FLEXSHARES READY ACCESS VARIABLE INCOME ETF Forecast
FLEXSHARES READY ACCESS VARIABLE INCOME ETF upgraded from Sell Candidate to Buy Candidate after Monday trading session.
(Updated on Jun 17, 2024)
The FLEXSHARES READY ACCESS VARIABLE INCOME ETF price gained 0.0133% on the last trading day (Monday, 17th Jun 2024), rising from $75.34 to $75.35. During the last trading day the ETF fluctuated 0.0133% from a day low at $75.35 to a day high of $75.36. The price has risen in 6 of the last 10 days and is up by 0.23% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 86 thousand shares were bought and sold for approximately $6.50 million. 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 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 FLEXSHARES READY ACCESS VARIABLE INCOME ETF with a 90% probability to be traded between $75.19 and $75.53 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.
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RAVI Signals & Forecast
The FLEXSHARES READY ACCESS VARIABLE INCOME 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 $75.31 and $75.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 0.226%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Tuesday, June 11, 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 11, 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, May 31, 2024 and based on theory for this formation the price should fall by -0.0100% to $75.34 within 23 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for FLEXSHARES READY ACCESS VARIABLE INCOME ETF
FLEXSHARES READY ACCESS VARIABLE INCOME finds support from accumulated volume at $75.34 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 $0.0100 between high and low, or 0.0133%. For the last week the ETF has had daily average volatility of 0.0319%.
Our recommended stop-loss: $70.02 (-7.07%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (RAVI) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect FLEXSHARES READY ACCESS VARIABLE INCOME FUND to open at $75.35, and during the day (based on 14 day Average True Range), to move between $75.30 and $75.40, which gives a possible trading interval of +/-$0.0495 (+/-0.07%) up or down from last closing price. If FLEXSHARES READY ACCESS VARIABLE INCOME FUND takes out the full calculated possible swing range there will be an estimated 0.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $75.34 (0.01%) than the resistance at $75.37 (0.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FLEXSHARES READY ACCESS VARIABLE INCOME FUND ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for FLEXSHARES READY ACCESS VARIABLE INCOME ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 2.041 Buy Candidate Upgraded
Predicted Opening Price for FLEXSHARES READY ACCESS VARIABLE INCOME FUND of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $75.35 ( 0.0044%) | $75.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAVI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75.36 | 0.0177% |
| R2 | 75.36 | 0.0126% |
| R1 | 75.36 | 0.0095% |
| Price | 75.35 | |
| S1 | 75.35 | -0.0006% |
| S2 | 75.35 | -0.0038% |
| S3 | 75.34 | -0.0088% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75.49 | 0.179% |
| R2 | 75.41 | 0.0796% |
| R1 | 75.37 | 0.0265% |
| Price | 75.35 | |
| S1 | 75.34 | -0.0133% |
| S2 | 75.29 | -0.0776% |
| S3 | 75.24 | -0.146% |
RAVI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.333 | 0.442% |
| 2 | Jan 30, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.338 | 0.450% |
| 3 | Jan 30, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.310 | 0.412% |
| 4 | Jan 30, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.337 | 0.449% |
| 5 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.329 | 0.440% |
FAQ
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