QVC, Inc. 6.375% Senior Secured ETF Forecast
Red day on Thursday for QVC, Inc. 6.375% Senior Secured ETF after losing 0.440%
(Updated on Jun 27, 2024)
The QVC, Inc. 6.375% Senior Secured ETF price fell by -0.440% on the last day (Thursday, 27th Jun 2024) from $12.50 to $12.45. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 2.23% from a day low at $12.32 to a day high of $12.59. The price has been going up and down for this period, and there has been a -0.6% loss for the last 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 thousand shares were bought and sold for approximately $190.32 thousand.
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 -4.96% during the next 3 months and, with a 90% probability hold a price between $11.01 and $13.05 at the end of this 3-month period.
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QVCD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.363%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The QVC, Inc. 6.375% Senior Secured ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.75 and $12.83. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). QVC, Inc. 6.375% Senior Secured gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for QVC, Inc. 6.375% Senior Secured ETF
QVC, Inc. 6.375% Senior Secured finds support from accumulated volume at $12.40 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 $0.275 between high and low, or 2.23%. For the last week, the ETF has had daily average volatility of 1.86%.
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect QVC, Inc. 6.375% Senior Secured to open at $12.45, and during the day (based on 14 day Average True Range), to move between $12.12 and $12.77, which gives a possible trading interval of +/-$0.326 (+/-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 5.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.40 (0.36%) than the resistance at $12.50 (0.44%), 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: -2.891 Sell Candidate Unchanged
Predicted Opening Price for QVC, Inc. 6.375% Senior Secured of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $12.45 ( 0.0402%) | $12.45 |
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 | 12.73 | 2.25% |
| R2 | 12.62 | 1.41% |
| R1 | 12.56 | 0.88% |
| Price | 12.45 | |
| S1 | 12.34 | -0.80% |
| S2 | 12.28 | -1.33% |
| S3 | 12.18 | -2.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.94 | 12.01% |
| R2 | 13.48 | 8.32% |
| R1 | 12.50 | 0.442% |
| Price | 12.45 | |
| S1 | 12.40 | -0.362% |
| S2 | 12.35 | -0.763% |
| S3 | 12.16 | -2.29% |
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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