FLEXSHARES US QUALITY LCI ETF Forecast

FLEXSHARES US QUALITY LCI ETF upgraded to Buy Candidate.
(Updated on May 03, 2024)

QLC Signals & Forecast

Mostly positive signals in the chart today. The FLEXSHARES US QUALITY LCI ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $57.15 and $57.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.48%. 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). FLEXSHARES US QUALITY LCI has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for FLEXSHARES US QUALITY LCI ETF

FLEXSHARES US QUALITY LCI finds support from accumulated volume at $57.05 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 $0.325 between high and low, or 0.566%. For the last week the ETF has had daily average volatility of 0.584%.

Our recommended stop-loss: $54.65 (-5.14%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (QLC) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect FLEXSHARES US QUALITY LARGE CAP INDEX FUND to open at $57.57, and during the day (based on 14 day Average True Range), to move between $57.01 and $58.23, which gives a possible trading interval of +/-$0.607 (+/-1.05%) up or down from last closing price. If FLEXSHARES US QUALITY LARGE CAP INDEX FUND takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $57.80 (0.32%) than the support at $57.05 (0.99%), 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 FLEXSHARES US QUALITY LARGE CAP INDEX FUND 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 FLEXSHARES US QUALITY LCI 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: 3.403 Buy Candidate Upgraded

Predicted Opening Price for FLEXSHARES US QUALITY LARGE CAP INDEX FUND of Monday, May 6, 2024

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