Flexshares Us Quality Low Volatility ETF Forecast
Green day on Thursday for Flexshares Us Quality Low Volatility
(Updated on Jun 20, 2024)
The Flexshares Us Quality Low Volatility ETF price gained 0.0725% on the last trading day (Thursday, 20th Jun 2024), rising from $62.75 to $62.79. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.383% from a day low at $62.66 to a day high of $62.90. The price has risen in 8 of the last 10 days and is up by 1.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 856 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $183.54 thousand.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.50% during the next 3 months and, with a 90% probability hold a price between $64.26 and $65.49 at the end of this 3-month period.
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QLV Signals & Forecast
The Flexshares Us Quality Low Volatility 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 $62.41 and $61.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 3.87%. 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 Low Volatility 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 Low Volatility ETF
Flexshares Us Quality Low Volatility finds support from accumulated volume at $61.73 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 $0.240 between high and low, or 0.383%. For the last week the ETF has had daily average volatility of 0.387%.
The Flexshares Us Quality Low Volatility ETF is extremely overbought on RSI14 (89). This increases the short-term risk substantially.
Our recommended stop-loss: $59.61 (-5.07%) (This ETF has low daily movements and this gives low risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (QLV) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Flexshares Us Quality Low Volatility Index Fund to open at $62.78, and during the day (based on 14 day Average True Range), to move between $62.47 and $63.12, which gives a possible trading interval of +/-$0.324 (+/-0.52%) up or down from last closing price. If Flexshares Us Quality Low Volatility Index Fund takes out the full calculated possible swing range there will be an estimated 1.03% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $61.73, some $1.06 (1.69%) from the current price of $62.79, our system finds the risk reward attractive.
Is Flexshares Us Quality Low Volatility Index Fund ETF A Buy?
Flexshares Us Quality Low Volatility holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Flexshares Us Quality Low Volatility Index Fund of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $62.78 ( 0.0123%) | $62.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QLV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 63.02 | 0.370% |
| R2 | 62.93 | 0.224% |
| R1 | 62.88 | 0.134% |
| Price | 62.79 | |
| S1 | 62.69 | -0.158% |
| S2 | 62.64 | -0.249% |
| S3 | 62.54 | -0.395% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 62.79 | |
| S1 | 61.73 | -1.69% |
| S2 | 61.35 | -2.30% |
| S3 | 61.02 | -2.81% |
QLV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 29, 2024 | Mar 15, 2024 | Mar 21, 2024 | $0.172 | 0.285% |
| 2 | Jan 20, 2023 | Dec 15, 2023 | Dec 21, 2023 | $0.302 | 0.543% |
| 3 | Jan 20, 2023 | Sep 15, 2023 | Sep 21, 2023 | $0.189 | 0.360% |
| 4 | Jan 20, 2023 | Jun 16, 2023 | Jun 23, 2023 | $0.241 | 0.461% |
| 5 | Jan 20, 2023 | Mar 17, 2023 | Mar 23, 2023 | $0.144 | 0.292% |
FAQ
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