Horizons Robotics and Automation Index ETF Forecast
Horizons Robotics and Automation Index ETF price up 0.198% on Tuesday
(Updated on May 07, 2024)
The Horizons Robotics and Automation Index ETF price gained 0.198% on the last trading day (Tuesday, 7th May 2024), rising from $30.32 to $30.38. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.197% from a day low at $30.38 to a day high of $30.44. The price has risen in 7 of the last 10 days and is up by 8.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $91.41 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 -2.02% during the next 3 months and, with a 90% probability hold a price between $27.18 and $30.70 at the end of this 3-month period.
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RBOT.TO Signals & Forecast
Mostly positive signals in the chart today. The Horizons Robotics and Automation Index 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 $29.57 and $29.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.01%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Horizons Robotics and Automation Index has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Horizons Robotics and Automation Index ETF
Horizons Robotics and Automation Index finds support from accumulated volume at $30.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.0600 (0.197%) between high and low. For the last week, the ETF has had daily average volatility of 0.526%.
Our recommended stop-loss: $29.13 (-4.12%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (RBOT.TO) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Horizons Robotics and Automation Index ETF to open at $30.40, and during the day (based on 14 day Average True Range), to move between $30.03 and $30.73, which gives a possible trading interval of +/-$0.346 (+/-1.14%) up or down from last closing price. If Horizons Robotics and Automation Index ETF takes out the full calculated possible swing range there will be an estimated 2.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $30.62 (0.79%) than the support at $30.13 (0.82%), 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 Horizons Robotics and Automation Index ETF ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
Current score: 2.899 Buy Candidate Unchanged
Predicted Opening Price for Horizons Robotics and Automation Index ETF of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $30.40 ( 0.0658%) | $30.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RBOT.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.46 | 0.263 % | |
| R2 | 30.44 | 0.188 % | ||
| R1 | 30.42 | 0.141 % | ||
| Current price: | 30.38 | |||
| Support | S1 | 30.38 | -0.0096 % | |
| S2 | 30.36 | -0.0562 % | ||
| S3 | 30.34 | -0.132 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.23 | 2.80 % | |
| R2 | 30.67 | 0.95 % | ||
| R1 | 30.62 | 0.790 % | ||
| Current price | 30.38 | |||
| Support | S1 | 30.13 | -0.82% | |
| S2 | 29.15 | -4.05% | ||
| S3 | 28.40 | -6.52% |
RBOT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0300 | 0.108% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.106 | 0.519% |
| 3 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.0160 | 0.0439% |
| 4 | Dec 24, 2020 | Dec 30, 2020 | Jan 13, 2021 | $0.0560 | 0.160% |
| 5 | Dec 30, 2019 | Dec 30, 2019 | Dec 30, 2019 | $0.152 | 0.665% |
FAQ
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