American Century U.S. Quality Growth ETF Forecast

Stronger technical forecast for American Century U.S. Quality Growth ETF price after Friday trading.
(Updated on May 17, 2024)

QGRO Signals & Forecast

The American Century U.S. Quality Growth 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 $83.68 and $82.12. 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 Wednesday, May 15, 2024, and so far it has fallen -0.661%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Monday, October 09, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for American Century U.S. Quality Growth ETF

American Century U.S. Quality Growth finds support from accumulated volume at $83.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.497 (0.592%) between high and low. For the last week, the ETF has had daily average volatility of 0.746%.

Our recommended stop-loss: $80.90 (-3.90%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (QGRO) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect American Century U.S. Quality Growth ETF to open at $84.12, and during the day (based on 14 day Average True Range), to move between $83.21 and $85.15, which gives a possible trading interval of +/-$0.97 (+/-1.15%) up or down from last closing price. If American Century U.S. Quality Growth ETF takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $83.79 (0.46%) than the resistance at $85.02 (1.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is American Century U.S. Quality Growth 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 American Century U.S. Quality Growth 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: 1.797 Buy Candidate Upgraded

Predicted Opening Price for American Century U.S. Quality Growth ETF of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.