DHANDHO JUNOON ETF Stock Forecast
DHANDHO JUNOON ETF stock price up 0.234% on Friday
(Updated on Jun 28, 2024)
The DHANDHO JUNOON ETF stock price gained 0.234% on the last trading day (Friday, 28th Jun 2024), rising from $4.27 to $4.28. During the last trading day the stock fluctuated 2.95% from a day low at $4.21 to a day high of $4.33. The price has fallen in 5 of the last 10 days but is still up by 0.12% 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, 131 thousand more shares were traded than the day before. In total, 131 thousand shares were bought and sold for approximately $560.50 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 3.57% during the next 3 months and, with a 90% probability hold a price between $4.34 and $5.02 at the end of this 3-month period.
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JUNE Signals & Forecast
There are mixed signals in the stock today. The DHANDHO JUNOON ETF stock 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 $4.31 and $4.31. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 3.88%. 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). DHANDHO JUNOON ETF 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 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.124 between high and low, or 2.95%. For the last week the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: $4.07 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (JUNE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect DHANDHO JUNOON ETF to open at $4.27, and during the day (based on 14 day Average True Range), to move between $4.12 and $4.44, which gives a possible trading interval of +/-$0.161 (+/-3.76%) up or down from last closing price. If DHANDHO JUNOON ETF takes out the full calculated possible swing range there will be an estimated 7.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.30 (0.47%) than the support at $4.10 (4.21%), 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?
DHANDHO JUNOON ETF 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 DHANDHO JUNOON ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $4.27 ( 0.125%) | $4.28 |
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 | 4.40 | 2.77% |
| R2 | 4.35 | 1.67% |
| R1 | 4.32 | 0.98% |
| Price | 4.28 | |
| S1 | 4.23 | -1.23% |
| S2 | 4.20 | -1.92% |
| S3 | 4.15 | -3.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.74 | 10.75% |
| R2 | 4.48 | 4.67% |
| R1 | 4.30 | 0.467% |
| Price | 4.28 | |
| S1 | 4.10 | -4.21% |
| S2 | 4.06 | -5.14% |
| S3 | 4.00 | -6.54% |
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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