BlueStar TA-BIGITech Israel Technology 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
Green day on Thursday for BlueStar TA-BIGITech Israel Technology
(Updated on Apr 18, 2024)
The BlueStar TA-BIGITech Israel Technology ETF price gained 1.36% on the last trading day (Thursday, 18th Apr 2024), rising from $43.77 to $44.37. During the last trading day the ETF fluctuated 0.260% from a day low at $44.25 to a day high of $44.37. The price has fallen in 6 of the last 10 days and is down by -5.26% for this period. Volume fell on the last day by -8 thousand shares and in total, 1 thousand shares were bought and sold for approximately $63.35 thousand. 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 at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $43.77 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect BlueStar TA-BIGITech Israel Technology ETF with a 90% probability to be traded between $43.63 and $48.80 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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ITEQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.36%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BlueStar TA-BIGITech Israel Technology ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $44.75 and $47.17. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BlueStar TA-BIGITech Israel Technology ETF
BlueStar TA-BIGITech Israel Technology finds support from accumulated volume at $44.20 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, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.115 between high and low, or 0.260%. For the last week the ETF has had daily average volatility of 1.70%.
BlueStar TA-BIGITech Israel Technology is oversold on RSI14 (21). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ITEQ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect BlueStar TA-BIGITech Israel Technology ETF to open at $44.33, and during the day (based on 14 day Average True Range), to move between $43.63 and $45.10, which gives a possible trading interval of +/-$0.730 (+/-1.65%) up or down from last closing price. If BlueStar TA-BIGITech Israel Technology ETF takes out the full calculated possible swing range there will be an estimated 3.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.20 (0.37%) than the resistance at $45.13 (1.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BlueStar TA-BIGITech Israel Technology ETF ETF A Buy?
BlueStar TA-BIGITech Israel Technology holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.035 Sell Candidate Unchanged
Predicted Opening Price for BlueStar TA-BIGITech Israel Technology ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $44.33 ( 0.0864%) | $44.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITEQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.44 | 0.173 % | |
| R2 | 44.40 | 0.0738 % | ||
| R1 | 44.37 | 0.0126 % | ||
| Current price: | 44.37 | |||
| Support | S1 | 44.28 | -0.185 % | |
| S2 | 44.26 | -0.247 % | ||
| S3 | 44.21 | -0.346 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.40 | 9.10 % | |
| R2 | 46.03 | 3.75 % | ||
| R1 | 45.13 | 1.73 % | ||
| Current price | 44.37 | |||
| Support | S1 | 44.20 | -0.372% | |
| S2 | 43.88 | -1.09% | ||
| S3 | 43.77 | -1.34% |
ITEQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2021 | Mar 23, 2021 | Mar 25, 2021 | $0.0500 | 0.0779% |
| 2 | Dec 11, 2020 | Dec 14, 2020 | Dec 16, 2020 | $0.390 | 0.602% |
| 3 | Sep 19, 2019 | Sep 20, 2019 | Sep 24, 2019 | $0.0100 | 0.0248% |
| 4 | Dec 21, 2018 | Dec 24, 2018 | Dec 27, 2018 | $0.0920 | 0.298% |
| 5 | Dec 22, 2017 | Dec 26, 2017 | Dec 28, 2017 | $0.172 | 0.542% |
FAQ
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