Smartshares NZ Cash ETF Stock Forecast

Smartshares NZ Cash ETF stock upgraded to Buy Candidate.
(Updated on May 17, 2024)

NZC.NZ Signals & Forecast

The Smartshares NZ Cash ETF stock 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 $3.04 and $3.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 1.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. The stock had a Golden Star Signal on Thursday, March 28, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Smartshares NZ Cash ETF stock

Smartshares NZ Cash ETF finds support from accumulated volume at $3.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock 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 stock During the last day, the stock moved $0.0030 between high and low, or 0.0986%. For the last week the stock has had daily average volatility of 0.0855%

Our recommended stop-loss: $2.88 (-5.46%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 57 days ago.)

Trading Expectations (NZC.NZ) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Smartshares NZ Cash ETF to open at $3.04, and during the day (based on 14 day Average True Range), to move between $3.04 and $3.05, which gives a possible trading interval of +/-$0.0027 (+/-0.09%) up or down from last closing price. If Smartshares NZ Cash ETF takes out the full calculated possible swing range there will be an estimated 0.18% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $3.04, some $0.0050 (0.16%) from the current price of $3.05, our system finds the risk reward attractive.

Is Smartshares NZ Cash ETF stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Smartshares NZ Cash ETF stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.535 Buy Candidate Upgraded

Predicted Opening Price for Smartshares NZ Cash ETF of Monday, May 20, 2024

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