ProShares Online Retail ETF Forecast
ProShares Online Retail ETF price ended at $37.90 on Thursday, after losing 0.668%.
(Updated on Apr 25, 2024)
The ProShares Online Retail ETF price fell by -0.668% on the last day (Thursday, 25th Apr 2024) from $38.15 to $37.90. During the last trading day the ETF fluctuated 1.79% from a day low at $37.23 to a day high of $37.90. The price has fallen in 8 of the last 10 days and is down by -3.84% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 thousand shares were bought and sold for approximately $360.69 thousand.
The ETF lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $37.36 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 13.99% during the next 3 months and, with a 90% probability hold a price between $42.59 and $46.18 at the end of this 3-month period.
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ONLN Signals & Forecast
There are few to no technical positive signals at the moment. The ProShares Online Retail ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $38.54. On a fall, the ETF will find some support from the short-term average at $37.73. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -4.18%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). ProShares Online Retail gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for ProShares Online Retail ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $34.16 and $33.68. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, ProShares Online Retail finds support just below today's level at $34.16. If this is broken, then the next support from accumulated volume will be at $33.68 and $33.35.
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 $0.665 (1.79%) between high and low. For the last week, the ETF has had daily average volatility of 1.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ONLN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ProShares Online Retail ETF to open at $37.67, and during the day (based on 14 day Average True Range), to move between $37.23 and $38.56, which gives a possible trading interval of +/-$0.663 (+/-1.75%) up or down from last closing price. If ProShares Online Retail ETF takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.42 (1.39%) than the support at $34.16 (9.86%), 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 Online Retail ETF ETF A Buy?
The ProShares Online Retail ETF holds several negative signals and despite the positive trend, we believe ProShares Online Retail will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.141 Sell Candidate Unchanged
Predicted Opening Price for ProShares Online Retail ETF of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$37.67 ( 0.585%) | $37.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ONLN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 38.34 | 1.17 % | |
R2 | 38.08 | 0.500 % | ||
R1 | 37.93 | 0.0854 % | ||
Current price: | 37.90 | |||
Support | S1 | 37.42 | -1.26 % | |
S2 | 37.26 | -1.67 % | ||
S3 | 37.01 | -2.34 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.20 | 3.44 % | |
R2 | 38.58 | 1.81 % | ||
R1 | 38.42 | 1.39 % | ||
Current price | 37.90 | |||
Support | S1 | 34.16 | -9.86% | |
S2 | 33.68 | -11.12% | ||
S3 | 33.35 | -12.01% |
ONLN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Mar 20, 2024 | Mar 27, 2024 | $0.0453 | 0.116% |
2 | Dec 22, 2020 | Dec 23, 2020 | Dec 31, 2020 | $0.570 | 0.751% |
3 | Sep 22, 2020 | Sep 23, 2020 | Sep 30, 2020 | $0.371 | 0.591% |
FAQ
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