Global X S&P 500 Quality Dividend 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
Global X S&P 500 Quality Dividend ETF price down 0.167% on Friday
(Updated on Jun 14, 2024)
The Global X S&P 500 Quality Dividend ETF price fell by -0.167% on the last day (Friday, 14th Jun 2024) from $32.96 to $32.90. During the last trading day the ETF fluctuated 0% from a day low at $32.90 to a day high of $32.90. The price has fallen in 6 of the last 10 days and is down by -1.99% for this period. 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 -734 shares and in total, 577 shares were bought and sold for approximately $18.98 thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.25% during the next 3 months and, with a 90% probability hold a price between $31.49 and $33.26 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
QDIV Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.0307%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Global X S&P 500 Quality Dividend ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $33.17 and $33.35. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
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 $32.88 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.518%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QDIV) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Global X S&P 500 Quality Dividend ETF to open at $32.90, and during the day (based on 14 day Average True Range), to move between $32.68 and $33.12, which gives a possible trading interval of +/-$0.218 (+/-0.66%) 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 1.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $32.88 (0.08%) than the resistance at $33.21 (0.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Global X S&P 500 Quality Dividend ETF ETF A Buy?
Global X S&P 500 Quality Dividend holds several negative signals and is within a 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: -1.568 Sell Candidate Unchanged
Predicted Opening Price for Global X S&P 500 Quality Dividend ETF of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $32.90 ( 0%) | $32.90 |
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 | |
|---|---|---|
| R3 | 32.90 | - |
| R2 | 32.90 | - |
| R1 | 32.90 | - |
| Price | 32.90 | |
| S1 | 32.90 | - |
| S2 | 32.90 | - |
| S3 | 32.90 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.58 | 2.07% |
| R2 | 33.47 | 1.73% |
| R1 | 33.21 | 0.94% |
| Price | 32.90 | |
| S1 | 32.88 | -0.0760% |
| S2 | 32.72 | -0.547% |
| S3 | 32.71 | -0.581% |
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
Click here for our free guide on how to buy Global X S&P 500 Quality Dividend ETF ETF.
