Global X SuperDividend ETF Forecast
Green day on Thursday for Global X SuperDividend ETF after gaining 0.464%
(Updated on Mar 28, 2024)
The Global X SuperDividend ETF price gained 0.464% on the last trading day (Thursday, 28th Mar 2024), rising from $21.55 to $21.65. During the last trading day the ETF fluctuated 0.510% from a day low at $21.54 to a day high of $21.65. The price has risen in 7 of the last 10 days and is up by 1.88% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 81 thousand more shares were traded than the day before. In total, 271 thousand shares were bought and sold for approximately $5.86 million.
The ETFhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $21.61, a level that may pose a second chance to hit a runner. According to fan-theory $23.27 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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SDIV Signals & Forecast
The Global X SuperDividend ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.50 and $21.23. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.230%. 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).
Support, Risk & Stop-loss for Global X SuperDividend ETF
Global X SuperDividend finds support from accumulated volume at $21.48 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 $0.110 between high and low, or 0.510%. For the last week the ETF has had daily average volatility of 0.99%.
Our recommended stop-loss: $20.79 (-3.99%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (SDIV) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Global X SuperDividend ETF to open at $21.61, and during the day (based on 14 day Average True Range), to move between $21.42 and $21.88, which gives a possible trading interval of +/-$0.231 (+/-1.07%) up or down from last closing price. If Global X SuperDividend ETF takes out the full calculated possible swing range there will be an estimated 2.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.48 (0.79%) than the resistance at $22.24 (2.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Global X SuperDividend ETF ETF A Buy?
Global X SuperDividend 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: 0.507 Hold/Accumulate Unchanged
Predicted Opening Price for Global X SuperDividend ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$21.61 ( 0.169%) | $21.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SDIV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.72 | 0.338 % | |
R2 | 21.68 | 0.145 % | ||
R1 | 21.66 | 0.0247 % | ||
Current price: | 21.65 | |||
Support | S1 | 21.57 | -0.363 % | |
S2 | 21.55 | -0.483 % | ||
S3 | 21.50 | -0.677 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.55 | 4.16 % | |
R2 | 22.48 | 3.83 % | ||
R1 | 22.24 | 2.73 % | ||
Current price | 21.65 | |||
Support | S1 | 21.48 | -0.785% | |
S2 | 21.42 | -1.06% | ||
S3 | 20.99 | -3.05% |
SDIV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Mar 05, 2024 | Mar 13, 2024 | $0.210 | 0.98% |
2 | Dec 28, 2023 | Feb 05, 2024 | Feb 13, 2024 | $0.210 | 1.02% |
3 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.210 | 0.93% |
4 | Dec 05, 2023 | Dec 05, 2023 | Dec 05, 2023 | $0.210 | 0.97% |
5 | Jan 11, 2023 | Nov 03, 2023 | Nov 13, 2023 | $0.210 | 1.01% |
FAQ
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