Freedom Day Dividend ETF Forecast
Red day on Friday for Freedom Day Dividend
(Updated on May 17, 2024)
The Freedom Day Dividend ETF price fell by -0.401% on the last day (Friday, 17th May 2024) from $32.15 to $32.02. During the last trading day the ETF fluctuated 0.0628% from a day low at $32.02 to a day high of $32.04. The price has risen in 7 of the last 10 days and is up by 2.5% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -8 thousand shares and in total, 3 thousand shares were bought and sold for approximately $109.00 thousand.
The ETF lies in the middle of a 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 3.99% during the next 3 months and, with a 90% probability hold a price between $31.94 and $34.14 at the end of this 3-month period.
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MBOX Signals & Forecast
The Freedom Day Dividend 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 $31.95 and $31.32. A breakdown below any of these levels will issue sell signals. 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, May 16, 2024, and so far it has fallen -0.401%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The ETF had a Golden Star Signal on Friday, May 03, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Friday, May 03, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Thursday, May 16, 2024 and based on theory for this formation the price should fall by -9.26% to $29.06 within 34 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Freedom Day Dividend ETF
Freedom Day Dividend finds support from accumulated volume at $32.01 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0201 between high and low, or 0.0628%. For the last week the ETF has had daily average volatility of 0.333%
Our recommended stop-loss: $30.80 (-3.81%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MBOX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Freedom Day Dividend ETF to open at $32.03, and during the day (based on 14 day Average True Range), to move between $31.81 and $32.23, which gives a possible trading interval of +/-$0.214 (+/-0.67%) up or down from last closing price. If Freedom Day Dividend ETF takes out the full calculated possible swing range there will be an estimated 1.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $32.01 (0.04%) than the resistance at $32.12 (0.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Freedom Day Dividend ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Freedom Day Dividend ETF to perform well in the short-term.
Current score: 3.186 Buy Candidate Unchanged
Predicted Opening Price for Freedom Day Dividend ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $32.03 ( 0.0188%) | $32.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBOX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.05 | 0.0816 % | |
| R2 | 32.04 | 0.0576 % | ||
| R1 | 32.03 | 0.0428 % | ||
| Current price: | 32.02 | |||
| Support | S1 | 32.02 | -0.0051 % | |
| S2 | 32.01 | -0.0200 % | ||
| S3 | 32.01 | -0.0439 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.15 | 0.403 % | |
| R2 | 32.15 | 0.390 % | ||
| R1 | 32.12 | 0.307 % | ||
| Current price | 32.02 | |||
| Support | S1 | 32.01 | -0.0384% | |
| S2 | 31.02 | -3.13% | ||
| S3 | 30.23 | -5.59% |
MBOX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2024 | Mar 26, 2024 | Mar 28, 2024 | $0.103 | 0.320% |
| 2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.144 | 0.508% |
| 3 | Feb 18, 2023 | Sep 27, 2023 | Sep 29, 2023 | $0.159 | 0.619% |
| 4 | Feb 18, 2023 | Jun 28, 2023 | Jun 30, 2023 | $0.132 | 0.511% |
| 5 | Feb 18, 2023 | Mar 29, 2023 | Mar 31, 2023 | $0.176 | 0.706% |
FAQ
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