Inspire Small/Mid Cap Impact ETF Forecast
Inspire Small/Mid Cap Impact ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Inspire Small/Mid Cap Impact ETF price gained 0.639% on the last trading day (Friday, 28th Jun 2024), rising from $34.41 to $34.63. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.02% from a day low at $34.38 to a day high of $34.73. The price has risen in 6 of the last 10 days but is still down by -0.09% for this period. Volume fell on the last day by -565 shares and in total, 41 thousand shares were bought and sold for approximately $1.42 million. 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 moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Inspire Small/Mid Cap Impact ETF with a 90% probability to be traded between $33.72 and $36.81 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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ISMD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.43%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Inspire Small/Mid Cap Impact 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 $35.03. On a fall, the ETF will find some support from the short-term average at $34.41. 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. 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.
Support, Risk & Stop-loss for Inspire Small/Mid Cap Impact ETF
Inspire Small/Mid Cap Impact finds support from accumulated volume at $34.46 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 therefore the general risk is considered very 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 $0.350 between high and low, or 1.02%. For the last week the ETF has had daily average volatility of 0.786%
Our recommended stop-loss: $32.82 (-5.23%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (ISMD) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Inspire Small/Mid Cap Impact to open at $34.58, and during the day (based on 14 day Average True Range), to move between $34.21 and $35.05, which gives a possible trading interval of +/-$0.419 (+/-1.21%) up or down from last closing price. If Inspire Small/Mid Cap Impact takes out the full calculated possible swing range there will be an estimated 2.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.66 (0.09%) than the support at $34.46 (0.50%), 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 Inspire Small/Mid Cap Impact 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 Inspire Small/Mid Cap Impact ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.408 Buy Candidate Upgraded
Predicted Opening Price for Inspire Small/Mid Cap Impact of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $34.58 ( 0.144%) | $34.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISMD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.93 | 0.87% |
| R2 | 34.80 | 0.480% |
| R1 | 34.71 | 0.242% |
| Price | 34.63 | |
| S1 | 34.45 | -0.530% |
| S2 | 34.36 | -0.769% |
| S3 | 34.23 | -1.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.47 | 2.43% |
| R2 | 35.07 | 1.27% |
| R1 | 34.66 | 0.0866% |
| Price | 34.63 | |
| S1 | 34.46 | -0.495% |
| S2 | 33.88 | -2.17% |
| S3 | 33.57 | -3.06% |
ISMD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2024 | Mar 27, 2024 | Apr 02, 2024 | $0.124 | 0.356% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.0890 | 0.260% |
| 3 | Sep 21, 2023 | Sep 22, 2023 | Oct 02, 2023 | $0.109 | 0.364% |
| 4 | Jun 22, 2023 | Jun 23, 2023 | Jul 03, 2023 | $0.0979 | 0.303% |
| 5 | Mar 24, 2023 | Mar 27, 2023 | Apr 03, 2023 | $0.110 | 0.355% |
FAQ
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