HCM Defender 100 Index ETF Forecast
HCM Defender 100 Index ETF upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The HCM Defender 100 Index ETF price gained 1.49% on the last trading day (Tuesday, 2nd Jul 2024), rising from $62.27 to $63.20. During the last trading day the ETF fluctuated 2.03% from a day low at $61.94 to a day high of $63.20. The price has been going up and down for this period, and there has been a 1.17% gain for the last 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 32 thousand shares were bought and sold for approximately $2.00 million. 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 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 19.42% during the next 3 months and, with a 90% probability hold a price between $71.42 and $77.82 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
Mostly positive signals in the chart today. The HCM Defender 100 Index 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 $61.87 and $59.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 23.29%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for HCM Defender 100 Index ETF
HCM Defender 100 Index finds support from accumulated volume at $62.47 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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $1.26 between high and low, or 2.03%. For the last week, the ETF has had daily average volatility of 1.51%.
Our recommended stop-loss: $61.28 (-3.04%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 69 days ago.)
Trading Expectations (QQH) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect HCM Defender 100 Index ETF to open at $62.78, and during the day (based on 14 day Average True Range), to move between $62.29 and $64.11, which gives a possible trading interval of +/-$0.91 (+/-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 2.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $62.47, some $0.730 (1.16%) from the current price of $63.20, our system finds the risk reward attractive.
Is HCM Defender 100 Index ETF ETF A Buy?
HCM Defender 100 Index holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.031 Strong Buy Candidate Upgraded
Predicted Opening Price for HCM Defender 100 Index ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $62.78 ( 0.665%) | $63.20 |
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 | 64.04 | 1.33% |
| R2 | 63.56 | 0.568% |
| R1 | 63.26 | 0.0970% |
| Price | 63.20 | |
| S1 | 62.30 | -1.43% |
| S2 | 62.00 | -1.90% |
| S3 | 61.52 | -2.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 63.20 | |
| S1 | 62.47 | -1.16% |
| S2 | 62.27 | -1.47% |
| S3 | 56.74 | -10.22% |
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.
