Aim Etf Products Trust Allianzi ETF Forecast
Red day on Friday for Aim Etf Products Trust Allianzi
(Updated on Jun 28, 2024)
The Aim Etf Products Trust Allianzi ETF price fell by -0.0437% on the last day (Friday, 28th Jun 2024) from $29.07 to $29.06. During the last trading day the ETF fluctuated 0.261% from a day low at $29.04 to a day high of $29.12. The price has risen in 6 of the last 10 days and is up by 1.17% over the past 2 weeks. Volume has increased on the last day by 8 thousand 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, 9 thousand shares were bought and sold for approximately $250.18 thousand.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $29.11 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 5.78% during the next 3 months and, with a 90% probability hold a price between $30.02 and $30.79 at the end of this 3-month period.
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SEPT Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.0437%. 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). Aim Etf Products Trust Allianzi 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 Aim Etf Products Trust Allianzi 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 $29.02 and $28.32. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Aim Etf Products Trust Allianzi ETF
Aim Etf Products Trust Allianzi finds support from accumulated volume at $28.50 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 $0.0757 between high and low, or 0.261%. For the last week the ETF has had daily average volatility of 0.0660%.
Our recommended stop-loss: $28.32 (-2.55%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (SEPT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Aim Etf Products Trust Allianzi to open at $29.07, and during the day (based on 14 day Average True Range), to move between $28.97 and $29.15, which gives a possible trading interval of +/-$0.0877 (+/-0.30%) up or down from last closing price. If Aim Etf Products Trust Allianzi takes out the full calculated possible swing range there will be an estimated 0.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.07 (0.04%) than the support at $28.50 (1.92%), 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 Aim Etf Products Trust Allianzi ETF A Buy?
Aim Etf Products Trust Allianzi 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: 0.348 Hold/Accumulate Unchanged
Predicted Opening Price for Aim Etf Products Trust Allianzi of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $29.07 ( 0.0469%) | $29.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEPT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.15 | 0.307% |
| R2 | 29.12 | 0.208% |
| R1 | 29.10 | 0.146% |
| Price | 29.06 | |
| S1 | 29.04 | -0.0526% |
| S2 | 29.02 | -0.114% |
| S3 | 29.00 | -0.214% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 29.07 | 0.0437% |
| Price | 29.06 | |
| S1 | 28.50 | -1.92% |
| S2 | 28.06 | -3.43% |
| S3 | 27.79 | -4.36% |
FAQ
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