InfraCap REIT Preferred ETF Forecast
InfraCap REIT Preferred ETF price down 0.328% on Tuesday
(Updated on Jun 25, 2024)
The InfraCap REIT Preferred ETF price fell by -0.328% on the last day (Tuesday, 25th Jun 2024) from $18.28 to $18.22. During the last trading day the ETF fluctuated 0.82% from a day low at $18.21 to a day high of $18.36. The price has been going up and down for this period, and there has been a -0.27% 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 -4 thousand shares and in total, 11 thousand shares were bought and sold for approximately $199.11 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 InfraCap REIT Preferred ETF with a 90% probability to be traded between $17.68 and $18.38 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.
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PFFR Signals & Forecast
There are few to no technical positive signals at the moment. The InfraCap REIT Preferred 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 $18.30 and $18.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -1.30%. 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 InfraCap REIT Preferred ETF
InfraCap REIT Preferred finds support from accumulated volume at $18.15 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 0.82%. For the last week the ETF has had daily average volatility of 0.798%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PFFR) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect InfraCap REIT Preferred ETF to open at $18.26, and during the day (based on 14 day Average True Range), to move between $18.05 and $18.39, which gives a possible trading interval of +/-$0.169 (+/-0.93%) up or down from last closing price. If InfraCap REIT Preferred ETF takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.25 (0.16%) than the support at $18.15 (0.38%), 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 InfraCap REIT Preferred ETF ETF A Buy?
InfraCap REIT Preferred holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.791 Sell Candidate Unchanged
Predicted Opening Price for InfraCap REIT Preferred ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $18.26 ( 0.238%) | $18.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFFR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.41 | 1.06% |
| R2 | 18.36 | 0.746% |
| R1 | 18.32 | 0.552% |
| Price | 18.22 | |
| S1 | 18.21 | -0.0766% |
| S2 | 18.17 | -0.271% |
| S3 | 18.11 | -0.585% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.69 | 2.58% |
| R2 | 18.27 | 0.274% |
| R1 | 18.25 | 0.165% |
| Price | 18.22 | |
| S1 | 18.15 | -0.384% |
| S2 | 18.01 | -1.15% |
| S3 | 17.93 | -1.59% |
PFFR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 24, 2024 | Apr 22, 2024 | Apr 29, 2024 | $0.120 | 0.667% |
| 2 | Jan 24, 2024 | Mar 20, 2024 | Mar 26, 2024 | $0.120 | 0.640% |
| 3 | Jan 24, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.120 | 0.639% |
| 4 | Jan 19, 2024 | Jan 22, 2024 | Jan 30, 2024 | $0.120 | 0.637% |
| 5 | Dec 20, 2023 | Dec 20, 2023 | Dec 29, 2023 | $0.120 | 0.643% |
FAQ
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