Impact Shares Affordable Housing Mbs Etf ETF Forecast
Red day on Friday for Impact Shares Affordable Housing Mbs Etf ETF after losing 0.0594%
(Updated on Jun 28, 2024)
The Impact Shares Affordable Housing Mbs Etf ETF price fell by -0.0594% on the last day (Friday, 28th Jun 2024) from $16.84 to $16.83. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.713% from a day low at $16.82 to a day high of $16.94. The price has fallen in 7 of the last 10 days and is down by -1.38% for this period. Volume has increased on the last day by 739 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, 8 thousand shares were bought and sold for approximately $128.33 thousand.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $16.78 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 2.71% during the next 3 months and, with a 90% probability hold a price between $17.24 and $17.64 at the end of this 3-month period.
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OWNS Signals & Forecast
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. The Impact Shares Affordable Housing Mbs Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $16.97 and $16.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -1.63%. Further fall is indicated until a new bottom pivot has been found. Impact Shares Affordable Housing Mbs Etf 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 Impact Shares Affordable Housing Mbs Etf ETF
Impact Shares Affordable Housing Mbs Etf finds support from accumulated volume at $16.77 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 $0.120 between high and low, or 0.713%. For the last week the ETF has had daily average volatility of 0.320%.
Our recommended stop-loss: $16.14 (-4.07%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (OWNS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Impact Shares Affordable Housing Mbs Etf to open at $16.86, and during the day (based on 14 day Average True Range), to move between $16.73 and $16.93, which gives a possible trading interval of +/-$0.0962 (+/-0.57%) up or down from last closing price. If Impact Shares Affordable Housing Mbs Etf takes out the full calculated possible swing range there will be an estimated 1.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.85 (0.12%) than the support at $16.77 (0.36%), 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 Impact Shares Affordable Housing Mbs Etf ETF A Buy?
Impact Shares Affordable Housing Mbs Etf 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: 0.622 Hold/Accumulate Unchanged
Predicted Opening Price for Impact Shares Affordable Housing Mbs Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $16.86 ( 0.198%) | $16.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OWNS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.98 | 0.91% |
| R2 | 16.94 | 0.639% |
| R1 | 16.91 | 0.470% |
| Price | 16.83 | |
| S1 | 16.82 | -0.0743% |
| S2 | 16.79 | -0.243% |
| S3 | 16.74 | -0.515% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.06 | 1.37% |
| R2 | 17.05 | 1.31% |
| R1 | 16.85 | 0.119% |
| Price | 16.83 | |
| S1 | 16.77 | -0.357% |
| S2 | 16.63 | -1.19% |
| S3 | 16.52 | -1.84% |
FAQ
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