DHANDHO JUNOON ETF Stock Forecast
Stronger technical forecast for DHANDHO JUNOON ETF stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The DHANDHO JUNOON ETF stock price fell by -0.463% on the last day (Tuesday, 25th Jun 2024) from $4.32 to $4.30. During the last trading day the stock fluctuated 1.17% from a day low at $4.27 to a day high of $4.32. The price has fallen in 6 of the last 10 days but is still up by 0.47% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 5 thousand shares were bought and sold for approximately $21.21 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.19 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.90% during the next 3 months and, with a 90% probability hold a price between $4.35 and $5.04 at the end of this 3-month period.
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JUNE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 4.37%. 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 DHANDHO JUNOON ETF stock 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.34. On a fall, the stock will find some support from the short-term average at $4.29. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for DHANDHO JUNOON ETF stock
DHANDHO JUNOON ETF finds support from accumulated volume at $4.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock 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 stock During the last day, the stock moved $0.0500 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 2.40%
Our recommended stop-loss: $4.07 (-5.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (JUNE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect DHANDHO JUNOON ETF to open at $4.30, and during the day (based on 14 day Average True Range), to move between $4.13 and $4.47, which gives a possible trading interval of +/-$0.174 (+/-4.06%) up or down from last closing price. If DHANDHO JUNOON ETF takes out the full calculated possible swing range there will be an estimated 8.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.48 (4.19%) than the support at $4.10 (4.65%), 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 DHANDHO JUNOON ETF stock 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 DHANDHO JUNOON ETF stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.133 Buy Candidate Upgraded
Predicted Opening Price for DHANDHO JUNOON ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $4.30 ( 0.0775%) | $4.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JUNE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.35 | 1.09% |
| R2 | 4.33 | 0.641% |
| R1 | 4.32 | 0.367% |
| Price | 4.30 | |
| S1 | 4.28 | -0.522% |
| S2 | 4.27 | -0.796% |
| S3 | 4.25 | -1.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.74 | 10.23% |
| R2 | 4.56 | 6.05% |
| R1 | 4.48 | 4.19% |
| Price | 4.30 | |
| S1 | 4.10 | -4.65% |
| S2 | 4.06 | -5.58% |
| S3 | 4.00 | -6.98% |
JUNE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 23, 2017 | Jun 26, 2017 | Jun 29, 2017 | $0.0300 | 0.120% |
| 2 | Dec 20, 2016 | Dec 21, 2016 | Dec 29, 2016 | $0.220 | 0.83% |
FAQ
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