Trueshares Structured Outcome (may) Etf ETF Forecast

Trueshares Structured Outcome (may) Etf ETF upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

MAYZ Signals & Forecast

Mostly positive signals in the chart today. The Trueshares Structured Outcome (may) Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.98 and $28.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 7.22%. 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). Trueshares Structured Outcome (may) Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Trueshares Structured Outcome (may) Etf ETF

Trueshares Structured Outcome (may) Etf finds support from accumulated volume at $28.34 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 $0.0801 between high and low, or 0.276%. For the last week the ETF has had daily average volatility of 0.108%.

The Trueshares Structured Outcome (may) Etf ETF is extremely overbought on RSI14 (85). This increases the short-term risk substantially.

Our recommended stop-loss: $28.15 (-3.30%) (This ETF has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (MAYZ) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Trueshares Structured Outcome (may) Etf to open at $29.08, and during the day (based on 14 day Average True Range), to move between $28.98 and $29.24, which gives a possible trading interval of +/-$0.129 (+/-0.44%) up or down from last closing price. If Trueshares Structured Outcome (may) Etf takes out the full calculated possible swing range there will be an estimated 0.88% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $28.34, some $0.770 (2.65%) from the current price of $29.11, our system finds the risk reward attractive.

Is Trueshares Structured Outcome (may) Etf ETF A Buy?

Trueshares Structured Outcome (may) Etf holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.288 Strong Buy Candidate Upgraded

Predicted Opening Price for Trueshares Structured Outcome (may) Etf of Monday, July 1, 2024

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