Mackenzie Maximum Diversification ETF Forecast

Green day on Wednesday for Mackenzie Maximum Diversification
(Updated on May 29, 2024)

MEE.TO Signals & Forecast

The Mackenzie Maximum Diversification 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 $26.73 and $26.34. A breakdown below any of these levels will issue sell signals. Mackenzie Maximum Diversification 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. 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 Monday, May 27, 2024, and so far it has fallen -1.29%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Mackenzie Maximum Diversification ETF

Mackenzie Maximum Diversification finds support from accumulated volume at $26.65 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 $0.110 between high and low, or 0.413%. For the last week the ETF has had daily average volatility of 0.238%.

Our recommended stop-loss: $25.60 (-4.32%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (MEE.TO) For The Upcoming Trading Day Of Thursday 30th

For the upcoming trading day on Thursday, 30th we expect Mackenzie Maximum Diversification Emerging Markets Index ETF to open at $26.72, and during the day (based on 14 day Average True Range), to move between $26.50 and $27.02, which gives a possible trading interval of +/-$0.255 (+/-0.95%) up or down from last closing price. If Mackenzie Maximum Diversification Emerging Markets Index ETF takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.65 (0.41%) than the resistance at $26.91 (0.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mackenzie Maximum Diversification Emerging Markets Index 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 Mackenzie Maximum Diversification ETF to perform well in the short-term.

Current score: 2.854 Buy Candidate Unchanged

Predicted Opening Price for Mackenzie Maximum Diversification Emerging Markets Index ETF of Thursday, May 30, 2024

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