Purpose Us Cash Fund ETF Forecast
Purpose Us Cash Fund ETF price ended at $100.08 on Friday, after gaining 0.0650%.
(Updated on Jun 28, 2024)
The Purpose Us Cash Fund ETF price gained 0.0650% on the last trading day (Friday, 28th Jun 2024), rising from $100.01 to $100.08. During the last trading day the ETF fluctuated 0.0100% from a day low at $100.07 to a day high of $100.08. The price has risen in 9 of the last 10 days but is still down by -0.18% for this period. Volume fell on the last day by -6 thousand shares and in total, 8 thousand shares were bought and sold for approximately $804.40 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Purpose Us Cash Fund ETF with a 90% probability to be traded between $99.91 and $100.32 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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PSU-U.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.0700%. Further rise is indicated until a new top pivot has been found. 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. The Purpose Us Cash Fund 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 $100.22 and $100.21. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A buy signal from a double bottom formation was found on Wednesday, June 26, 2024 and based on theory for this formation the price should go up by 0.0100% to $100.09 within 20 trading days since signal was issued (Thursday, July 25, 2024).
Support, Risk & Stop-loss for Purpose Us Cash Fund ETF
Purpose Us Cash Fund finds support from accumulated volume at $100.06 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 $0.0100 between high and low, or 0.0100%. For the last week the ETF has had daily average volatility of 0.0080%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PSU-U.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Purpose Us Cash Fund to open at $100.08, and during the day (based on 14 day Average True Range), to move between $100.01 and $100.14, which gives a possible trading interval of +/-$0.0627 (+/-0.06%) up or down from last closing price. If Purpose Us Cash Fund takes out the full calculated possible swing range there will be an estimated 0.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $100.06 (0.01%) than the resistance at $100.29 (0.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Purpose Us Cash Fund ETF A Buy?
Purpose Us Cash Fund 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: -2.761 Sell Candidate Unchanged
Predicted Opening Price for Purpose Us Cash Fund of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $100.08 ( 0.00000000%) | $100.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSU-U.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.09 | 0.0100% |
| R2 | 100.08 | 0.0062% |
| R1 | 100.08 | 0.0038% |
| Price | 100.08 | |
| S1 | 100.07 | -0.0038% |
| S2 | 100.07 | -0.0062% |
| S3 | 100.07 | -0.0100% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.46 | 0.385% |
| R2 | 100.31 | 0.235% |
| R1 | 100.29 | 0.215% |
| Price | 100.08 | |
| S1 | 100.06 | -0.0150% |
| S2 | 100.02 | -0.0550% |
| S3 | 100.01 | -0.0650% |
FAQ
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