Multi-Asset Diversified Income Index ETF Forecast
Green day on Friday for Multi-Asset Diversified Income Index ETF after gaining 0.291%
(Updated on May 03, 2024)
The Multi-Asset Diversified Income Index ETF price gained 0.291% on the last trading day (Friday, 3rd May 2024), rising from $15.72 to $15.77. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.701% from a day low at $15.69 to a day high of $15.80. The price has risen in 8 of the last 10 days and is up by 1.91% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 37 thousand shares were bought and sold for approximately $588.33 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Multi-Asset Diversified Income Index ETF with a 90% probability to be traded between $15.47 and $16.10 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MDIV Signals & Forecast
The Multi-Asset Diversified Income Index 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 $15.66 and $15.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.38%. 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. 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 Multi-Asset Diversified Income Index ETF
Multi-Asset Diversified Income Index finds support from accumulated volume at $15.68 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 $0.110 between high and low, or 0.701%. For the last week the ETF has had daily average volatility of 0.91%
Our recommended stop-loss: $15.04 (-4.61%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (MDIV) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Multi-Asset Diversified Income Index Fund to open at $15.75, and during the day (based on 14 day Average True Range), to move between $15.63 and $15.90, which gives a possible trading interval of +/-$0.136 (+/-0.86%) up or down from last closing price. If Multi-Asset Diversified Income Index Fund takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.77 (0.03%) than the support at $15.68 (0.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Multi-Asset Diversified Income Index Fund ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Multi-Asset Diversified Income Index ETF to perform well in the short-term period.
Current score: 3.390 Buy Candidate Unchanged
Predicted Opening Price for Multi-Asset Diversified Income Index Fund of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $15.75 ( 0.0846%) | $15.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDIV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.86 | 0.613 % | |
| R2 | 15.82 | 0.347 % | ||
| R1 | 15.79 | 0.182 % | ||
| Current price: | 15.77 | |||
| Support | S1 | 15.71 | -0.351 % | |
| S2 | 15.68 | -0.516 % | ||
| S3 | 15.64 | -0.782 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.80 | 0.222 % | |
| R2 | 15.79 | 0.159 % | ||
| R1 | 15.77 | 0.0317 % | ||
| Current price | 15.77 | |||
| Support | S1 | 15.68 | -0.539% | |
| S2 | 15.60 | -1.05% | ||
| S3 | 15.36 | -2.57% |
MDIV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 23, 2024 | Apr 30, 2024 | $0.0618 | 0.396% |
| 2 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.125 | 0.791% |
| 3 | Feb 20, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.0700 | 0.451% |
| 4 | Jan 22, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.0739 | 0.477% |
| 5 | Dec 21, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.0982 | 0.627% |
FAQ
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