HCM Defender 100 Index ETF Forecast
HCM Defender 100 Index ETF upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The HCM Defender 100 Index ETF price gained 1.46% on the last trading day (Tuesday, 25th Jun 2024), rising from $60.63 to $61.52. During the last trading day the ETF fluctuated 0.86% from a day low at $61.03 to a day high of $61.56. The price has risen in 6 of the last 10 days and is up by 5.05% over the past 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 9 thousand shares were bought and sold for approximately $577.14 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a wide and strong 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 15.38% during the next 3 months and, with a 90% probability hold a price between $65.00 and $72.86 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
QQH Signals & Forecast
The HCM Defender 100 Index 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 $61.66. On a fall, the ETF will find some support from the long-term average at approximately $57.92. 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. 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 Monday, June 17, 2024, and so far it has fallen -1.53%. 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 HCM Defender 100 Index ETF
HCM Defender 100 Index finds support from accumulated volume at $60.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.527 between high and low, or 0.86%. For the last week the ETF has had daily average volatility of 1.19%.
Our recommended stop-loss: $59.39 (-3.46%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (QQH) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect HCM Defender 100 Index ETF to open at $61.37, and during the day (based on 14 day Average True Range), to move between $60.62 and $62.41, which gives a possible trading interval of +/-$0.89 (+/-1.45%) up or down from last closing price. If HCM Defender 100 Index ETF takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.69 (0.28%) than the support at $60.65 (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 HCM Defender 100 Index 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 HCM Defender 100 Index ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.255 Buy Candidate Upgraded
Predicted Opening Price for HCM Defender 100 Index ETF of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$61.37 ( 0.236%) | $61.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QQH
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 61.90 | 0.621% |
R2 | 61.70 | 0.294% |
R1 | 61.57 | 0.0914% |
Price | 61.52 | |
S1 | 61.17 | -0.563% |
S2 | 61.04 | -0.765% |
S3 | 60.84 | -1.09% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 62.47 | 1.55% |
R2 | 62.38 | 1.41% |
R1 | 61.69 | 0.284% |
Price | 61.52 | |
S1 | 60.65 | -1.41% |
S2 | 56.74 | -7.76% |
S3 | 55.01 | -10.58% |
QQH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.137 | 0.276% |
2 | Dec 12, 2019 | Dec 13, 2019 | Dec 23, 2019 | $0.0620 | 0.215% |
FAQ
Click here for our free guide on how to buy HCM Defender 100 Index ETF ETF.