Simplify Exchange Traded Funds - ETF Forecast
Simplify Exchange Traded Funds - ETF downgraded from Strong Buy Candidate to Buy Candidate after Wednesday trading session.
(Updated on Apr 17, 2024)
The Simplify Exchange Traded Funds - ETF price fell by -3.52% on the last day (Wednesday, 17th Apr 2024) from $54.89 to $52.96. During the last trading day the ETF fluctuated 3.99% from a day low at $52.60 to a day high of $54.70. The price has been going up and down for this period, and there has been a 9.81% gain 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 -313 thousand shares and in total, 131 thousand shares were bought and sold for approximately $6.92 million.
The ETF lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $54.95 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 7.08% during the next 3 months and, with a 90% probability hold a price between $47.59 and $58.84 at the end of this 3-month period.
PFIX Signals & Forecast
The Simplify Exchange Traded Funds - 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 $51.92 and $47.72. A breakdown below any of these levels will issue sell signals. 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, April 16, 2024, and so far it has fallen -3.52%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Simplify Exchange Traded Funds - ETF
Simplify Exchange Traded Funds - finds support from accumulated volume at $50.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $2.10 between high and low, or 3.99%. For the last week, the ETF has had daily average volatility of 3.15%.
Our recommended stop-loss: $50.35 (-4.94%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PFIX) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF to open at $53.42, and during the day (based on 14 day Average True Range), to move between $51.19 and $54.73, which gives a possible trading interval of +/-$1.77 (+/-3.35%) up or down from last closing price. If Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF takes out the full calculated possible swing range there will be an estimated 6.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $54.19 (2.32%) than the support at $50.66 (4.34%), 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 Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Simplify Exchange Traded Funds - ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.963 Buy Candidate Downgraded
Predicted Opening Price for Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $53.42 ( 0.87%) | $52.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFIX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.52 | 4.83 % | |
| R2 | 54.72 | 3.32 % | ||
| R1 | 54.22 | 2.38 % | ||
| Current price: | 52.96 | |||
| Support | S1 | 52.62 | -0.646 % | |
| S2 | 52.12 | -1.58 % | ||
| S3 | 51.32 | -3.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 54.89 | 3.64 % | ||
| R1 | 54.19 | 2.32 % | ||
| Current price | 52.96 | |||
| Support | S1 | 50.66 | -4.34% | |
| S2 | 44.48 | -16.01% | ||
| S3 | 43.48 | -17.90% |
PFIX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 12, 2024 | Mar 25, 2024 | Mar 28, 2024 | $0.100 | 0.223% |
| 2 | Jan 12, 2024 | Feb 26, 2024 | Feb 29, 2024 | $0.100 | 0.214% |
| 3 | Jan 12, 2024 | Jan 26, 2024 | Jan 31, 2024 | $0.0700 | 0.161% |
| 4 | Dec 26, 2023 | Dec 26, 2023 | Dec 26, 2023 | $34.27 | 86.71% |
| 5 | Nov 27, 2023 | Nov 27, 2023 | Nov 27, 2023 | $0.100 | 0.114% |
FAQ
Click here for our free guide on how to buy Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF ETF.
