Robo-Stox Global Robotics and Automation ETF Forecast
Green day on Friday for Robo-Stox Global Robotics and Automation ETF after gaining 1.56%
(Updated on Apr 26, 2024)
The Robo-Stox Global Robotics and Automation ETF price gained 1.56% on the last trading day (Friday, 26th Apr 2024), rising from $53.85 to $54.69. During the last trading day the ETF fluctuated 1.40% from a day low at $54.18 to a day high of $54.94. The price has fallen in 6 of the last 10 days and is down by -1.17% for this period. 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, 40 thousand shares were bought and sold for approximately $2.19 million.
The ETF is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Robo-Stox Global Robotics and Automation ETF with a 90% probability to be traded between $52.28 and $57.88 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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ROBO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.99%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Robo-Stox Global Robotics and Automation 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 $56.61. On a fall, the ETF will find some support from the short-term average at $53.94. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Robo-Stox Global Robotics and Automation ETF
Robo-Stox Global Robotics and Automation finds support from accumulated volume at $54.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.760 between high and low, or 1.40%. For the last week, the ETF has had daily average volatility of 1.47%.
Our recommended stop-loss: $51.76 (-5.36%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (ROBO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Robo-Stox Global Robotics and Automation Index ETF to open at $54.60, and during the day (based on 14 day Average True Range), to move between $53.81 and $55.57, which gives a possible trading interval of +/-$0.88 (+/-1.61%) up or down from last closing price. If Robo-Stox Global Robotics and Automation Index ETF takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $54.68 (0.02%) than the resistance at $57.37 (4.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Robo-Stox Global Robotics and Automation Index ETF ETF A Buy?
Robo-Stox Global Robotics and Automation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.131 Hold/Accumulate Unchanged
Predicted Opening Price for Robo-Stox Global Robotics and Automation Index ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $54.60 ( 0.158%) | $54.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROBO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.36 | 1.23 % | |
| R2 | 55.07 | 0.700 % | ||
| R1 | 54.89 | 0.372 % | ||
| Current price: | 54.69 | |||
| Support | S1 | 54.31 | -0.689 % | |
| S2 | 54.13 | -1.02 % | ||
| S3 | 53.84 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.23 | 6.47 % | |
| R2 | 57.41 | 4.97 % | ||
| R1 | 57.37 | 4.90 % | ||
| Current price | 54.69 | |||
| Support | S1 | 54.68 | -0.0183% | |
| S2 | 54.17 | -0.95% | ||
| S3 | 53.75 | -1.72% |
ROBO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.0282 | 0.0491% |
| 2 | Dec 27, 2021 | Dec 28, 2021 | Dec 31, 2021 | $0.123 | 0.175% |
| 3 | Dec 24, 2020 | Dec 28, 2020 | Dec 31, 2020 | $0.119 | 0.195% |
| 4 | Dec 23, 2019 | Dec 24, 2019 | Dec 31, 2019 | $0.156 | 0.371% |
| 5 | Dec 21, 2018 | Dec 24, 2018 | Dec 31, 2018 | $0.121 | 0.372% |
FAQ
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