Market Access Nyse Arca Gold Bugs Index ETF Forecast

Green day on Monday for Market Access Nyse Arca Gold Bugs Index ETF after gaining 0.564%
(Updated on Jun 24, 2024)

M9SD.F Signals & Forecast

There are few to no technical positive signals at the moment. The Market Access Nyse Arca Gold Bugs Index ETF 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 ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 104.31€. On a fall, the ETF will find some support from the short-term average at 102.09€. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -6.37%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Market Access Nyse Arca Gold Bugs Index ETF

Market Access Nyse Arca Gold Bugs Index finds support from accumulated volume at 103.42€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 1.78€ between high and low, or 1.74%. For the last week the ETF has had daily average volatility of 1.85%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (M9SD.F) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Market Access Nyse Arca Gold Bugs Index Ucits Etf to open at 103.36€, and during the day (based on 14 day Average True Range), to move between 101.29€ and 105.63€, which gives a possible trading interval of +/-2.17€ (+/-2.10%) up or down from last closing price. If Market Access Nyse Arca Gold Bugs Index Ucits Etf takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 103.42€ (0.04%) than the resistance at 104.16€ (0.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Market Access Nyse Arca Gold Bugs Index Ucits Etf ETF A Buy?

The Market Access Nyse Arca Gold Bugs Index ETF holds several negative signals and despite the positive trend, we believe Market Access Nyse Arca Gold Bugs Index will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -2.062 Sell Candidate Unchanged

Predicted Opening Price for Market Access Nyse Arca Gold Bugs Index Ucits Etf of Tuesday, June 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.