Simplify Exchange Traded Funds - ETF Forecast
Simplify Exchange Traded Funds - ETF downgraded to Hold/Accumulate
(Updated on Apr 29, 2024)
The Simplify Exchange Traded Funds - ETF price fell by -2.50% on the last day (Monday, 29th Apr 2024) from $54.43 to $53.07. During the last trading day the ETF fluctuated 2.51% from a day low at $52.92 to a day high of $54.25. The price has fallen in 6 of the last 10 days and is down by -2.07% for this period. Volume has increased on the last day by 59 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, 111 thousand shares were bought and sold for approximately $5.88 million.
The ETF lies in the middle of a wide and 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 14.32% during the next 3 months and, with a 90% probability hold a price between $53.91 and $63.48 at the end of this 3-month period.
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PFIX Signals & Forecast
The Simplify Exchange Traded Funds - 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 $53.37. On a fall, the ETF will find some support from the long-term average at approximately $49.48. 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 Thursday, April 25, 2024, and so far it has fallen -4.03%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
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 $1.33 between high and low, or 2.51%. For the last week, the ETF has had daily average volatility of 2.30%.
Our recommended stop-loss: $50.88 (-4.13%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (PFIX) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF to open at $53.41, and during the day (based on 14 day Average True Range), to move between $51.43 and $54.71, which gives a possible trading interval of +/-$1.64 (+/-3.10%) 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 6.19% 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 (2.11%) than the support at $50.66 (4.54%), 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?
Simplify Exchange Traded Funds - holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: -0.297 Hold/Accumulate Downgraded
Predicted Opening Price for Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF of Tuesday, April 30, 2024
Fair opening price April 30, 2024 | Current price |
---|---|
$53.41 ( 0.647%) | $53.07 |
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 | 54.74 | 3.15 % | |
R2 | 54.24 | 2.20 % | ||
R1 | 53.92 | 1.60 % | ||
Current price: | 53.07 | |||
Support | S1 | 52.91 | -0.310 % | |
S2 | 52.59 | -0.90 % | ||
S3 | 52.08 | -1.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 55.30 | 4.20 % | |
R2 | 54.89 | 3.43 % | ||
R1 | 54.19 | 2.11 % | ||
Current price | 53.07 | |||
Support | S1 | 50.66 | -4.54% | |
S2 | 44.48 | -16.19% | ||
S3 | 43.48 | -18.07% |
PFIX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 12, 2024 | Apr 25, 2024 | Apr 30, 2024 | $0.120 | 0.226% |
2 | Jan 12, 2024 | Mar 25, 2024 | Mar 28, 2024 | $0.100 | 0.223% |
3 | Jan 12, 2024 | Feb 26, 2024 | Feb 29, 2024 | $0.100 | 0.214% |
4 | Jan 12, 2024 | Jan 26, 2024 | Jan 31, 2024 | $0.0700 | 0.161% |
5 | Dec 26, 2023 | Dec 26, 2023 | Dec 26, 2023 | $34.27 | 86.71% |
FAQ
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