Morgan Stanley Etf Trust ETF Forecast
Weaker technical forecast for Morgan Stanley Etf Trust as ETF downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The Morgan Stanley Etf Trust ETF price fell by -0.91% on the last day (Tuesday, 25th Jun 2024) from $26.36 to $26.12. During the last trading day the ETF fluctuated 0.575% from a day low at $26.10 to a day high of $26.25. The price has been going up and down for this period, and there has been a -0.08% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -29 thousand shares and in total, 15 thousand shares were bought and sold for approximately $384.59 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Morgan Stanley Etf Trust ETF with a 90% probability to be traded between $25.18 and $25.87 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PAPI Signals & Forecast
There are mixed signals in the ETF today. The Morgan Stanley Etf Trust 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 $26.16. On a fall, the ETF will find some support from the short-term average at $25.99. 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 Monday, June 24, 2024, and so far it has fallen -0.91%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Morgan Stanley Etf Trust ETF
Morgan Stanley Etf Trust finds support from accumulated volume at $26.11 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 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 ETF During the last day, the ETF moved $0.150 between high and low, or 0.575%. For the last week the ETF has had daily average volatility of 0.580%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PAPI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Morgan Stanley Etf Trust to open at $26.16, and during the day (based on 14 day Average True Range), to move between $25.89 and $26.35, which gives a possible trading interval of +/-$0.231 (+/-0.89%) up or down from last closing price. If Morgan Stanley Etf Trust takes out the full calculated possible swing range there will be an estimated 1.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.11 (0.04%) than the resistance at $26.25 (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Morgan Stanley Etf Trust ETF A Buy?
Morgan Stanley Etf Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -3.654 Sell Candidate Downgraded
Predicted Opening Price for Morgan Stanley Etf Trust of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $26.16 ( 0.140%) | $26.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAPI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.31 | 0.715% |
| R2 | 26.25 | 0.495% |
| R1 | 26.21 | 0.360% |
| Price | 26.12 | |
| S1 | 26.10 | -0.0790% |
| S2 | 26.06 | -0.215% |
| S3 | 26.01 | -0.434% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.36 | 0.91% |
| R2 | 26.32 | 0.754% |
| R1 | 26.25 | 0.498% |
| Price | 26.12 | |
| S1 | 26.11 | -0.0383% |
| S2 | 25.99 | -0.484% |
| S3 | 25.77 | -1.34% |
PAPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Apr 30, 2024 | May 06, 2024 | $0.172 | 0.651% |
| 2 | Mar 06, 2024 | Mar 28, 2024 | Apr 04, 2024 | $0.180 | 0.673% |
| 3 | Feb 28, 2024 | Feb 29, 2024 | Mar 06, 2024 | $0.142 | 0.542% |
| 4 | Jan 30, 2024 | Jan 31, 2024 | Feb 06, 2024 | $0.115 | 0.454% |
| 5 | Dec 20, 2023 | Dec 21, 2023 | Dec 28, 2023 | $0.208 | 0.81% |
FAQ
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