Global X U.S. Infrastructure Development ETF Forecast

$39.75
+0.590 (+1.51%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Global X U.S. Infrastructure Development ETF upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 18, 2024 Gain 18.20% PDF

The Global X U.S. Infrastructure Development ETF price gained 1.51% on the last trading day (Wednesday, 27th Mar 2024), rising from $39.16 to $39.75. During the last trading day the ETF fluctuated 1.05% from a day low at $39.34 to a day high of $39.75. The price has risen in 7 of the last 10 days and is up by 3.84% over the past 2 weeks. Volume fell on the last day by -272 thousand shares and in total, 2 million shares were bought and sold for approximately $59.68 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the middle of a strong 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 19.00% during the next 3 months and, with a 90% probability hold a price between $45.79 and $49.02 at the end of this 3-month period.

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PAVE Signals & Forecast

The Global X U.S. Infrastructure Development ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $39.22 and $37.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 19.73%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Global X U.S. Infrastructure Development ETF

Global X U.S. Infrastructure Development finds support from accumulated volume at $39.37 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 $0.411 between high and low, or 1.05%. For the last week the ETF has had daily average volatility of 0.89%.

Our recommended stop-loss: $38.50 (-3.14%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)

Trading Expectations (PAVE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Global X U.S. Infrastructure Development ETF to open at $39.61, and during the day (based on 14 day Average True Range), to move between $39.30 and $40.20, which gives a possible trading interval of +/-$0.448 (+/-1.13%) up or down from last closing price. If Global X U.S. Infrastructure Development ETF takes out the full calculated possible swing range there will be an estimated 2.25% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $39.37, some $0.380 (0.96%) from the current price of $39.75, our system finds the risk reward attractive.

Is Global X U.S. Infrastructure Development ETF ETF A Buy?

Global X U.S. Infrastructure Development holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.229 Strong Buy Candidate Upgraded

Predicted Opening Price for Global X U.S. Infrastructure Development ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$39.61 ( 0.345%) $39.75

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

Trading levels for PAVE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 40.02 0.690 %
R2 39.87 0.295 %
R1 39.77 0.0504 %
Current price: 39.75
Support S1 39.46 -0.741 %
S2 39.36 -0.98 %
S3 39.20 -1.38 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 39.75
Support S1 39.37 -0.96%
S2 38.01 -4.38%
S3 34.95 -12.08%

PAVE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 28, 2023 Dec 28, 2023 Dec 28, 2023 $0.156 0.451%
2 Jun 28, 2023 Jun 29, 2023 Jul 10, 2023 $0.0800 0.255%
3 Dec 28, 2022 Dec 29, 2022 Jan 09, 2023 $0.141 0.517%
4 Jun 28, 2022 Jun 29, 2022 Jul 08, 2022 $0.0810 0.351%
5 Dec 29, 2021 Dec 30, 2021 Jan 07, 2022 $0.0990 0.349%

FAQ

What is the symbol for Global X U.S. Infrastructure Development ETF ETF and on which exchange is it traded?
The symbol for Global X U.S. Infrastructure Development ETF is PAVE and it is traded on the BATS (BATS Global Markets).

Should I buy or sell Global X U.S. Infrastructure Development ETF ETF?
Global X U.S. Infrastructure Development holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Global X U.S. Infrastructure Development ETF ETF?
Global X U.S. Infrastructure Development ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Global X U.S. Infrastructure Development ETF ETF.

What's the current price of Global X U.S. Infrastructure Development ETF ETF?
As of the end of day on the 2024-03-27, the price of an Global X U.S. Infrastructure Development ETF (PAVE) share was $39.75.

What is the 52-week high and low for Global X U.S. Infrastructure Development ETF ETF?
The 52-week high for Global X U.S. Infrastructure Development ETF ETF is $39.75 and the 52-week low is $26.52.

What is the market capitalization of Global X U.S. Infrastructure Development ETF ETF?
As of the 2024-03-27, the market capitalization of Global X U.S. Infrastructure Development ETF is 6.502B.
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