Global X Funds - Global X Nasdaq 100 Esg ETF Forecast
Global X Funds - Global X Nasdaq 100 Esg ETF price ended at $26.92 on Friday, after gaining 0.0918%.
(Updated on Jun 28, 2024)
The Global X Funds - Global X Nasdaq 100 Esg ETF price gained 0.0918% on the last trading day (Friday, 28th Jun 2024), rising from $26.89 to $26.92. During the last trading day the ETF fluctuated 0.564% from a day low at $26.92 to a day high of $27.07. The price has risen in 7 of the last 10 days but is still down by -0.57% for this period. Volume fell on the last day by -160 shares and in total, 921 shares were bought and sold for approximately $24.79 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 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 2.13% during the next 3 months and, with a 90% probability hold a price between $26.54 and $27.88 at the end of this 3-month period.
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QYLE Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.20%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Global X Funds - Global X Nasdaq 100 Esg ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $26.93. On a fall, the ETF will find some support from the long-term average at approximately $26.68. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Global X Funds - Global X Nasdaq 100 Esg ETF
Global X Funds - Global X Nasdaq 100 Esg finds support from accumulated volume at $26.80 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.152 between high and low, or 0.564%. For the last week the ETF has had daily average volatility of 0.516%
Our recommended stop-loss: $25.82 (-4.07%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (QYLE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Global X Funds - Global X Nasdaq 100 Esg Covered Call Etf to open at $26.97, and during the day (based on 14 day Average True Range), to move between $26.76 and $27.07, which gives a possible trading interval of +/-$0.157 (+/-0.58%) up or down from last closing price. If Global X Funds - Global X Nasdaq 100 Esg Covered Call Etf takes out the full calculated possible swing range there will be an estimated 1.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.96 (0.16%) than the support at $26.80 (0.44%), 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 Funds - Global X Nasdaq 100 Esg Covered Call Etf ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.569 Buy Candidate Unchanged
Predicted Opening Price for Global X Funds - Global X Nasdaq 100 Esg Covered Call Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$26.97 ( 0.188%) | $26.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QYLE
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 27.12 | 0.752% |
R2 | 27.06 | 0.537% |
R1 | 27.03 | 0.404% |
Price | 26.92 | |
S1 | 26.91 | -0.0275% |
S2 | 26.87 | -0.161% |
S3 | 26.82 | -0.376% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 27.18 | 0.98% |
R2 | 27.03 | 0.416% |
R1 | 26.96 | 0.156% |
Price | 26.92 | |
S1 | 26.80 | -0.439% |
S2 | 26.38 | -2.00% |
S3 | 25.73 | -4.41% |
QYLE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 17, 2024 | May 20, 2024 | May 29, 2024 | $0.233 | 0.88% |
2 | Apr 19, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.254 | 0.98% |
3 | Mar 15, 2024 | Mar 18, 2024 | Mar 26, 2024 | $0.224 | 0.83% |
4 | Feb 20, 2024 | Feb 20, 2024 | Feb 20, 2024 | $0.253 | 0.97% |
5 | Jan 19, 2024 | Jan 22, 2024 | Jan 30, 2024 | $0.263 | 0.99% |
FAQ
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