ProShares S&P 500 Dividend Aristocrats ETF Forecast
ProShares S&P 500 Dividend Aristocrats ETF price ended at $96.88 on Friday, after losing 0.350%.
(Updated on Apr 26, 2024)
The ProShares S&P 500 Dividend Aristocrats ETF price fell by -0.350% on the last day (Friday, 26th Apr 2024) from $97.22 to $96.88. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.666% from a day low at $96.88 to a day high of $97.53. The price has been going up and down for this period, and there has been a 0.04% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -132 thousand shares and in total, 466 thousand shares were bought and sold for approximately $45.13 million.
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 $96.31 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 3.72% during the next 3 months and, with a 90% probability hold a price between $99.89 and $106.42 at the end of this 3-month period.
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NOBL Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.10%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ProShares S&P 500 Dividend Aristocrats 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 $97.25 and $98.66. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ProShares S&P 500 Dividend Aristocrats ETF
ProShares S&P 500 Dividend Aristocrats finds support from accumulated volume at $95.75 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 $0.645 between high and low, or 0.666%. For the last week the ETF has had daily average volatility of 0.87%.
Our recommended stop-loss: $90.97 (-6.10%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (NOBL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect ProShares S&P 500 Dividend Aristocrats ETF to open at $97.10, and during the day (based on 14 day Average True Range), to move between $95.97 and $97.79, which gives a possible trading interval of +/-$0.91 (+/-0.94%) up or down from last closing price. If ProShares S&P 500 Dividend Aristocrats ETF takes out the full calculated possible swing range there will be an estimated 1.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $97.20 (0.33%) than the support at $95.75 (1.17%), 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 ProShares S&P 500 Dividend Aristocrats ETF ETF A Buy?
ProShares S&P 500 Dividend Aristocrats holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.171 Hold/Accumulate Unchanged
Predicted Opening Price for ProShares S&P 500 Dividend Aristocrats ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $97.10 ( 0.222%) | $96.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOBL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 97.74 | 0.89 % | |
| R2 | 97.49 | 0.633 % | ||
| R1 | 97.34 | 0.476 % | ||
| Current price: | 96.88 | |||
| Support | S1 | 96.85 | -0.0324 % | |
| S2 | 96.70 | -0.190 % | ||
| S3 | 96.45 | -0.444 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.68 | 3.92 % | |
| R2 | 98.88 | 2.06 % | ||
| R1 | 97.20 | 0.330 % | ||
| Current price | 96.88 | |||
| Support | S1 | 95.75 | -1.17% | |
| S2 | 95.44 | -1.49% | ||
| S3 | 94.75 | -2.20% |
NOBL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 20, 2024 | Mar 27, 2024 | $0.386 | 0.382% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.656 | 0.704% |
| 3 | Sep 19, 2023 | Sep 20, 2023 | Sep 27, 2023 | $0.521 | 0.588% |
| 4 | Jun 20, 2023 | Jun 21, 2023 | Jun 28, 2023 | $0.463 | 0.499% |
| 5 | Mar 21, 2023 | Mar 22, 2023 | Mar 29, 2023 | $0.354 | 0.395% |
FAQ
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