ProShares Global Listed Private Equity ETF Forecast
ProShares Global Listed Private Equity ETF downgraded to Sell Candidate
(Updated on May 17, 2024)
The ProShares Global Listed Private Equity ETF price fell by -0.561% on the last day (Friday, 17th May 2024) from $30.26 to $30.09. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.737% from a day low at $29.87 to a day high of $30.09. The price has fallen in 6 of the last 10 days but is still up by 0.51% over the past 2 weeks. Volume has increased on the last day by 11 thousand 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, 12 thousand shares were bought and sold for approximately $367.43 thousand.
The ETF lies in the middle of a narrow and 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 5.07% during the next 3 months and, with a 90% probability hold a price between $30.85 and $32.05 at the end of this 3-month period.
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PEX Signals & Forecast
The ProShares Global Listed Private Equity ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $30.23. On a fall, the ETF will find some support from the long-term average at approximately $29.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -1.11%. Further fall is indicated until a new bottom pivot has been found. ProShares Global Listed Private Equity 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". The ETF had a Golden Star Signal on Tuesday, September 12, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, September 12, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for ProShares Global Listed Private Equity ETF
ProShares Global Listed Private Equity finds support from accumulated volume at $29.47 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 $0.220 between high and low, or 0.737%. For the last week the ETF has had daily average volatility of 0.578%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PEX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ProShares Global Listed Private Equity ETF to open at $30.02, and during the day (based on 14 day Average True Range), to move between $29.82 and $30.36, which gives a possible trading interval of +/-$0.271 (+/-0.90%) up or down from last closing price. If ProShares Global Listed Private Equity ETF takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $30.10 (0.03%) than the support at $29.47 (2.05%), 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 ProShares Global Listed Private Equity ETF ETF A Buy?
ProShares Global Listed Private Equity 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 Hold/Accumulate to a Sell candidate.
Current score: -1.303 Sell Candidate Downgraded
Predicted Opening Price for ProShares Global Listed Private Equity ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$30.02 ( 0.244%) | $30.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.24 | 0.487 % | |
R2 | 30.15 | 0.208 % | ||
R1 | 30.10 | 0.0356 % | ||
Current price: | 30.09 | |||
Support | S1 | 29.93 | -0.523 % | |
S2 | 29.88 | -0.696 % | ||
S3 | 29.80 | -0.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.17 | 0.256 % | |
R2 | 30.15 | 0.190 % | ||
R1 | 30.10 | 0.0332 % | ||
Current price | 30.09 | |||
Support | S1 | 29.47 | -2.05% | |
S2 | 28.85 | -4.12% | ||
S3 | 28.61 | -4.91% |
PEX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Mar 20, 2024 | Mar 27, 2024 | $0.426 | 1.45% |
2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.93 | 3.34% |
3 | Sep 19, 2023 | Sep 20, 2023 | Sep 27, 2023 | $1.29 | 4.98% |
4 | Jun 20, 2023 | Jun 21, 2023 | Jun 28, 2023 | $0.86 | 3.14% |
5 | Mar 21, 2023 | Mar 22, 2023 | Mar 29, 2023 | $0.595 | 2.25% |
FAQ
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