Global X NASDAQ 100 Risk Managed Income ETF Forecast

$17.43
+0.0185 (+0.106%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Global X NASDAQ 100 Risk Managed Income ETF price up 0.106% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 0.22% PDF

The Global X NASDAQ 100 Risk Managed Income ETF price gained 0.106% on the last trading day (Wednesday, 27th Mar 2024), rising from $17.41 to $17.43. During the last trading day the ETF fluctuated 0.344% from a day low at $17.39 to a day high of $17.45. The price has risen in 6 of the last 10 days but is still down by -0.24% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $76.76 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 Global X NASDAQ 100 Risk Managed Income ETF with a 90% probability to be traded between $17.52 and $17.94 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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QRMI Signals & Forecast

The Global X NASDAQ 100 Risk Managed 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 $17.40 and $17.37. A breakdown below any of these levels will issue sell signals. Global X NASDAQ 100 Risk Managed Income 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Wednesday, March 13, 2024, and so far it has fallen -0.238%. 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). The ETF had a Golden Star Signal on Tuesday, January 09, 2024 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.

Buy
Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Tuesday, January 09, 2024 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.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Wednesday, March 13, 2024 and based on theory for this formation the price should fall by -1.14% to $17.23 within 18 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for Global X NASDAQ 100 Risk Managed Income ETF

Global X NASDAQ 100 Risk Managed Income finds support from accumulated volume at $17.41 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 $0.0599 between high and low, or 0.344%. For the last week the ETF has had daily average volatility of 0.264%.

Our recommended stop-loss: $16.72 (-4.07%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (QRMI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Global X NASDAQ 100 Risk Managed Income ETF to open at $17.42, and during the day (based on 14 day Average True Range), to move between $17.35 and $17.51, which gives a possible trading interval of +/-$0.0825 (+/-0.47%) up or down from last closing price. If Global X NASDAQ 100 Risk Managed Income ETF takes out the full calculated possible swing range there will be an estimated 0.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.44 (0.07%) than the support at $17.41 (0.11%), 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 Global X NASDAQ 100 Risk Managed Income 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 Global X NASDAQ 100 Risk Managed Income ETF to perform well in the short-term period.

Current score: 2.852 Buy Candidate Unchanged

Predicted Opening Price for Global X NASDAQ 100 Risk Managed Income ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$17.42 ( 0.0327%) $17.43

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

Trading levels for QRMI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.48 0.311 %
R2 17.46 0.180 %
R1 17.45 0.0986 %
Current price: 17.43
Support S1 17.40 -0.164 %
S2 17.39 -0.245 %
S3 17.36 -0.376 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.48 0.314 %
R2 17.46 0.181 %
R1 17.44 0.0660 %
Current price 17.43
Support S1 17.41 -0.106%
S2 17.28 -0.85%
S3 17.16 -1.54%

QRMI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 15, 2024 Mar 18, 2024 Mar 26, 2024 $0.173 0.99%
2 Feb 16, 2024 Feb 20, 2024 Feb 28, 2024 $0.173 1.00%
3 Jan 19, 2024 Jan 22, 2024 Jan 30, 2024 $0.176 1.02%
4 Dec 27, 2023 Dec 28, 2023 Jan 08, 2024 $0.172 1.00%
5 Nov 17, 2023 Nov 20, 2023 Nov 29, 2023 $0.170 1.00%

FAQ

What is the symbol for Global X NASDAQ 100 Risk Managed Income ETF ETF and on which exchange is it traded?
The symbol for Global X NASDAQ 100 Risk Managed Income ETF is QRMI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Global X NASDAQ 100 Risk Managed Income ETF ETF?
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 Global X NASDAQ 100 Risk Managed Income ETF to perform well in the short-term period.

How to buy Global X NASDAQ 100 Risk Managed Income ETF ETF?
Global X NASDAQ 100 Risk Managed Income ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Global X NASDAQ 100 Risk Managed Income ETF ETF.

What's the current price of Global X NASDAQ 100 Risk Managed Income ETF ETF?
As of the end of day on the 2024-03-27, the price of an Global X NASDAQ 100 Risk Managed Income ETF (QRMI) share was $17.43.

What is the 52-week high and low for Global X NASDAQ 100 Risk Managed Income ETF ETF?
The 52-week high for Global X NASDAQ 100 Risk Managed Income ETF ETF is $18.39 and the 52-week low is $16.49.

What is the market capitalization of Global X NASDAQ 100 Risk Managed Income ETF ETF?
As of the 2024-03-27, the market capitalization of Global X NASDAQ 100 Risk Managed Income ETF is 12.848M.
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