SoFi 50 ETF Forecast
Green day on Tuesday for SoFi 50
(Updated on Jun 25, 2024)
The SoFi 50 ETF price gained 1.70% on the last trading day (Tuesday, 25th Jun 2024), rising from $34.13 to $34.71. During the last trading day the ETF fluctuated 1.61% from a day low at $34.16 to a day high of $34.71. The price has been going up and down for this period, and there has been a 1.94% gain for the last 2 weeks. Volume fell on the last day by -952 shares and in total, 2 thousand shares were bought and sold for approximately $79.00 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 upper part of a wide and strong 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 $35.16 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 11.06% during the next 3 months and, with a 90% probability hold a price between $35.25 and $39.05 at the end of this 3-month period.
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SFYF Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -0.487%. 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 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 SoFi 50 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 $34.59 and $33.26. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for SoFi 50 ETF
SoFi 50 finds support from accumulated volume at $34.13 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 $0.550 between high and low, or 1.61%. For the last week the ETF has had daily average volatility of 1.02%.
Our recommended stop-loss: $33.52 (-3.42%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (SFYF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SoFi 50 ETF to open at $34.53, and during the day (based on 14 day Average True Range), to move between $34.23 and $35.19, which gives a possible trading interval of +/-$0.478 (+/-1.38%) up or down from last closing price. If SoFi 50 ETF takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.73 (0.05%) than the support at $34.13 (1.67%), 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 SoFi 50 ETF 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 SoFi 50 ETF to perform well in the short-term.
Current score: 2.309 Buy Candidate Unchanged
Predicted Opening Price for SoFi 50 ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $34.53 ( 0.528%) | $34.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SFYF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.08 | 1.06% |
| R2 | 34.87 | 0.451% |
| R1 | 34.74 | 0.0771% |
| Price | 34.71 | |
| S1 | 34.32 | -1.13% |
| S2 | 34.19 | -1.51% |
| S3 | 33.98 | -2.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.88 | 0.490% |
| R2 | 34.80 | 0.259% |
| R1 | 34.73 | 0.0470% |
| Price | 34.71 | |
| S1 | 34.13 | -1.67% |
| S2 | 34.05 | -1.90% |
| S3 | 32.71 | -5.76% |
SFYF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.182 | 0.608% |
| 2 | Jan 25, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.328 | 1.19% |
| 3 | Dec 23, 2022 | Dec 27, 2022 | Dec 30, 2022 | $0.161 | 0.83% |
| 4 | Jun 24, 2022 | Jun 27, 2022 | Jun 30, 2022 | $0.0700 | 0.306% |
| 5 | Mar 16, 2021 | Dec 29, 2021 | Dec 31, 2021 | $0.0450 | 0.120% |
FAQ
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