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Stop-loss: $66.39 (-4.17%)
Key Stats
Beta 1.1
Trailing Dividend Rate 0.63% ($0.44)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 50 and the ETF is currently not being overbought or oversold

BlueStar TA-BIGITech Israel Technology ETF price ended on $69.28 on Friday after losing 1.01% (Updated on July 30, 2021)


Buy candidate since 2021-07-28 Loss -0.92%

The BlueStar TA-BIGITech Israel Technology ETF price fell by -1.01% on the last day (Friday, 30th Jul 2021) from $69.99 to $69.28. During the day the ETF fluctuated 1.21% from a day low at $69.23 to a day high of $70.07. The price has risen in 7 of the last 10 days and is up by 4.82% over the past 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 -55 thousand shares and in total, 20 thousand shares were bought and sold for approximately $1.40 million.

The ETF lies in the middle of a wide and 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 10.46% during the next 3 months and, with a 90% probability hold a price between $72.79 and $81.66 at the end of this 3-month period.

Signals & Forecast

The BlueStar TA-BIGITech Israel Technology 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 $69.51. On a fall, the ETF will find some support from the long-term average at approximately $68.92. 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 months 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 Monday, June 28, 2021, and so far it has fallen -2.87%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

On the downside, the ETF finds support just below today's level from accumulated volume at $65.72 and $62.77. There is natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, BlueStar TA-BIGITech Israel Technology finds support just below today's level at $65.72. If this is broken, then the next support from accumulated volume will be at $62.77 and $62.00.

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 $0.84 between high and low, or 1.21%. For the last week the ETF has had a daily average volatility of 1.49%

Our recommended stop-loss: $66.39 (-4.17%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 day(s) ago.)

Is BlueStar TA-BIGITech Israel Technology 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 BlueStar TA-BIGITech Israel Technology ETF to perform well in the short-term.

Current score: 2.070

Predicted Opening Price for BlueStar TA-BIGITech Israel Technology ETF of Monday, August 2, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price August 2, 2021 Current price
$69.53 $69.28 (Undervalued)
Buy Candidate Unchanged

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Volatility
1.49 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $69.37
Price: $69.28
Support: $65.72

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 70.37 1.56 %
70.05 1.10 %
69.85 0.82 %
Current price: 69.28
Support 69.21 -0.11 %
69.01 -0.40 %
68.69 -0.86 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 70.03 1.08 %
69.99 1.02 %
69.37 0.12 %
Current price 69.28
Support 65.72 -5.14%
62.77 -9.40%
62.00 -10.51%

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About BlueStar TA-BIGITech Israel Technology ETF

The investment seeks to provide investment results that correspond generally to the total return performance of the TASE-BlueStar Israel Global Technology Index™ ("TA-BIGITech™"). The fund will invest at least 80% of its total assets in the component securities of the index and in depositary receipts representing such securities. As a result, normally the fund will invest at least 80% of its total assets in Israeli technology companies. TA-B... Read more

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