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Global X NASDAQ 100 Covered Call ETF downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Loss -0.11% PDF

The Global X NASDAQ 100 Covered Call ETF price fell by -0.112% on the last day (Thursday, 28th Mar 2024) from $17.93 to $17.91. During the last trading day the ETF fluctuated 0.223% from a day low at $17.91 to a day high of $17.95. The price has been going up and down for this period, and there has been a -0.5% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -488 thousand shares and in total, 3 million shares were bought and sold for approximately $47.70 million.

The ETF lies in the middle of a narrow and 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 3.45% during the next 3 months and, with a 90% probability hold a price between $18.27 and $18.72 at the end of this 3-month period.

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QYLD Signals & Forecast

The Global X NASDAQ 100 Covered Call 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 $17.89 and $17.85. 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 Thursday, March 14, 2024, and so far it has fallen -0.500%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Global X NASDAQ 100 Covered Call ETF

Global X NASDAQ 100 Covered Call finds support from accumulated volume at $17.89 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 $0.0400 between high and low, or 0.223%. For the last week the ETF has had daily average volatility of 0.269%.

Our recommended stop-loss: $17.17 (-4.12%) (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 (QYLD) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Global X NASDAQ 100 Covered Call ETF to open at $17.92, and during the day (based on 14 day Average True Range), to move between $17.83 and $17.99, which gives a possible trading interval of +/-$0.0809 (+/-0.45%) up or down from last closing price. If Global X NASDAQ 100 Covered Call ETF takes out the full calculated possible swing range there will be an estimated 0.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.92 (0.06%) than the support at $17.89 (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 Covered Call ETF ETF A Buy?

Global X NASDAQ 100 Covered Call holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.036 Hold/Accumulate Downgraded

Predicted Opening Price for Global X NASDAQ 100 Covered Call ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$17.92 ( 0.0744%) $17.91

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

Trading levels for QYLD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.96 0.298 %
R2 17.95 0.212 %
R1 17.94 0.160 %
Current price: 17.91
Support S1 17.91 -0.0109 %
S2 17.90 -0.0636 %
S3 17.88 -0.149 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 18.00 0.503 %
R2 17.93 0.112 %
R1 17.92 0.0558 %
Current price 17.91
Support S1 17.89 -0.112%
S2 17.84 -0.391%
S3 17.80 -0.614%

QYLD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 30, 2024 Dec 30, 2024 Jan 07, 2025 $0.0650 0.363%
2 Mar 15, 2024 Mar 18, 2024 Mar 26, 2024 $0.178 1.00%
3 Feb 29, 2024 Feb 29, 2024 Mar 14, 2024 $0.0650 0.361%
4 Feb 16, 2024 Feb 20, 2024 Feb 28, 2024 $0.177 1.00%
5 Jan 19, 2024 Jan 22, 2024 Jan 30, 2024 $0.179 1.01%

FAQ

What is the symbol for Global X NASDAQ 100 Covered Call ETF ETF and on which exchange is it traded?
The symbol for Global X NASDAQ 100 Covered Call ETF is QYLD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Global X NASDAQ 100 Covered Call ETF ETF?
Global X NASDAQ 100 Covered Call holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Global X NASDAQ 100 Covered Call ETF ETF?
Global X NASDAQ 100 Covered Call 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 Covered Call ETF ETF.

What's the current price of Global X NASDAQ 100 Covered Call ETF ETF?
As of the end of day on the 2024-03-28, the price of an Global X NASDAQ 100 Covered Call ETF (QYLD) share was $17.91.

What is the 52-week high and low for Global X NASDAQ 100 Covered Call ETF ETF?
The 52-week high for Global X NASDAQ 100 Covered Call ETF ETF is $18.16 and the 52-week low is $16.25.

What is the market capitalization of Global X NASDAQ 100 Covered Call ETF ETF?
As of the 2024-03-28, the market capitalization of Global X NASDAQ 100 Covered Call ETF is 8.017B.
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About Global X NASDAQ 100 Covered Call ETF

The investment seeks to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the CBOE NASDAQ-100 BuyWrite V2 Index. The fund will invest at least 80% of its total assets in common stocks of the companies included in the NASDAQ-100 Index ("80% Policy"). The CBOE NASDAQ-100® BuyWrite Index is a benchmark index that measures the performance of a theoretical portfolio that hol... QYLD Profile

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