Aim Etf Products Trust Allianzi ETF Forecast
Stronger technical forecast for Aim Etf Products Trust Allianzi ETF price after Thursday trading.
(Updated on Jun 27, 2024)
The Aim Etf Products Trust Allianzi ETF price gained 0.0792% on the last trading day (Thursday, 27th Jun 2024), rising from $27.78 to $27.80. During the last trading day the ETF fluctuated 0.143% from a day low at $27.79 to a day high of $27.83. The price has risen in 6 of the last 10 days and is up by 0.53% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately $65.50 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 lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.48% during the next 3 months and, with a 90% probability hold a price between $28.36 and $29.12 at the end of this 3-month period.
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SEPW Signals & Forecast
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 $27.77 and $27.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.04%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, October 09, 2023 in the long-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 12 Months
The ETF had a Golden Star Signal on Monday, October 09, 2023 in the long-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 Aim Etf Products Trust Allianzi ETF
Aim Etf Products Trust Allianzi finds support from accumulated volume at $27.45 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 therefore the general risk is considered very 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 $0.0398 between high and low, or 0.143%. For the last week the ETF has had daily average volatility of 0.0541%
The Aim Etf Products Trust Allianzi ETF is extremely overbought on RSI14 (96). This increases the short-term risk substantially.
Our recommended stop-loss: $27.08 (-2.58%) (This ETF has low daily movements and this gives low risk. The RSI14 is 96 and this increases the risk substantially. There is a buy signal from a pivot bottom found 50 days ago.)
Trading Expectations (SEPW) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Aim Etf Products Trust Allianzi to open at $27.81, and during the day (based on 14 day Average True Range), to move between $27.75 and $27.85, which gives a possible trading interval of +/-$0.0497 (+/-0.18%) 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 0.36% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $27.45, some $0.348 (1.25%) from the current price of $27.80, our system finds the risk reward attractive.
Is Aim Etf Products Trust Allianzi ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aim Etf Products Trust Allianzi ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.777 Buy Candidate Upgraded
Predicted Opening Price for Aim Etf Products Trust Allianzi of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $27.81 ( 0.0240%) | $27.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEPW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.85 | 0.167% |
| R2 | 27.83 | 0.112% |
| R1 | 27.82 | 0.0787% |
| Price | 27.80 | |
| S1 | 27.79 | -0.0307% |
| S2 | 27.78 | -0.0645% |
| S3 | 27.77 | -0.119% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 27.80 | |
| S1 | 27.45 | -1.25% |
| S2 | 27.19 | -2.19% |
| S3 | 27.17 | -2.27% |
FAQ
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