Hartford Multifactor Developed Markets ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Hartford Multifactor Developed Markets ETF price down 0.710% on Friday
(Updated on Jun 14, 2024)
The Hartford Multifactor Developed Markets ETF price fell by -0.710% on the last day (Friday, 14th Jun 2024) from $28.18 to $27.98. During the last trading day the ETF fluctuated 0.611% from a day low at $27.81 to a day high of $27.98. The price has been going up and down for this period, and there has been a -2.63% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -6 thousand shares and in total, 111 thousand shares were bought and sold for approximately $3.12 million.
The ETF lies in the middle of a narrow and 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 4.22% during the next 3 months and, with a 90% probability hold a price between $28.81 and $30.18 at the end of this 3-month period.
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RODM Signals & Forecast
There are few to no technical positive signals at the moment. The Hartford Multifactor Developed Markets ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $28.43 and $28.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -3.02%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Hartford Multifactor Developed Markets ETF
Hartford Multifactor Developed Markets finds support from accumulated volume at $27.94 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 $0.170 between high and low, or 0.611%. For the last week the ETF has had daily average volatility of 0.756%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RODM) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Hartford Multifactor Developed Markets (ex-US) ETF to open at $27.92, and during the day (based on 14 day Average True Range), to move between $27.71 and $28.25, which gives a possible trading interval of +/-$0.267 (+/-0.95%) up or down from last closing price. If Hartford Multifactor Developed Markets (ex-US) ETF takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.00 (0.07%) than the support at $27.94 (0.16%), 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 Developed Markets (ex-US) ETF ETF A Buy?
The Hartford Multifactor Developed Markets ETF holds several negative signals and despite the positive trend, we believe Hartford Multifactor Developed Markets will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.348 Sell Candidate Unchanged
Predicted Opening Price for Hartford Multifactor Developed Markets (ex-US) ETF of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $27.92 ( 0.203%) | $27.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RODM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.09 | 0.405% |
| R2 | 28.03 | 0.173% |
| R1 | 27.99 | 0.0296% |
| Price | 27.98 | |
| S1 | 27.86 | -0.435% |
| S2 | 27.82 | -0.578% |
| S3 | 27.75 | -0.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.73 | 2.68% |
| R2 | 28.11 | 0.465% |
| R1 | 28.00 | 0.0715% |
| Price | 27.98 | |
| S1 | 27.94 | -0.161% |
| S2 | 27.86 | -0.447% |
| S3 | 27.56 | -1.50% |
RODM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.546 | 2.01% |
| 2 | Jan 26, 2023 | Jun 26, 2023 | Jun 29, 2023 | $0.668 | 2.57% |
| 3 | Dec 21, 2022 | Dec 22, 2022 | Dec 28, 2022 | $0.236 | 0.96% |
| 4 | Jun 24, 2022 | Jun 27, 2022 | Jun 30, 2022 | $0.709 | 2.85% |
| 5 | Jan 13, 2021 | Dec 22, 2021 | Dec 28, 2021 | $0.727 | 2.41% |
FAQ
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