Columbia Research Enhanced Value ETF Forecast
Red day on Thursday for Columbia Research Enhanced Value ETF after losing 0.250%
(Updated on Jun 20, 2024)
The Columbia Research Enhanced Value ETF price fell by -0.250% on the last day (Thursday, 20th Jun 2024) from $23.22 to $23.16. During the last trading day the ETF fluctuated 0.530% from a day low at $23.04 to a day high of $23.16. The price has fallen in 6 of the last 10 days and is down by -0.42% for this period. Volume has increased on the last day by 247 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, 4 thousand shares were bought and sold for approximately $84.10 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Columbia Research Enhanced Value ETF with a 90% probability to be traded between $22.09 and $23.48 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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REVS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.23%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Columbia Research Enhanced Value ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $23.32. On a fall, the ETF will find some support from the short-term average at $23.05. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Columbia Research Enhanced Value 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Columbia Research Enhanced Value ETF
Columbia Research Enhanced Value finds support from accumulated volume at $23.16 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 $0.122 between high and low, or 0.530%. For the last week the ETF has had daily average volatility of 0.696%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REVS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Columbia Research Enhanced Value ETF to open at $23.12, and during the day (based on 14 day Average True Range), to move between $22.97 and $23.36, which gives a possible trading interval of +/-$0.195 (+/-0.84%) up or down from last closing price. If Columbia Research Enhanced Value ETF takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.16 (0.01%) than the resistance at $23.19 (0.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Columbia Research Enhanced Value ETF ETF A Buy?
Columbia Research Enhanced Value holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.971 Sell Candidate Unchanged
Predicted Opening Price for Columbia Research Enhanced Value ETF of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $23.12 ( 0.176%) | $23.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REVS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.24 | 0.351% |
| R2 | 23.20 | 0.150% |
| R1 | 23.17 | 0.0256% |
| Price | 23.16 | |
| S1 | 23.07 | -0.377% |
| S2 | 23.05 | -0.501% |
| S3 | 23.00 | -0.702% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.89 | 3.14% |
| R2 | 23.32 | 0.682% |
| R1 | 23.19 | 0.138% |
| Price | 23.16 | |
| S1 | 23.16 | -0.0086% |
| S2 | 22.97 | -0.83% |
| S3 | 22.96 | -0.86% |
REVS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.539 | 2.51% |
| 2 | Dec 16, 2022 | Dec 19, 2022 | Dec 27, 2022 | $0.481 | 2.46% |
| 3 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $0.252 | 1.18% |
| 4 | Mar 10, 2020 | Dec 18, 2020 | Dec 28, 2020 | $4.67 | 27.99% |
| 5 | Dec 19, 2019 | Dec 20, 2019 | Dec 26, 2019 | $0.149 | 0.701% |
FAQ
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