ALPS MEDICAL BREAKTHROUGHS ALPS MEDICAL ETF Forecast
Green day on Friday for ALPS MEDICAL BREAKTHROUGHS ALPS MEDICAL
(Updated on Jun 21, 2024)
The ALPS MEDICAL BREAKTHROUGHS ALPS MEDICAL ETF price gained 2.20% on the last trading day (Friday, 21st Jun 2024), rising from $32.60 to $33.31. During the last trading day the ETF fluctuated 1.65% from a day low at $32.78 to a day high of $33.32. The price has fallen in 7 of the last 10 days and is down by -1.96% for this period. Volume fell on the last day by -1 thousand shares and in total, 5 thousand shares were bought and sold for approximately $167.79 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 ALPS MEDICAL BREAKTHROUGHS ALPS MEDICAL ETF with a 90% probability to be traded between $30.64 and $34.04 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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SBIO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ALPS MEDICAL BREAKTHROUGHS ALPS MEDICAL 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 $33.46 and $33.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -3.75%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for ALPS MEDICAL BREAKTHROUGHS ALPS MEDICAL ETF
ALPS MEDICAL BREAKTHROUGHS ALPS MEDICAL finds support from accumulated volume at $33.03 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved $0.542 between high and low, or 1.65%. For the last week the ETF has had daily average volatility of 1.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SBIO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect ALPS MEDICAL BREAKTHROUGHS ETF ALPS MEDICAL BREAKTHROUGHS ETF to open at $33.14, and during the day (based on 14 day Average True Range), to move between $32.66 and $33.96, which gives a possible trading interval of +/-$0.650 (+/-1.95%) up or down from last closing price. If ALPS MEDICAL BREAKTHROUGHS ETF ALPS MEDICAL BREAKTHROUGHS ETF takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.03 (0.85%) than the resistance at $33.62 (0.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ALPS MEDICAL BREAKTHROUGHS ETF ALPS MEDICAL BREAKTHROUGHS ETF ETF A Buy?
ALPS MEDICAL BREAKTHROUGHS ALPS MEDICAL holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.028 Sell Candidate Unchanged
Predicted Opening Price for ALPS MEDICAL BREAKTHROUGHS ETF ALPS MEDICAL BREAKTHROUGHS ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $33.14 ( 0.522%) | $33.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBIO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.68 | 1.10% |
| R2 | 33.47 | 0.483% |
| R1 | 33.34 | 0.0996% |
| Price | 33.31 | |
| S1 | 32.93 | -1.14% |
| S2 | 32.80 | -1.53% |
| S3 | 32.60 | -2.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.36 | 3.16% |
| R2 | 34.26 | 2.85% |
| R1 | 33.62 | 0.92% |
| Price | 33.31 | |
| S1 | 33.03 | -0.85% |
| S2 | 31.85 | -4.38% |
| S3 | 31.48 | -5.50% |
SBIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.0710 | 0.230% |
| 2 | Jan 04, 2019 | Dec 19, 2019 | Dec 27, 2019 | $0.0160 | 0.0374% |
| 3 | Dec 19, 2018 | Dec 20, 2018 | Dec 27, 2018 | $0.784 | 2.86% |
| 4 | Dec 20, 2017 | Dec 21, 2017 | Dec 28, 2017 | $0.579 | 1.75% |
FAQ
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