Alpha Architect U.S. Quantitative ETF Forecast

Alpha Architect U.S. Quantitative ETF downgraded to Sell Candidate
(Updated on Jun 20, 2024)

QMOM Signals & Forecast

The Alpha Architect U.S. Quantitative 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 $58.49 and $58.67. A breakdown below any of these levels will issue sell signals. 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 Friday, May 24, 2024, and so far it has fallen -3.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Alpha Architect U.S. Quantitative gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Thursday, September 07, 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 Alpha Architect U.S. Quantitative ETF

Alpha Architect U.S. Quantitative finds support from accumulated volume at $58.32 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 $0.99 between high and low, or 1.70%. For the last week the ETF has had daily average volatility of 1.27%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (QMOM) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Alpha Architect U.S. Quantitative Momentum ETF to open at $58.76, and during the day (based on 14 day Average True Range), to move between $57.75 and $59.69, which gives a possible trading interval of +/-$0.97 (+/-1.65%) up or down from last closing price. If Alpha Architect U.S. Quantitative Momentum ETF takes out the full calculated possible swing range there will be an estimated 3.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $58.74 (0.03%) than the support at $58.32 (0.68%), 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 Alpha Architect U.S. Quantitative Momentum ETF ETF A Buy?

The Alpha Architect U.S. Quantitative ETF holds several negative signals and despite the positive trend, we believe Alpha Architect U.S. Quantitative will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.437 Sell Candidate Downgraded

Predicted Opening Price for Alpha Architect U.S. Quantitative Momentum ETF of Friday, June 21, 2024

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