Simplify Exchange Traded Funds - ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Simplify Exchange Traded Funds - ETF upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Simplify Exchange Traded Funds - ETF price gained 2.20% on the last trading day (Tuesday, 30th Apr 2024), rising from $53.07 to $54.24. During the last trading day the ETF fluctuated 1.71% from a day low at $53.58 to a day high of $54.50. The price has fallen in 6 of the last 10 days and is down by -1.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 73 thousand more shares were traded than the day before. In total, 184 thousand shares were bought and sold for approximately $9.99 million.
The ETF lies in the upper part of a wide and strong 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 $55.65 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 14.72% during the next 3 months and, with a 90% probability hold a price between $54.30 and $63.84 at the end of this 3-month period.
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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 $53.59 and $49.75. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 -1.92%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Simplify Exchange Traded Funds - ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $50.66 and $44.58. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Simplify Exchange Traded Funds - finds support just below today's level at $50.66. If this is broken, then the next support from accumulated volume will be at $44.58 and $43.48.
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 $0.92 between high and low, or 1.71%. For the last week, the ETF has had daily average volatility of 1.97%.
Our recommended stop-loss: $51.84 (-4.43%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (PFIX) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF to open at $54.11, and during the day (based on 14 day Average True Range), to move between $52.61 and $55.87, which gives a possible trading interval of +/-$1.63 (+/-3.00%) 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 6.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $54.43 (0.35%) than the support at $50.66 (6.60%), 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.103 Buy Candidate Upgraded
Predicted Opening Price for Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $54.11 ( 0.245%) | $54.24 |
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 | 55.02 | 1.44 % | |
| R2 | 54.67 | 0.799 % | ||
| R1 | 54.46 | 0.400 % | ||
| Current price: | 54.24 | |||
| Support | S1 | 53.76 | -0.89 % | |
| S2 | 53.54 | -1.29 % | ||
| S3 | 53.19 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.30 | 1.95 % | |
| R2 | 54.89 | 1.20 % | ||
| R1 | 54.43 | 0.350 % | ||
| Current price | 54.24 | |||
| Support | S1 | 50.66 | -6.60% | |
| S2 | 44.58 | -17.81% | ||
| S3 | 43.48 | -19.84% |
PFIX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 12, 2024 | Apr 25, 2024 | Apr 30, 2024 | $0.120 | 0.221% |
| 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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