Market Access Nyse Arca Gold Bugs Index ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Market Access Nyse Arca Gold Bugs Index ETF downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Market Access Nyse Arca Gold Bugs Index ETF price fell by -0.556% on the last day (Friday, 28th Jun 2024) from 104.26€ to 103.68€. During the last trading day the ETF fluctuated 1.90% from a day low at 103.10€ to a day high of 105.06€. The price has risen in 6 of the last 10 days and is up by 3.45% over the past 2 weeks. Volume has increased on the last day by 822 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, 978 shares were bought and sold for approximately 101.40€ thousand.
The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.54% during the next 3 months and, with a 90% probability hold a price between 103.56€ and 116.28€ at the end of this 3-month period.
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M9SD.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 4.24%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 104.28€. On a fall, the ETF will find some support from the short-term average at 103.51€. 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. Market Access Nyse Arca Gold Bugs Index 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".
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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 1.96€ (1.90%) between high and low. For the last week, the ETF has had daily average volatility of 1.62%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Market Access Nyse Arca Gold Bugs Index Ucits Etf to open at 103.95€, and during the day (based on 14 day Average True Range), to move between 101.64€ and 105.72€, which gives a possible trading interval of +/-2.04€ (+/-1.97%) 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 3.94% 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€ (0.25%) than the resistance at 104.16€ (0.46%), 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?
Market Access Nyse Arca Gold Bugs Index holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.618 Sell Candidate Downgraded
Predicted Opening Price for Market Access Nyse Arca Gold Bugs Index Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 103.95€ ( 0.257%) | 103.68€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for M9SD.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 105.91 | 2.15% |
| R2 | 105.16 | 1.43% |
| R1 | 104.70 | 0.98% |
| Price | 103.68 | |
| S1 | 103.20 | -0.465% |
| S2 | 102.74 | -0.91% |
| S3 | 101.99 | -1.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 106.06 | 2.30% |
| R2 | 105.46 | 1.72% |
| R1 | 104.16 | 0.463% |
| Price | 103.68 | |
| S1 | 103.42 | -0.251% |
| S2 | 101.40 | -2.20% |
| S3 | 100.56 | -3.01% |
FAQ
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