Simplify Bitcoin Strategy Plus Income ETF Forecast
Green day on Tuesday for Simplify Bitcoin Strategy Plus Income ETF after gaining 3.38%
(Updated on Jun 25, 2024)
The Simplify Bitcoin Strategy Plus Income ETF price gained 3.38% on the last trading day (Tuesday, 25th Jun 2024), rising from $25.18 to $26.03. During the last trading day the ETF fluctuated 2.46% from a day low at $25.56 to a day high of $26.19. The price has fallen in 6 of the last 10 days and is down by -12.09% for this period. Volume fell on the last day by -54 thousand shares and in total, 9 thousand shares were bought and sold for approximately $229.98 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a very wide and 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 -2.06% during the next 3 months and, with a 90% probability hold a price between $23.23 and $29.93 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MAXI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 3.38%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Simplify Bitcoin Strategy Plus Income ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $27.11 and $28.41. A break-up above any of these levels will issue buy signals. 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 also not.
Support, Risk & Stop-loss for Simplify Bitcoin Strategy Plus Income ETF
Simplify Bitcoin Strategy Plus Income finds support from accumulated volume at $25.18 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 $0.630 between high and low, or 2.46%. For the last week the ETF has had daily average volatility of 2.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAXI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Simplify Bitcoin Strategy Plus Income Etf to open at $25.93, and during the day (based on 14 day Average True Range), to move between $24.94 and $27.12, which gives a possible trading interval of +/-$1.09 (+/-4.18%) up or down from last closing price. If Simplify Bitcoin Strategy Plus Income Etf takes out the full calculated possible swing range there will be an estimated 8.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.18 (3.27%) than the resistance at $27.16 (4.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Simplify Bitcoin Strategy Plus Income Etf ETF A Buy?
Simplify Bitcoin Strategy Plus Income holds several negative signals and is within a very wide and 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: -2.077 Sell Candidate Unchanged
Predicted Opening Price for Simplify Bitcoin Strategy Plus Income Etf of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$25.93 ( 0.397%) | $26.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAXI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.56 | 2.02% |
R2 | 26.32 | 1.10% |
R1 | 26.17 | 0.528% |
Price | 26.03 | |
S1 | 25.69 | -1.32% |
S2 | 25.54 | -1.89% |
S3 | 25.30 | -2.82% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 30.38 | 16.71% |
R2 | 29.86 | 14.71% |
R1 | 27.16 | 4.34% |
Price | 26.03 | |
S1 | 25.18 | -3.27% |
S2 | 25.14 | -3.42% |
S3 | 24.10 | -7.41% |
MAXI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 23, 2024 | May 24, 2024 | May 31, 2024 | $0.150 | 0.517% |
2 | Apr 24, 2024 | Apr 25, 2024 | Apr 30, 2024 | $0.150 | 0.597% |
3 | Mar 22, 2024 | Mar 25, 2024 | Mar 28, 2024 | $0.150 | 0.486% |
4 | Feb 23, 2024 | Feb 26, 2024 | Feb 29, 2024 | $0.150 | 0.546% |
5 | Jan 25, 2024 | Jan 26, 2024 | Jan 31, 2024 | $0.150 | 0.795% |
FAQ
Click here for our free guide on how to buy Simplify Bitcoin Strategy Plus Income Etf ETF.