Global X S&P 500 Quality Dividend ETF Forecast
Stronger technical forecast for Global X S&P 500 Quality Dividend ETF price after Friday trading.
(Updated on May 24, 2024)
The Global X S&P 500 Quality Dividend ETF price gained 0.300% on the last trading day (Friday, 24th May 2024), rising from $33.37 to $33.47. During the last trading day the ETF fluctuated 0.419% from a day low at $33.42 to a day high of $33.56. The price has risen in 6 of the last 10 days but is still down by -0.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 53 thousand more shares were traded than the day before. In total, 54 thousand shares were bought and sold for approximately $1.81 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Global X S&P 500 Quality Dividend ETF with a 90% probability to be traded between $32.93 and $34.96 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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QDIV Signals & Forecast
The Global X S&P 500 Quality Dividend 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 $33.74. On a fall, the ETF will find some support from the long-term average at approximately $33.38. 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). 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 Friday, May 17, 2024, and so far it has fallen -1.56%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Global X S&P 500 Quality Dividend ETF
Global X S&P 500 Quality Dividend finds support from accumulated volume at $32.78 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.140 between high and low, or 0.419%. For the last week the ETF has had daily average volatility of 0.220%.
Our recommended stop-loss: $32.16 (-3.91%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (QDIV) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Global X S&P 500 Quality Dividend ETF to open at $33.48, and during the day (based on 14 day Average True Range), to move between $33.27 and $33.67, which gives a possible trading interval of +/-$0.195 (+/-0.58%) up or down from last closing price. If Global X S&P 500 Quality Dividend ETF takes out the full calculated possible swing range there will be an estimated 1.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.58 (0.33%) than the support at $32.78 (2.06%), 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 Global X S&P 500 Quality Dividend ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Global X S&P 500 Quality Dividend ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.077 Buy Candidate Upgraded
Predicted Opening Price for Global X S&P 500 Quality Dividend ETF of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $33.48 ( 0.0299%) | $33.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QDIV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.62 | 0.448 % | |
| R2 | 33.57 | 0.288 % | ||
| R1 | 33.53 | 0.190 % | ||
| Current price: | 33.47 | |||
| Support | S1 | 33.43 | -0.130 % | |
| S2 | 33.39 | -0.229 % | ||
| S3 | 33.34 | -0.388 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.74 | 0.81 % | |
| R2 | 33.69 | 0.657 % | ||
| R1 | 33.58 | 0.329 % | ||
| Current price | 33.47 | |||
| Support | S1 | 32.78 | -2.06% | |
| S2 | 32.72 | -2.24% | ||
| S3 | 32.71 | -2.27% |
QDIV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 13, 2024 | $0.0850 | 0.252% |
| 2 | Dec 28, 2023 | Apr 03, 2024 | Apr 11, 2024 | $0.0850 | 0.253% |
| 3 | Dec 28, 2023 | Mar 05, 2024 | Mar 13, 2024 | $0.0850 | 0.251% |
| 4 | Dec 28, 2023 | Feb 05, 2024 | Feb 13, 2024 | $0.0850 | 0.268% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.117 | 0.362% |
FAQ
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