Reality Shares Divcon Leaders Dividend ETF Forecast
Reality Shares Divcon Leaders Dividend ETF price ended at $62.75 on Thursday, after losing 0.0454%.
(Updated on May 30, 2024)
The Reality Shares Divcon Leaders Dividend ETF price fell by -0.0454% on the last day (Thursday, 30th May 2024) from $62.78 to $62.75. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.175% from a day low at $62.75 to a day high of $62.86. The price has fallen in 7 of the last 10 days and is down by -2.91% for this period. Volume has increased on the last day by 55 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $67.71 thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.62% during the next 3 months and, with a 90% probability hold a price between $58.23 and $62.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LEAD Signals & Forecast
There are few to no technical positive signals at the moment. The Reality Shares Divcon Leaders Dividend ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $63.72 and $63.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -2.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Reality Shares Divcon Leaders Dividend 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 Reality Shares Divcon Leaders Dividend ETF
Reality Shares Divcon Leaders Dividend finds support from accumulated volume at $62.73 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 $0.110 between high and low, or 0.175%. For the last week the ETF has had daily average volatility of 0.439%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LEAD) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Reality Shares Divcon Leaders Dividend ETF to open at $62.79, and during the day (based on 14 day Average True Range), to move between $62.22 and $63.28, which gives a possible trading interval of +/-$0.525 (+/-0.84%) up or down from last closing price. If Reality Shares Divcon Leaders Dividend ETF takes out the full calculated possible swing range there will be an estimated 1.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $62.73 (0.03%) than the resistance at $63.86 (1.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Reality Shares Divcon Leaders Dividend ETF ETF A Buy?
Reality Shares Divcon Leaders Dividend holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -4.343 Sell Candidate Unchanged
Predicted Opening Price for Reality Shares Divcon Leaders Dividend ETF of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| $62.79 ( 0.0584%) | $62.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEAD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.90 | 0.234 % | |
| R2 | 62.85 | 0.167 % | ||
| R1 | 62.83 | 0.125 % | ||
| Current price: | 62.75 | |||
| Support | S1 | 62.74 | -0.0085 % | |
| S2 | 62.72 | -0.0499 % | ||
| S3 | 62.68 | -0.117 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.63 | 4.58 % | |
| R2 | 63.96 | 1.93 % | ||
| R1 | 63.86 | 1.77 % | ||
| Current price | 62.75 | |||
| Support | S1 | 62.73 | -0.0306% | |
| S2 | 61.97 | -1.24% | ||
| S3 | 61.21 | -2.45% |
LEAD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 26, 2024 | $0.153 | 0.235% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 27, 2023 | $0.227 | 0.372% |
| 3 | Sep 21, 2023 | Sep 22, 2023 | Sep 26, 2023 | $0.148 | 0.273% |
| 4 | Jun 22, 2023 | Jun 23, 2023 | Jun 27, 2023 | $0.161 | 0.291% |
| 5 | Mar 23, 2023 | Mar 24, 2023 | Mar 28, 2023 | $0.152 | 0.297% |
FAQ
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