Strive U.s. Semiconductor Etf ETF Forecast
Strive U.s. Semiconductor Etf ETF price ended at $50.52 on Friday, after gaining 0.417%.
(Updated on Jun 28, 2024)
The Strive U.s. Semiconductor Etf ETF price gained 0.417% on the last trading day (Friday, 28th Jun 2024), rising from $50.31 to $50.52. During the last trading day the ETF fluctuated 2.12% from a day low at $50.52 to a day high of $51.59. The price has fallen in 6 of the last 10 days and is down by -2.83% for this period. Volume fell on the last day by -35 thousand shares and in total, 22 thousand shares were bought and sold for approximately $1.10 million. 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $50.41 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 8.72% during the next 3 months and, with a 90% probability hold a price between $54.81 and $59.48 at the end of this 3-month period.
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SHOC Signals & Forecast
The Strive U.s. Semiconductor Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $50.83. On a fall, the ETF will find some support from the long-term average at approximately $49.96. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -5.45%. 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 Strive U.s. Semiconductor Etf ETF
Strive U.s. Semiconductor Etf finds support from accumulated volume at $50.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $1.07 between high and low, or 2.12%. For the last week the ETF has had daily average volatility of 2.05%.
Our recommended stop-loss: $48.75 (-3.51%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (SHOC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Strive U.s. Semiconductor Etf to open at $50.88, and during the day (based on 14 day Average True Range), to move between $49.36 and $51.68, which gives a possible trading interval of +/-$1.16 (+/-2.29%) up or down from last closing price. If Strive U.s. Semiconductor Etf takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.31 (0.42%) than the resistance at $50.92 (0.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Strive U.s. Semiconductor 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 Strive U.s. Semiconductor Etf ETF to perform well in the short-term.
Current score: 1.987 Buy Candidate Unchanged
Predicted Opening Price for Strive U.s. Semiconductor Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$50.88 ( 0.706%) | $50.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHOC
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 51.95 | 2.82% |
R2 | 51.54 | 2.01% |
R1 | 51.29 | 1.52% |
Price | 50.52 | |
S1 | 50.47 | -0.103% |
S2 | 50.22 | -0.603% |
S3 | 49.81 | -1.41% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 53.43 | 5.76% |
R2 | 52.30 | 3.52% |
R1 | 50.92 | 0.792% |
Price | 50.52 | |
S1 | 50.31 | -0.416% |
S2 | 48.27 | -4.45% |
S3 | 47.37 | -6.24% |
SHOC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 07, 2024 | Mar 26, 2024 | Mar 28, 2024 | $0.0607 | 0.136% |
2 | Dec 19, 2023 | Dec 20, 2023 | Dec 22, 2023 | $0.0687 | 0.176% |
3 | Sep 26, 2023 | Sep 27, 2023 | Sep 29, 2023 | $0.0595 | 0.183% |
4 | Jun 27, 2023 | Jun 28, 2023 | Jun 30, 2023 | $0.0598 | 0.172% |
5 | Mar 28, 2023 | Mar 29, 2023 | Mar 31, 2023 | $0.0674 | 0.220% |
FAQ
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