ATAC US Rotation ETF Forecast
ATAC US Rotation ETF price ended at $17.18 on Friday, after losing 0.174%.
(Updated on Apr 19, 2024)
The ATAC US Rotation ETF price fell by -0.174% on the last day (Friday, 19th Apr 2024) from $17.21 to $17.18. During the last trading day the ETF fluctuated 0.291% from a day low at $17.17 to a day high of $17.22. The price has fallen in 6 of the last 10 days and is down by -3.43% for this period. Volume has increased on the last day by 851 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, 1 thousand shares were bought and sold for approximately $20.17 thousand.
The ETF is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $17.06 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ATAC US Rotation ETF with a 90% probability to be traded between $17.19 and $18.93 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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RORO Signals & Forecast
The ATAC US Rotation ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $17.23 and $17.94. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). ATAC US Rotation 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.763%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for ATAC US Rotation ETF
ATAC US Rotation finds support from accumulated volume at $17.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.0500 (0.291%) between high and low. For the last week, the ETF has had daily average volatility of 0.252%.
Our recommended stop-loss: $16.29 (-5.20%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (RORO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect ATAC US Rotation ETF to open at $17.19, and during the day (based on 14 day Average True Range), to move between $17.02 and $17.34, which gives a possible trading interval of +/-$0.161 (+/-0.94%) up or down from last closing price. If ATAC US Rotation ETF takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.12 (0.38%) than the resistance at $17.92 (4.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ATAC US Rotation ETF ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.206 Buy Candidate Unchanged
Predicted Opening Price for ATAC US Rotation ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $17.19 ( 0.0578%) | $17.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RORO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.24 | 0.349 % | |
| R2 | 17.22 | 0.238 % | ||
| R1 | 17.21 | 0.169 % | ||
| Current price: | 17.18 | |||
| Support | S1 | 17.17 | -0.0534 % | |
| S2 | 17.16 | -0.122 % | ||
| S3 | 17.14 | -0.233 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.30 | 6.52 % | |
| R2 | 18.22 | 6.05 % | ||
| R1 | 17.92 | 4.31 % | ||
| Current price | 17.18 | |||
| Support | S1 | 17.12 | -0.379% | |
| S2 | 17.07 | -0.640% | ||
| S3 | 17.05 | -0.757% |
RORO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.229 | 1.29% |
| 2 | Jan 25, 2023 | Sep 26, 2023 | Sep 29, 2023 | $0.0070 | 0.0458% |
| 3 | Jan 25, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.105 | 0.623% |
| 4 | Jan 25, 2023 | Mar 28, 2023 | Mar 31, 2023 | $0.0330 | 0.194% |
| 5 | Dec 22, 2022 | Dec 23, 2022 | Dec 28, 2022 | $0.245 | 1.80% |
FAQ
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