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
Red day on Tuesday for Hartford Multifactor Developed Markets ETF after losing 0.0707%
(Updated on Jun 25, 2024)
The Hartford Multifactor Developed Markets ETF price fell by -0.0707% on the last day (Tuesday, 25th Jun 2024) from $28.29 to $28.27. During the last trading day the ETF fluctuated 0.354% from a day low at $28.18 to a day high of $28.28. The price has fallen in 6 of the last 10 days and is down by -1.17% for this period. 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 -184 thousand shares and in total, 71 thousand shares were bought and sold for approximately $2.00 million.
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 4.10% during the next 3 months and, with a 90% probability hold a price between $28.92 and $30.43 at the end of this 3-month period.
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RODM Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.09%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hartford Multifactor Developed Markets 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 $28.43. On a fall, the ETF will find some support from the short-term average at $28.12. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -2.18% to $27.65 within 15 trading days since signal was issued (Friday, June 28, 2024).
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 $0.0998 between high and low, or 0.354%. For the last week the ETF has had daily average volatility of 0.376%.
Our recommended stop-loss: $26.55 (-6.07%) (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 (RODM) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Hartford Multifactor Developed Markets (ex-US) ETF to open at $28.24, and during the day (based on 14 day Average True Range), to move between $28.03 and $28.50, which gives a possible trading interval of +/-$0.239 (+/-0.85%) 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 1.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.29 (0.07%) than the support at $27.94 (1.17%), 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?
Hartford Multifactor Developed Markets 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: -0.045 Hold/Accumulate Unchanged
Predicted Opening Price for Hartford Multifactor Developed Markets (ex-US) ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $28.24 ( 0.0830%) | $28.27 |
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 | 28.34 | 0.270% |
| R2 | 28.30 | 0.135% |
| R1 | 28.28 | 0.0519% |
| Price | 28.27 | |
| S1 | 28.20 | -0.218% |
| S2 | 28.18 | -0.301% |
| S3 | 28.14 | -0.436% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.82 | 1.96% |
| R2 | 28.73 | 1.65% |
| R1 | 28.29 | 0.0708% |
| Price | 28.27 | |
| S1 | 27.94 | -1.17% |
| S2 | 27.86 | -1.45% |
| S3 | 27.56 | -2.49% |
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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