Stocksnips Ai-powered Sentiment Us All ETF Forecast
Evaluation of Stocksnips Ai-powered Sentiment Us All ETF downgraded after the last trading session.
(Updated on Jul 03, 2024)
The Stocksnips Ai-powered Sentiment Us All ETF price gained 0.0796% on the last trading day (Wednesday, 3rd Jul 2024), rising from $26.00 to $26.02. During the last trading day the ETF fluctuated 0% from a day low at $26.02 to a day high of $26.02. The price has been going up and down for this period, and there has been a -0.9% loss for the last 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 59 shares were bought and sold for approximately $1.54 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 lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $25.89 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 6.13% during the next 3 months and, with a 90% probability hold a price between $27.48 and $29.24 at the end of this 3-month period.
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NEWZ Signals & Forecast
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. The Stocksnips Ai-powered Sentiment Us All ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $26.07 and $26.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -2.65%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Stocksnips Ai-powered Sentiment Us All ETF
Stocksnips Ai-powered Sentiment Us All finds support from accumulated volume at $25.98 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.659%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NEWZ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Stocksnips Ai-powered Sentiment Us All Cap Etf to open at $26.02, and during the day (based on 14 day Average True Range), to move between $25.85 and $26.20, which gives a possible trading interval of +/-$0.176 (+/-0.68%) up or down from last closing price. If Stocksnips Ai-powered Sentiment Us All Cap Etf takes out the full calculated possible swing range there will be an estimated 1.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.05 (0.13%) than the support at $25.98 (0.15%), 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 Stocksnips Ai-powered Sentiment Us All Cap Etf ETF A Buy?
The Stocksnips Ai-powered Sentiment Us All ETF holds several negative signals and despite the positive trend, we believe Stocksnips Ai-powered Sentiment Us All will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.577 Sell Candidate Downgraded
Predicted Opening Price for Stocksnips Ai-powered Sentiment Us All Cap Etf of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$26.02 ( 0%) | $26.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEWZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.02 | - |
R2 | 26.02 | - |
R1 | 26.02 | - |
Price | 26.02 | |
S1 | 26.02 | - |
S2 | 26.02 | - |
S3 | 26.02 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.41 | 1.50% |
R2 | 26.16 | 0.535% |
R1 | 26.05 | 0.128% |
Price | 26.02 | |
S1 | 25.98 | -0.146% |
S2 | 24.89 | -4.35% |
S3 | 24.71 | -5.04% |
FAQ
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