Themes Us Small Cap Cash Flow Champions ETF Forecast
Themes Us Small Cap Cash Flow Champions ETF upgraded to Hold/Accumulate.
(Updated on Jun 27, 2024)
The Themes Us Small Cap Cash Flow Champions ETF price fell by -0.0657% on the last day (Thursday, 27th Jun 2024) from $28.31 to $28.29. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.566% from a day low at $28.29 to a day high of $28.45. The price has fallen in 7 of the last 10 days and is down by -1.47% for this period. Volume has increased on the last day by 70 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, 173 shares were bought and sold for approximately $4.89 thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.08% during the next 3 months and, with a 90% probability hold a price between $26.64 and $28.45 at the end of this 3-month period.
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SMCF Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.11%. Further rise is indicated until a new top pivot has been found. 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. The Themes Us Small Cap Cash Flow Champions ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.41 and $28.94. A break-up above any of these levels will issue buy signals. Themes Us Small Cap Cash Flow Champions 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Themes Us Small Cap Cash Flow Champions ETF
Themes Us Small Cap Cash Flow Champions finds support from accumulated volume at $28.27 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 $0.160 between high and low, or 0.566%. For the last week the ETF has had daily average volatility of 0.659%.
Our recommended stop-loss: $26.90 (-4.92%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (SMCF) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Themes Us Small Cap Cash Flow Champions Etf to open at $28.34, and during the day (based on 14 day Average True Range), to move between $28.00 and $28.58, which gives a possible trading interval of +/-$0.291 (+/-1.03%) up or down from last closing price. If Themes Us Small Cap Cash Flow Champions Etf takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.27 (0.07%) than the resistance at $29.09 (2.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Themes Us Small Cap Cash Flow Champions Etf ETF A Buy?
Themes Us Small Cap Cash Flow Champions holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.973 Hold/Accumulate Upgraded
Predicted Opening Price for Themes Us Small Cap Cash Flow Champions Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $28.34 ( 0.189%) | $28.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMCF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.50 | 0.754% |
| R2 | 28.44 | 0.538% |
| R1 | 28.40 | 0.405% |
| Price | 28.29 | |
| S1 | 28.28 | -0.0275% |
| S2 | 28.24 | -0.161% |
| S3 | 28.18 | -0.377% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.59 | 4.59% |
| R2 | 29.28 | 3.50% |
| R1 | 29.09 | 2.84% |
| Price | 28.29 | |
| S1 | 28.27 | -0.0707% |
| S2 | 28.21 | -0.285% |
| S3 | 27.98 | -1.09% |
FAQ
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