Russell Investments Australian ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Russell Investments Australian as ETF downgraded to Sell Candidate.
(Updated on Jun 27, 2024)
The Russell Investments Australian ETF price fell by -0.622% on the last day (Thursday, 27th Jun 2024) from A$27.35 to A$27.18. During the last trading day the ETF fluctuated 0.666% from a day low at A$27.01 to a day high of A$27.19. The price has fallen in 6 of the last 10 days but is still up by 0.04% over the past 2 weeks. Volume has increased on the last day by 17 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, 18 thousand shares were bought and sold for approximately A$490.44 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 Russell Investments Australian ETF with a 90% probability to be traded between A$26.47 and A$27.73 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RARI.AX Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Russell Investments Australian ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at A$27.33 and A$27.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -1.34%. Further fall is indicated until a new bottom pivot has been found. Russell Investments Australian 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". The ETF had a Golden Star Signal on Tuesday, June 04, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Tuesday, June 04, 2024 in the short-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.
A sell signal from a double top formation was found on Friday, June 07, 2024 and based on theory for this formation the price should fall by -3.40% to A$26.26 within 16 trading days since signal was issued (Tuesday, July 02, 2024).
Support, Risk & Stop-loss for Russell Investments Australian ETF
Russell Investments Australian finds support from accumulated volume at A$27.17 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 A$0.180 between high and low, or 0.666%. For the last week the ETF has had daily average volatility of 0.426%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RARI.AX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Russell Investments Australian Responsible Investment ETF to open at A$27.13, and during the day (based on 14 day Average True Range), to move between A$26.98 and A$27.38, which gives a possible trading interval of +/-A$0.198 (+/-0.73%) up or down from last closing price. If Russell Investments Australian Responsible Investment ETF takes out the full calculated possible swing range there will be an estimated 1.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at A$27.17 (0.04%) than the resistance at A$27.30 (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 Russell Investments Australian Responsible Investment ETF ETF A Buy?
Russell Investments Australian holds several negative signals and is within a narrow 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.912 Sell Candidate Downgraded
Predicted Opening Price for Russell Investments Australian Responsible Investment ETF of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| A$27.13 ( 0.196%) | A$27.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RARI.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.31 | 0.466% |
| R2 | 27.24 | 0.213% |
| R1 | 27.20 | 0.0568% |
| Price | 27.18 | |
| S1 | 27.06 | -0.449% |
| S2 | 27.02 | -0.605% |
| S3 | 26.95 | -0.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.65 | 1.73% |
| R2 | 27.31 | 0.478% |
| R1 | 27.30 | 0.442% |
| Price | 27.18 | |
| S1 | 27.17 | -0.0368% |
| S2 | 27.04 | -0.515% |
| S3 | 26.84 | -1.25% |
RARI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2023 | Dec 29, 2023 | Dec 29, 2023 | A$0.509 | 1.97% |
| 2 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | A$0.485 | 1.98% |
| 3 | Dec 30, 2022 | Dec 30, 2022 | Dec 30, 2022 | A$0.488 | 2.01% |
| 4 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | A$0.397 | 1.72% |
| 5 | Dec 31, 2021 | Dec 31, 2021 | Dec 31, 2021 | A$0.492 | 1.85% |
FAQ
Click here for our free guide on how to buy Russell Investments Australian Responsible Investment ETF ETF.
