Nationwide Risk-Managed Income ETF Forecast
Red day on Wednesday for Nationwide Risk-Managed Income
(Updated on May 08, 2024)
The Nationwide Risk-Managed Income ETF price fell by -0.128% on the last day (Wednesday, 8th May 2024) from $23.45 to $23.42. During the last trading day the ETF fluctuated 0.773% from a day low at $23.30 to a day high of $23.48. The price has fallen in 6 of the last 10 days but is still up by 2.45% over the past 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 -246 shares and in total, 18 thousand shares were bought and sold for approximately $426.08 thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $23.45 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Nationwide Risk-Managed Income ETF with a 90% probability to be traded between $22.42 and $23.31 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NUSI Signals & Forecast
The Nationwide Risk-Managed Income ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $23.17 and $23.30. 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 Monday, May 06, 2024, and so far it has fallen -0.128%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Nationwide Risk-Managed Income ETF
Nationwide Risk-Managed Income finds support from accumulated volume at $23.30 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 $0.180 between high and low, or 0.773%. For the last week the ETF has had daily average volatility of 0.778%
Our recommended stop-loss: $22.51 (-3.87%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (NUSI) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Nationwide Risk-Managed Income ETF to open at $23.40, and during the day (based on 14 day Average True Range), to move between $23.19 and $23.65, which gives a possible trading interval of +/-$0.231 (+/-0.99%) up or down from last closing price. If Nationwide Risk-Managed Income ETF takes out the full calculated possible swing range there will be an estimated 1.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.44 (0.09%) than the support at $23.30 (0.51%), 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 Nationwide Risk-Managed Income ETF ETF A Buy?
Nationwide Risk-Managed Income 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: 0.611 Hold/Accumulate Unchanged
Predicted Opening Price for Nationwide Risk-Managed Income ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $23.40 ( 0.0854%) | $23.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUSI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.58 | 0.683 % | |
| R2 | 23.51 | 0.390 % | ||
| R1 | 23.47 | 0.208 % | ||
| Current price: | 23.42 | |||
| Support | S1 | 23.33 | -0.379 % | |
| S2 | 23.29 | -0.560 % | ||
| S3 | 23.22 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.58 | 0.683 % | |
| R2 | 23.52 | 0.427 % | ||
| R1 | 23.44 | 0.0854 % | ||
| Current price | 23.42 | |||
| Support | S1 | 23.30 | -0.512% | |
| S2 | 23.23 | -0.81% | ||
| S3 | 23.08 | -1.45% |
NUSI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 26, 2024 | $0.148 | 0.640% |
| 2 | Mar 20, 2024 | Mar 20, 2024 | Mar 22, 2024 | $0.153 | 0.648% |
| 3 | Jan 08, 2024 | Feb 22, 2024 | Feb 24, 2024 | $0.150 | 0.648% |
| 4 | Jan 08, 2024 | Jan 24, 2024 | Jan 26, 2024 | $0.150 | 0.654% |
| 5 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.146 | 0.659% |
FAQ
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