S Physical Palladium Shares ETF Forecast

Red day on Wednesday for S Physical Palladium Shares ETF after losing 1.65%
(Updated on Apr 24, 2024)

PALL 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 S Physical Palladium Shares ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $93.64 and $94.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -8.13%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for S Physical Palladium Shares ETF

S Physical Palladium Shares finds support from accumulated volume at $90.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $1.32 (1.43%) between high and low. For the last week, the ETF has had daily average volatility of 2.28%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PALL) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect ETFS Physical Palladium Shares ETF to open at $92.49, and during the day (based on 14 day Average True Range), to move between $89.28 and $94.99, which gives a possible trading interval of +/-$2.86 (+/-3.10%) up or down from last closing price. If ETFS Physical Palladium Shares ETF takes out the full calculated possible swing range there will be an estimated 6.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $90.85 (1.39%) than the resistance at $95.53 (3.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ETFS Physical Palladium Shares ETF ETF A Buy?

The S Physical Palladium Shares ETF holds several negative signals and despite the positive trend, we believe S Physical Palladium Shares will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -1.204 Sell Candidate Unchanged

Predicted Opening Price for ETFS Physical Palladium Shares ETF of Thursday, April 25, 2024

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