BetaShares FTSE RAFI Australia 200 ETF Forecast
BetaShares FTSE RAFI Australia 200 ETF upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The BetaShares FTSE RAFI Australia 200 ETF price gained 0.315% on the last trading day (Friday, 21st Jun 2024), rising from A$15.88 to A$15.93. During the last trading day the ETF fluctuated 0.567% from a day low at A$15.88 to a day high of A$15.97. The price has been going up and down for this period, and there has been a -0.56% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately A$792.58 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BetaShares FTSE RAFI Australia 200 ETF with a 90% probability to be traded between A$15.52 and A$16.15 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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QOZ.AX Signals & Forecast
Mostly positive signals in the chart today. The BetaShares FTSE RAFI Australia 200 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 A$15.85 and A$15.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.14%. 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). BetaShares FTSE RAFI Australia 200 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. The ETF had a Golden Star Signal on Monday, July 17, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, July 17, 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.
A sell signal from a double top formation was found on Friday, June 07, 2024 and based on theory for this formation the price should fall by -4.33% to A$15.24 within 12 trading days since signal was issued (Wednesday, June 26, 2024).
Support, Risk & Stop-loss for BetaShares FTSE RAFI Australia 200 ETF
BetaShares FTSE RAFI Australia 200 finds support from accumulated volume at A$15.88 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 A$0.0900 between high and low, or 0.567%. For the last week the ETF has had daily average volatility of 0.582%.
Our recommended stop-loss: A$15.04 (-5.61%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (QOZ.AX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect BetaShares FTSE RAFI Australia 200 ETF to open at A$15.93, and during the day (based on 14 day Average True Range), to move between A$15.81 and A$16.05, which gives a possible trading interval of +/-A$0.124 (+/-0.78%) up or down from last closing price. If BetaShares FTSE RAFI Australia 200 ETF takes out the full calculated possible swing range there will be an estimated 1.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at A$15.88 (0.31%) than the resistance at A$16.02 (0.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BetaShares FTSE RAFI Australia 200 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 BetaShares FTSE RAFI Australia 200 ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 2.322 Buy Candidate Upgraded
Predicted Opening Price for BetaShares FTSE RAFI Australia 200 ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| A$15.93 ( 0.0209%) | A$15.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QOZ.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.02 | 0.544% |
| R2 | 15.98 | 0.328% |
| R1 | 15.96 | 0.195% |
| Price | 15.93 | |
| S1 | 15.89 | -0.237% |
| S2 | 15.87 | -0.370% |
| S3 | 15.84 | -0.586% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.15 | 1.38% |
| R2 | 16.04 | 0.691% |
| R1 | 16.02 | 0.565% |
| Price | 15.93 | |
| S1 | 15.88 | -0.314% |
| S2 | 15.85 | -0.502% |
| S3 | 15.79 | -0.88% |
QOZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | A$0.355 | 2.32% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | A$0.428 | 2.96% |
| 3 | Jan 03, 2023 | Jan 03, 2023 | Jan 03, 2023 | A$0.393 | 2.78% |
| 4 | Jul 01, 2022 | Jul 01, 2022 | Jul 01, 2022 | A$0.735 | 5.53% |
| 5 | Jan 04, 2022 | Jan 04, 2022 | Jan 04, 2022 | A$0.336 | 2.23% |
FAQ
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