Formidable Fortress Etf ETF Forecast
Formidable Fortress Etf ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
No changes to the price of Formidable Fortress Etf ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $26.83 to a day high of $26.83. The price has been going up and down for this period, and there has been a 0.83% gain for the last 2 weeks.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.77 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 ETF is expected to rise 2.15% during the next 3 months and, with a 90% probability hold a price between $27.35 and $27.78 at the end of this 3-month period.
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KONG Signals & Forecast
The Formidable Fortress Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $26.93. On a fall, the ETF will find some support from the long-term average at approximately $26.69. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, June 24, 2024, and so far it has fallen -0.96%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Formidable Fortress Etf ETF
Formidable Fortress Etf finds support from accumulated volume at $26.70 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 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 ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.275%
Our recommended stop-loss: $25.80 (-3.84%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (KONG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Formidable Fortress Etf to open at $26.83, and during the day (based on 14 day Average True Range), to move between $26.66 and $27.00, which gives a possible trading interval of +/-$0.169 (+/-0.63%) up or down from last closing price. If Formidable Fortress Etf takes out the full calculated possible swing range there will be an estimated 1.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.89 (0.22%) than the support at $26.70 (0.48%), 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 Formidable Fortress 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 Formidable Fortress Etf ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.058 Buy Candidate Upgraded
Predicted Opening Price for Formidable Fortress Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$26.83 ( 0%) | $26.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KONG
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.83 | - |
R2 | 26.83 | - |
R1 | 26.83 | - |
Price | 26.83 | |
S1 | 26.83 | - |
S2 | 26.83 | - |
S3 | 26.83 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.96 | 0.498% |
R2 | 26.91 | 0.298% |
R1 | 26.89 | 0.224% |
Price | 26.83 | |
S1 | 26.70 | -0.485% |
S2 | 26.61 | -0.82% |
S3 | 26.37 | -1.72% |
KONG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 22, 2023 | Dec 26, 2023 | Dec 28, 2023 | $0.182 | 0.685% |
2 | Dec 27, 2022 | Dec 27, 2022 | Dec 29, 2022 | $0.117 | 0.492% |
3 | Dec 23, 2021 | Dec 27, 2021 | Dec 29, 2021 | $0.0322 | 0.122% |
FAQ
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