NBI Global Private Equity ETF Forecast
NBI Global Private Equity ETF price ended at $46.29 on Friday, after gaining 1.96%.
(Updated on May 17, 2024)
The NBI Global Private Equity ETF price gained 1.96% on the last trading day (Friday, 17th May 2024), rising from $45.40 to $46.29. During the last trading day the ETF fluctuated 2.39% from a day low at $45.60 to a day high of $46.69. The price has risen in 6 of the last 10 days and is up by 6.15% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately $564.78 thousand.
The ETF has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $46.02, a level that may pose a second chance to hit a runner. According to fan-theory $48.81 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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NGPE.TO Signals & Forecast
The NBI Global Private Equity 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 $45.46 and $44.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.20%. 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). NBI Global Private Equity 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for NBI Global Private Equity ETF
NBI Global Private Equity finds support from accumulated volume at $46.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.09 (2.39%) between high and low. For the last week, the ETF has had daily average volatility of 0.752%.
Our recommended stop-loss: $43.68 (-5.64%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (NGPE.TO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect NBI Global Private Equity ETF to open at $46.19, and during the day (based on 14 day Average True Range), to move between $45.75 and $46.83, which gives a possible trading interval of +/-$0.543 (+/-1.17%) up or down from last closing price. If NBI Global Private Equity ETF takes out the full calculated possible swing range there will be an estimated 2.35% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $46.26, some $0.0300 (0.06%) from the current price of $46.29, our system finds the risk reward attractive.
Is NBI Global Private Equity ETF ETF A Buy?
NBI Global Private Equity holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for NBI Global Private Equity ETF of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
$46.19 ( 0.209%) | $46.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NGPE.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.28 | 2.15 % | |
R2 | 46.87 | 1.25 % | ||
R1 | 46.61 | 0.691 % | ||
Current price: | 46.29 | |||
Support | S1 | 45.78 | -1.11 % | |
S2 | 45.52 | -1.66 % | ||
S3 | 45.10 | -2.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 46.29 | |||
Support | S1 | 46.26 | -0.0648% | |
S2 | 45.55 | -1.60% | ||
S3 | 45.05 | -2.68% |
NGPE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.729 | 1.77% |
2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.564 | 1.85% |
3 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.536 | 1.23% |
4 | Dec 24, 2020 | Dec 24, 2020 | Dec 24, 2020 | $0.330 | 1.08% |
FAQ
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