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Simplify Growth Equity Plus Convexity ETF Forecast NASDAQ:QQC

$33.15 (-2.16%)

Volume: 7k

Closed: Nov 26, 2021

Hollow Logo Score: 1.442

Simplify Growth Equity Plus Convexity ETF Forecast

$33.15 (-2.16%)

Volume: 7k

Closed: Nov 26, 2021

Score Hollow Logo 1.442
Which way will QQC go? Request

QQC ETF Risk

In general the ETF tends to have controlled movements and therefore the general risk is considered 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 $0.79 between high and low, or 2.37%. For the last week the ETF has had a daily average volatility of 1.91%.

Our recommended stop-loss: $31.38 (-5.35%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 30 - 80 ] RSI14 is 40 and the ETF is currently not being overbought or oversold

Simplify Growth Equity Plus Convexity ETF price down 2.16% on Friday
(Updated on Nov 26, 2021)


Buy candidate since 2021-11-24 Loss -2.16%

The Simplify Growth Equity Plus Convexity ETF price fell by -2.16% on the last day (Friday, 26th Nov 2021) from $33.88 to $33.15. During the day the ETF fluctuated 2.37% from a day low at $33.11 to a day high of $33.90. The price has risen in 7 of the last 10 days, but is still down by -0.42% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -39 thousand shares and in total, 7 thousand shares were bought and sold for approximately $218.96 thousand.

The ETF lies in the middle of a wide 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 8.44% during the next 3 months and, with a 90% probability hold a price between $33.29 and $37.48 at the end of this 3-month period.

Signals & Forecast

The Simplify Growth Equity Plus Convexity ETF holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term moving average at approximately $33.88. On a fall, the ETF will find some support from the long-term average at approximately $32.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, November 19, 2021, and so far it has fallen -3.61%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

Simplify Growth Equity Plus Convexity finds support from accumulated volume at $31.57 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 controlled movements and therefore the general risk is considered 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 $0.79 between high and low, or 2.37%. For the last week the ETF has had a daily average volatility of 1.91%.

Our recommended stop-loss: $31.38 (-5.35%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Is Simplify Growth Equity Plus Convexity ETF 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 Simplify Growth Equity Plus Convexity ETF to perform well in the short-term.

Current score: 1.442

Predicted Opening Price for Simplify Growth Equity Plus Convexity ETF of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$33.39 $33.15 (Undervalued)
Buy Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 1.91 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.91 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $33.29
Price: $33.15
Support: $31.57

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 34.17 3.09 %
33.87 2.18 %
33.69 1.62 %
Current price: 33.15
Support 33.09 -0.19 %
32.90 -0.75 %
32.60 -1.65 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 33.88 2.21 %
33.36 0.63 %
33.29 0.42 %
Current price 33.15
Support 31.57 -4.77%
30.50 -8.00%
29.76 -10.21%

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