23 at the end of this 3-month period.
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INCO Signals & Forecast
The COLUMBIA INDIA CONSUMER COLUMBIA INDIA ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $70.16. On a fall, the ETF will find some support from the long-term average at approximately $67.47. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.65%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for COLUMBIA INDIA CONSUMER COLUMBIA INDIA ETF
COLUMBIA INDIA CONSUMER COLUMBIA INDIA finds support from accumulated volume at $69.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.170 between high and low, or 0.244%. For the last week, the ETF has had daily average volatility of 0.425%.
Our recommended stop-loss: $67.28 (-3.67%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (INCO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect COLUMBIA INDIA CONSUMER ETF COLUMBIA INDIA CONSUMER ETF to open at $69.84, and during the day (based on 14 day Average True Range), to move between $69.12 and $70.56, which gives a possible trading interval of +/-$0.719 (+/-1.03%) up or down from last closing price. If COLUMBIA INDIA CONSUMER ETF COLUMBIA INDIA CONSUMER ETF takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $69.98 (0.20%) than the support at $69.54 (0.43%), 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 COLUMBIA INDIA CONSUMER ETF COLUMBIA INDIA CONSUMER ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for COLUMBIA INDIA CONSUMER COLUMBIA INDIA ETF to perform well in the short-term.
Current score: 1.685 Buy Candidate Unchanged
Predicted Opening Price for COLUMBIA INDIA CONSUMER ETF COLUMBIA INDIA CONSUMER ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $69.84 ( 0.0048%) | $69.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INCO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 70.01 | 0.248% |
| R2 | 69.95 | 0.155% |
| R1 | 69.91 | 0.0978% |
| Price | 69.84 | |
| S1 | 69.78 | -0.0882% |
| S2 | 69.74 | -0.146% |
| S3 | 69.67 | -0.239% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 70.76 | 1.32% |
| R2 | 70.60 | 1.09% |
| R1 | 69.98 | 0.200% |
| Price | 69.84 | |
| S1 | 69.54 | -0.430% |
| S2 | 69.51 | -0.473% |
| S3 | 63.15 | -9.58% |
INCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $2.24 | 3.93% |
| 2 | Dec 16, 2022 | Dec 19, 2022 | Dec 27, 2022 | $4.80 | 10.62% |
| 3 | Feb 05, 2021 | Dec 20, 2021 | Dec 27, 2021 | $3.37 | 6.40% |
| 4 | Dec 17, 2020 | Dec 18, 2020 | Dec 28, 2020 | $0.165 | 0.348% |
| 5 | May 10, 2019 | Dec 20, 2019 | Dec 26, 2019 | $0.120 | 0.285% |
FAQ
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