Allianzim U.s. Large Cap Buffer10 Jan ETF Forecast
Green day on Friday for Allianzim U.s. Large Cap Buffer10 Jan ETF after gaining 0.0021%
(Updated on Jun 28, 2024)
The Allianzim U.s. Large Cap Buffer10 Jan ETF price gained 0.0021% on the last trading day (Friday, 28th Jun 2024), rising from $34.05 to $34.05. It has now gained 4 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 0.453% from a day low at $34.05 to a day high of $34.20. The price has risen in 7 of the last 10 days and is up by 0.53% 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, 12 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately $460.95 thousand.
The ETF lies in the middle of a narrow and 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 2.47% during the next 3 months and, with a 90% probability hold a price between $34.77 and $35.10 at the end of this 3-month period.
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JANT Signals & Forecast
Mostly positive signals in the chart today. The Allianzim U.s. Large Cap Buffer10 Jan 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 $34.00 and $33.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 2.41%. 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). Allianzim U.s. Large Cap Buffer10 Jan 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.
Support, Risk & Stop-loss for Allianzim U.s. Large Cap Buffer10 Jan ETF
Allianzim U.s. Large Cap Buffer10 Jan finds support from accumulated volume at $33.65 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 $0.154 between high and low, or 0.453%. For the last week the ETF has had daily average volatility of 0.250%.
Our recommended stop-loss: $32.29 (-5.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (JANT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Allianzim U.s. Large Cap Buffer10 Jan Etf to open at $34.10, and during the day (based on 14 day Average True Range), to move between $33.92 and $34.17, which gives a possible trading interval of +/-$0.121 (+/-0.35%) up or down from last closing price. If Allianzim U.s. Large Cap Buffer10 Jan Etf takes out the full calculated possible swing range there will be an estimated 0.71% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $33.65, some $0.392 (1.15%) from the current price of $34.05, our system finds the risk reward attractive.
Is Allianzim U.s. Large Cap Buffer10 Jan 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 Allianzim U.s. Large Cap Buffer10 Jan ETF to perform well in the short-term.
Current score: 4.139 Buy Candidate Unchanged
Predicted Opening Price for Allianzim U.s. Large Cap Buffer10 Jan Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $34.10 ( 0.151%) | $34.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JANT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.25 | 0.604% |
| R2 | 34.19 | 0.431% |
| R1 | 34.16 | 0.324% |
| Price | 34.05 | |
| S1 | 34.04 | -0.0220% |
| S2 | 34.00 | -0.129% |
| S3 | 33.94 | -0.302% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 34.05 | |
| S1 | 33.65 | -1.15% |
| S2 | 33.46 | -1.74% |
| S3 | 33.25 | -2.35% |
FAQ
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