HARTFORD MULTIFACTOR EMERGING MARKETS ETF Forecast
HARTFORD MULTIFACTOR EMERGING MARKETS ETF price up 0.118% on Monday
(Updated on Jun 24, 2024)
The HARTFORD MULTIFACTOR EMERGING MARKETS ETF price gained 0.118% on the last trading day (Monday, 24th Jun 2024), rising from $24.38 to $24.41. During the last trading day the ETF fluctuated 0.451% from a day low at $24.41 to a day high of $24.52. The price has risen in 7 of the last 10 days and is up by 1.98% 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, 7 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $202.48 thousand.
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 6.18% during the next 3 months and, with a 90% probability hold a price between $25.21 and $26.70 at the end of this 3-month period.
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ROAM Signals & Forecast
The HARTFORD MULTIFACTOR EMERGING MARKETS ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.23 and $24.14. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). HARTFORD MULTIFACTOR EMERGING MARKETS 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -0.631%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for HARTFORD MULTIFACTOR EMERGING MARKETS ETF
HARTFORD MULTIFACTOR EMERGING MARKETS finds support from accumulated volume at $24.04 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 $0.110 between high and low, or 0.451%. For the last week the ETF has had daily average volatility of 0.307%.
Our recommended stop-loss: $23.38 (-4.22%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (ROAM) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect HARTFORD MULTIFACTOR EMERGING MARKETS ETF to open at $24.45, and during the day (based on 14 day Average True Range), to move between $24.22 and $24.60, which gives a possible trading interval of +/-$0.185 (+/-0.76%) up or down from last closing price. If HARTFORD MULTIFACTOR EMERGING MARKETS ETF takes out the full calculated possible swing range there will be an estimated 1.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.44 (0.12%) than the support at $24.04 (1.51%), 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 HARTFORD MULTIFACTOR EMERGING MARKETS ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for HARTFORD MULTIFACTOR EMERGING MARKETS ETF to perform well in the short-term.
Current score: 4.512 Buy Candidate Unchanged
Predicted Opening Price for HARTFORD MULTIFACTOR EMERGING MARKETS ETF of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $24.45 ( 0.150%) | $24.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROAM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.56 | 0.601% |
| R2 | 24.51 | 0.429% |
| R1 | 24.49 | 0.322% |
| Price | 24.41 | |
| S1 | 24.40 | -0.0219% |
| S2 | 24.38 | -0.128% |
| S3 | 24.34 | -0.300% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.57 | 0.635% |
| R2 | 24.52 | 0.451% |
| R1 | 24.44 | 0.123% |
| Price | 24.41 | |
| S1 | 24.04 | -1.51% |
| S2 | 23.23 | -4.83% |
| S3 | 22.98 | -5.86% |
ROAM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 27, 2023 | Dec 22, 2023 | Dec 28, 2023 | $0.86 | 3.85% |
| 2 | Jan 27, 2023 | Jun 26, 2023 | Jun 29, 2023 | $0.349 | 1.68% |
| 3 | Dec 21, 2022 | Dec 22, 2022 | Dec 28, 2022 | $0.704 | 3.62% |
| 4 | Jun 24, 2022 | Jun 27, 2022 | Jun 30, 2022 | $0.316 | 1.58% |
| 5 | Jan 13, 2021 | Dec 22, 2021 | Dec 28, 2021 | $0.704 | 2.92% |
FAQ
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