Mackenzie Maximum Diversification Us ETF Forecast

Red day on Tuesday for Mackenzie Maximum Diversification Us ETF after losing 0.135%
(Updated on Jun 25, 2024)

MUS.TO Signals & Forecast

The Mackenzie Maximum Diversification Us 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 $37.06 and $36.76. 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 Friday, June 21, 2024, and so far it has fallen -0.242%. Further fall is indicated until a new bottom pivot has been found. Mackenzie Maximum Diversification Us gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

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

Mackenzie Maximum Diversification Us finds support from accumulated volume at $37.02 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 $0.0100 between high and low, or 0.0270%. For the last week the ETF has had daily average volatility of 0.265%.

Our recommended stop-loss: $36.04 (-2.78%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (MUS.TO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Mackenzie Maximum Diversification Us Index Etf to open at $37.07, and during the day (based on 14 day Average True Range), to move between $36.89 and $37.25, which gives a possible trading interval of +/-$0.177 (+/-0.48%) up or down from last closing price. If Mackenzie Maximum Diversification Us Index Etf takes out the full calculated possible swing range there will be an estimated 0.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $37.12 (0.13%) than the support at $37.02 (0.13%), 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 Mackenzie Maximum Diversification Us 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 Us ETF to perform well in the short-term.

Current score: 1.413 Buy Candidate Unchanged

Predicted Opening Price for Mackenzie Maximum Diversification Us Index Etf of Wednesday, June 26, 2024

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