QVC, Inc. 6.375% Senior Secured ETF Forecast
QVC, Inc. 6.375% Senior Secured ETF price ended at $12.99 on Friday, after gaining 1.13%.
(Updated on Jun 21, 2024)
The QVC, Inc. 6.375% Senior Secured ETF price gained 1.13% on the last trading day (Friday, 21st Jun 2024), rising from $12.85 to $12.99. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.56% from a day low at $12.79 to a day high of $12.99. The price has risen in 6 of the last 10 days but is still down by -0.46% for this period. Volume fell on the last day by -8 thousand shares and in total, 2 thousand shares were bought and sold for approximately $25.66 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -8.85% during the next 3 months and, with a 90% probability hold a price between $10.19 and $12.43 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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QVCD Signals & Forecast
The QVC, Inc. 6.375% Senior Secured ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $12.72 and $12.87. A breakdown below any of these levels will issue sell signals. 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, May 31, 2024, and so far it has fallen -6.81%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for QVC, Inc. 6.375% Senior Secured ETF
QVC, Inc. 6.375% Senior Secured finds support from accumulated volume at $12.61 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 $0.200 between high and low, or 1.56%. For the last week the ETF has had daily average volatility of 2.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QVCD) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect QVC, Inc. 6.375% Senior Secured to open at $12.92, and during the day (based on 14 day Average True Range), to move between $12.65 and $13.33, which gives a possible trading interval of +/-$0.340 (+/-2.62%) up or down from last closing price. If QVC, Inc. 6.375% Senior Secured takes out the full calculated possible swing range there will be an estimated 5.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.61 (2.93%) than the resistance at $13.48 (3.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is QVC, Inc. 6.375% Senior Secured ETF A Buy?
QVC, Inc. 6.375% Senior Secured holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.368 Sell Candidate Unchanged
Predicted Opening Price for QVC, Inc. 6.375% Senior Secured of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $12.92 ( 0.513%) | $12.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QVCD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.12 | 1.03% |
| R2 | 13.05 | 0.438% |
| R1 | 13.00 | 0.0749% |
| Price | 12.99 | |
| S1 | 12.85 | -1.10% |
| S2 | 12.80 | -1.46% |
| S3 | 12.72 | -2.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.12 | 16.40% |
| R2 | 13.94 | 7.31% |
| R1 | 13.48 | 3.77% |
| Price | 12.99 | |
| S1 | 12.61 | -2.93% |
| S2 | 12.50 | -3.77% |
| S3 | 12.40 | -4.54% |
QVCD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.398 | 3.15% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.398 | 2.83% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | $0.398 | 3.46% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.398 | 3.88% |
| 5 | May 31, 2023 | May 31, 2023 | Jun 15, 2023 | $0.398 | 3.66% |
FAQ
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