Trueshares Structured Outcome (january) ETF Forecast

Red day on Tuesday for Trueshares Structured Outcome (january) ETF after losing 0.0611%
(Updated on Jun 25, 2024)

JANZ Signals & Forecast

The Trueshares Structured Outcome (january) 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 $33.20 and $32.71. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.306%. Further fall is indicated until a new bottom pivot has been found. Trueshares Structured Outcome (january) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Trueshares Structured Outcome (january) ETF

Trueshares Structured Outcome (january) finds support from accumulated volume at $33.02 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 $0.0799 between high and low, or 0.241%. For the last week the ETF has had daily average volatility of 0.192%.

Our recommended stop-loss: $32.41 (-2.43%) (This ETF has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (JANZ) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Trueshares Structured Outcome (january) Etf to open at $33.19, and during the day (based on 14 day Average True Range), to move between $33.05 and $33.39, which gives a possible trading interval of +/-$0.172 (+/-0.52%) up or down from last closing price. If Trueshares Structured Outcome (january) Etf takes out the full calculated possible swing range there will be an estimated 1.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $33.24 (0.06%) than the support at $33.02 (0.61%), 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 Trueshares Structured Outcome (january) Etf ETF A Buy?

Trueshares Structured Outcome (january) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Trueshares Structured Outcome (january) Etf of Wednesday, June 26, 2024

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