O’Shares U.S. Small-Cap Quality ETF Forecast
Green day on Friday for O’Shares U.S. Small-Cap Quality ETF after gaining 0.82%
(Updated on May 03, 2024)
The O’Shares U.S. Small-Cap Quality ETF price gained 0.82% on the last trading day (Friday, 3rd May 2024), rising from $40.56 to $40.89. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.785% from a day low at $40.80 to a day high of $41.12. The price has risen in 8 of the last 10 days and is up by 2.38% 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, 14 thousand more shares were traded than the day before. In total, 59 thousand shares were bought and sold for approximately $2.42 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.08% during the next 3 months and, with a 90% probability hold a price between $40.60 and $43.82 at the end of this 3-month period.
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OUSM Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.25%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The O’Shares U.S. Small-Cap Quality 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 $41.01. On a fall, the ETF will find some support from the short-term average at $40.44. 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.
Support, Risk & Stop-loss for O’Shares U.S. Small-Cap Quality ETF
O’Shares U.S. Small-Cap Quality finds support from accumulated volume at $40.17 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 $0.320 between high and low, or 0.785%. For the last week the ETF has had daily average volatility of 1.00%.
Our recommended stop-loss: $38.76 (-5.22%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (OUSM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect O’Shares U.S. Small-Cap Quality Dividend ETF to open at $40.94, and during the day (based on 14 day Average True Range), to move between $40.41 and $41.37, which gives a possible trading interval of +/-$0.480 (+/-1.17%) up or down from last closing price. If O’Shares U.S. Small-Cap Quality Dividend 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.
Since the stock is closer to the resistance from accumulated volume at $41.06 (0.42%) than the support at $40.17 (1.75%), 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 O’Shares U.S. Small-Cap Quality Dividend ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for O’Shares U.S. Small-Cap Quality ETF to perform well in the short-term.
Current score: 2.447 Buy Candidate Unchanged
Predicted Opening Price for O’Shares U.S. Small-Cap Quality Dividend ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $40.94 ( 0.114%) | $40.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OUSM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.26 | 0.90 % | |
| R2 | 41.13 | 0.598 % | ||
| R1 | 41.06 | 0.413 % | ||
| Current price: | 40.89 | |||
| Support | S1 | 40.81 | -0.185 % | |
| S2 | 40.74 | -0.370 % | ||
| S3 | 40.62 | -0.669 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.73 | 2.05 % | |
| R2 | 41.30 | 1.00 % | ||
| R1 | 41.06 | 0.416 % | ||
| Current price | 40.89 | |||
| Support | S1 | 40.17 | -1.75% | |
| S2 | 39.52 | -3.35% | ||
| S3 | 39.27 | -3.96% |
OUSM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | Apr 30, 2024 | $0.0388 | 0.0965% |
| 2 | Mar 21, 2024 | Mar 21, 2024 | Mar 26, 2024 | $0.0522 | 0.125% |
| 3 | Feb 22, 2024 | Feb 22, 2024 | Feb 27, 2024 | $0.0371 | 0.0916% |
| 4 | Jan 25, 2024 | Jan 25, 2024 | Jan 30, 2024 | $0.0382 | 0.0963% |
| 5 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.0720 | 0.185% |
FAQ
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