AXS Short Innovation Daily 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
AXS Short Innovation Daily ETF price ended at $29.36 on Monday, after losing 0.272%.
(Updated on May 20, 2024)
The AXS Short Innovation Daily ETF price fell by -0.272% on the last day (Monday, 20th May 2024) from $29.44 to $29.36. During the last trading day the ETF fluctuated 1.45% from a day low at $29.35 to a day high of $29.77. The price has been going up and down for this period, and there has been a 1.91% gain 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 -149 thousand shares and in total, 272 thousand shares were bought and sold for approximately $8.00 million.
Given the current short-term trend, the ETF is expected to rise 15.57% during the next 3 months and, with a 90% probability hold a price between $33.93 and $38.67 at the end of this 3-month period.
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SARK Signals & Forecast
There are few to no technical positive signals at the moment. The AXS Short Innovation Daily 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 $29.86 and $29.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -8.05%. 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. The ETF had a Golden Star Signal on Thursday, March 28, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, March 28, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for AXS Short Innovation Daily ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $27.47 and $26.74. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, AXS Short Innovation Daily finds support just below today's level at $27.47. If this is broken, then the next support from accumulated volume will be at $26.74 and $26.45.
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 $0.425 (1.45%) between high and low. For the last week, the ETF has had daily average volatility of 2.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SARK) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect AXS Short Innovation Daily ETF to open at $29.49, and during the day (based on 14 day Average True Range), to move between $28.49 and $30.23, which gives a possible trading interval of +/-$0.87 (+/-2.97%) up or down from last closing price. If AXS Short Innovation Daily ETF takes out the full calculated possible swing range there will be an estimated 5.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.47 (0.37%) than the support at $27.47 (6.44%), 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 AXS Short Innovation Daily ETF ETF A Buy?
The AXS Short Innovation Daily ETF holds several negative signals and despite the positive trend, we believe AXS Short Innovation Daily will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.246 Sell Candidate Unchanged
Predicted Opening Price for AXS Short Innovation Daily ETF of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $29.49 ( 0.448%) | $29.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SARK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.92 | 1.90 % | |
| R2 | 29.75 | 1.34 % | ||
| R1 | 29.65 | 1.00 % | ||
| Current price: | 29.36 | |||
| Support | S1 | 29.33 | -0.105 % | |
| S2 | 29.23 | -0.446 % | ||
| S3 | 29.07 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.75 | 4.73 % | |
| R2 | 30.59 | 4.19 % | ||
| R1 | 29.47 | 0.375 % | ||
| Current price | 29.36 | |||
| Support | S1 | 27.47 | -6.44% | |
| S2 | 26.74 | -8.92% | ||
| S3 | 26.45 | -9.91% |
SARK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Dec 26, 2023 | Dec 29, 2023 | $3.26 | 12.57% |
| 2 | Dec 23, 2022 | Dec 27, 2022 | Dec 29, 2022 | $13.75 | 25.12% |
FAQ
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