NEOS NASDAQ-100(R) High Income ETF Forecast
NEOS NASDAQ-100(R) High Income ETF price up 0.733% on Tuesday
(Updated on Jul 02, 2024)
The NEOS NASDAQ-100(R) High Income ETF price gained 0.733% on the last trading day (Tuesday, 2nd Jul 2024), rising from $51.83 to $52.21. During the last trading day the ETF fluctuated 0.86% from a day low at $51.79 to a day high of $52.23. The price has fallen in 6 of the last 10 days and is down by -0.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 84 thousand more shares were traded than the day before. In total, 260 thousand shares were bought and sold for approximately $13.58 million.
The ETF lies in the middle of a 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 5.26% during the next 3 months and, with a 90% probability hold a price between $52.87 and $55.56 at the end of this 3-month period.
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QQQI Signals & Forecast
The NEOS NASDAQ-100(R) High Income 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 $51.90 and $51.31. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical 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 Monday, June 17, 2024, and so far it has fallen -0.286%. 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).
Support, Risk & Stop-loss for NEOS NASDAQ-100(R) High Income ETF
NEOS NASDAQ-100(R) High Income finds support from accumulated volume at $51.73 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 $0.443 between high and low, or 0.86%. For the last week the ETF has had daily average volatility of 0.567%.
Our recommended stop-loss: $50.16 (-3.93%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 50 days ago.)
Trading Expectations (QQQI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect NEOS NASDAQ-100(R) High Income ETF to open at $52.08, and during the day (based on 14 day Average True Range), to move between $51.86 and $52.56, which gives a possible trading interval of +/-$0.353 (+/-0.68%) up or down from last closing price. If NEOS NASDAQ-100(R) High Income ETF takes out the full calculated possible swing range there will be an estimated 1.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.23 (0.04%) than the support at $51.73 (0.92%), 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 NEOS NASDAQ-100(R) High Income 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 NEOS NASDAQ-100(R) High Income ETF to perform well in the short-term.
Current score: 1.104 Buy Candidate Unchanged
Predicted Opening Price for NEOS NASDAQ-100(R) High Income ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $52.08 ( 0.257%) | $52.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QQQI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.52 | 0.591% |
| R2 | 52.35 | 0.267% |
| R1 | 52.24 | 0.0669% |
| Price | 52.21 | |
| S1 | 51.91 | -0.582% |
| S2 | 51.80 | -0.782% |
| S3 | 51.63 | -1.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.36 | 0.287% |
| R2 | 52.34 | 0.249% |
| R1 | 52.23 | 0.0383% |
| Price | 52.21 | |
| S1 | 51.73 | -0.92% |
| S2 | 51.27 | -1.80% |
| S3 | 50.42 | -3.43% |
QQQI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 22, 2024 | May 24, 2024 | $0.613 | 1.21% |
| 2 | Apr 24, 2024 | Apr 24, 2024 | Apr 24, 2024 | $0.587 | 1.20% |
| 3 | Mar 19, 2024 | Mar 20, 2024 | Mar 22, 2024 | $0.605 | 1.18% |
| 4 | Feb 20, 2024 | Feb 21, 2024 | Feb 23, 2024 | $0.594 | 1.18% |
FAQ
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