Horizon Kinetics Inflation Beneficiaries 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
Horizon Kinetics Inflation Beneficiaries ETF upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Horizon Kinetics Inflation Beneficiaries ETF price gained 1.12% on the last trading day (Friday, 17th May 2024), rising from $32.94 to $33.31. During the last trading day the ETF fluctuated 0.781% from a day low at $33.05 to a day high of $33.31. The price has risen in 6 of the last 10 days and is up by 3.89% 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, 7 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately $1.30 million.
The ETF lies in the middle of a 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 6.92% during the next 3 months and, with a 90% probability hold a price between $34.35 and $36.58 at the end of this 3-month period.
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INFL Signals & Forecast
Mostly positive signals in the chart today. The Horizon Kinetics Inflation Beneficiaries ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $32.95 and $32.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 5.07%. 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). Horizon Kinetics Inflation Beneficiaries 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. The ETF had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Horizon Kinetics Inflation Beneficiaries ETF
Horizon Kinetics Inflation Beneficiaries finds support from accumulated volume at $31.66 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 $0.258 between high and low, or 0.781%. For the last week the ETF has had daily average volatility of 0.784%.
Our recommended stop-loss: $31.64 (-5.01%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (INFL) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Horizon Kinetics Inflation Beneficiaries ETF to open at $33.22, and during the day (based on 14 day Average True Range), to move between $32.97 and $33.65, which gives a possible trading interval of +/-$0.341 (+/-1.02%) up or down from last closing price. If Horizon Kinetics Inflation Beneficiaries ETF takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $31.66, some $1.65 (4.95%) from the current price of $33.31, our system finds the risk reward attractive.
Is Horizon Kinetics Inflation Beneficiaries ETF ETF A Buy?
Horizon Kinetics Inflation Beneficiaries holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.158 Strong Buy Candidate Upgraded
Predicted Opening Price for Horizon Kinetics Inflation Beneficiaries ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $33.22 ( 0.258%) | $33.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INFL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.48 | 0.517 % | |
| R2 | 33.38 | 0.221 % | ||
| R1 | 33.32 | 0.0377 % | ||
| Current price: | 33.31 | |||
| Support | S1 | 33.12 | -0.555 % | |
| S2 | 33.06 | -0.737 % | ||
| S3 | 32.96 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 33.31 | |||
| Support | S1 | 31.66 | -4.95% | |
| S2 | 31.34 | -5.91% | ||
| S3 | 30.56 | -8.25% |
INFL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2024 | Mar 27, 2024 | Apr 01, 2024 | $0.158 | 0.485% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.114 | 0.360% |
| 3 | Sep 26, 2023 | Sep 27, 2023 | Sep 29, 2023 | $0.150 | 0.493% |
| 4 | Jun 27, 2023 | Jun 28, 2023 | Jun 30, 2023 | $0.158 | 0.517% |
| 5 | Mar 28, 2023 | Mar 29, 2023 | Mar 31, 2023 | $0.0800 | 0.259% |
FAQ
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