Exchange Listed Funds Trust - Lg Qraft ETF Forecast
Red day on Wednesday for Exchange Listed Funds Trust - Lg Qraft ETF after losing 0.292%
(Updated on Jun 26, 2024)
The Exchange Listed Funds Trust - Lg Qraft ETF price fell by -0.292% on the last day (Wednesday, 26th Jun 2024) from $31.14 to $31.05. During the last trading day the ETF fluctuated 0% from a day low at $31.05 to a day high of $31.05. The price has risen in 4 of the last 10 days and is up by 3.16% over the past 2 weeks. Volume has increased on the last day by 793 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, 793 shares were bought and sold for approximately $24.62 thousand.
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 $30.95 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 3.90% during the next 3 months and, with a 90% probability hold a price between $32.15 and $32.85 at the end of this 3-month period.
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LQAI Signals & Forecast
The Exchange Listed Funds Trust - Lg Qraft 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 $31.08. On a fall, the ETF will find some support from the long-term average at approximately $30.72. 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 Thursday, June 20, 2024, and so far it has fallen -0.722%. Further fall is indicated until a new bottom pivot has been found. Exchange Listed Funds Trust - Lg Qraft 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 Exchange Listed Funds Trust - Lg Qraft ETF
Exchange Listed Funds Trust - Lg Qraft finds support from accumulated volume at $31.03 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0518%.
Our recommended stop-loss: $30.20 (-2.75%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (LQAI) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Exchange Listed Funds Trust - Lg Qraft Ai-powered U.s. Large Cap Core Etf to open at $31.05, and during the day (based on 14 day Average True Range), to move between $30.86 and $31.24, which gives a possible trading interval of +/-$0.192 (+/-0.62%) up or down from last closing price. If Exchange Listed Funds Trust - Lg Qraft Ai-powered U.s. Large Cap Core Etf takes out the full calculated possible swing range there will be an estimated 1.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.03 (0.06%) than the resistance at $31.14 (0.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Exchange Listed Funds Trust - Lg Qraft Ai-powered U.s. Large Cap Core Etf ETF A Buy?
Exchange Listed Funds Trust - Lg Qraft 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 Exchange Listed Funds Trust - Lg Qraft Ai-powered U.s. Large Cap Core Etf of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$31.05 ( 0.00000000%) | $31.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LQAI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.05 | 0.00000000% |
R2 | 31.05 | 0.00000000% |
R1 | 31.05 | 0.00000000% |
Price | 31.05 | |
S1 | 31.05 | 0.00000000% |
S2 | 31.05 | 0.00000000% |
S3 | 31.05 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 31.27 | 0.727% |
R1 | 31.14 | 0.293% |
Price | 31.05 | |
S1 | 31.03 | -0.0612% |
S2 | 30.39 | -2.12% |
S3 | 30.06 | -3.19% |
LQAI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Mar 25, 2024 | Mar 27, 2024 | $0.0502 | 0.167% |
2 | Dec 22, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.0429 | 0.156% |
FAQ
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