Flexshares Us Quality Low Volatility ETF Forecast

Flexshares Us Quality Low Volatility ETF downgraded to Hold/Accumulate
(Updated on Jul 03, 2024)

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 $62.58 and $62.00. 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). 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 Thursday, June 20, 2024, and so far it has fallen -0.289%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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 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 $0.147 between high and low, or 0.234%. For the last week the ETF has had daily average volatility of 0.311%

Our recommended stop-loss: $60.54 (-3.31%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (QLV) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Flexshares Us Quality Low Volatility Index Fund to open at $62.61, and during the day (based on 14 day Average True Range), to move between $62.32 and $62.90, which gives a possible trading interval of +/-$0.289 (+/-0.46%) 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 0.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $62.67 (0.10%) than the support at $61.73 (1.41%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.807 Hold/Accumulate Downgraded

Predicted Opening Price for Flexshares Us Quality Low Volatility Index Fund of Friday, July 5, 2024

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