Themes Us Small Cap Cash Flow Champions ETF Forecast

Themes Us Small Cap Cash Flow Champions ETF downgraded to Sell Candidate
(Updated on Jun 28, 2024)

SMCF Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.71%. 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). Themes Us Small Cap Cash Flow Champions has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $28.92. On a fall, the ETF will find some support from the short-term average at $28.41. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

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 $28.41 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 $0.0397 between high and low, or 0.139%. For the last week the ETF has had daily average volatility of 0.638%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SMCF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Themes Us Small Cap Cash Flow Champions Etf to open at $28.47, and during the day (based on 14 day Average True Range), to move between $28.17 and $28.75, which gives a possible trading interval of +/-$0.286 (+/-1.00%) 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 2.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $28.41 (0.17%) than the resistance at $29.09 (2.22%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.499 Sell Candidate Downgraded

Predicted Opening Price for Themes Us Small Cap Cash Flow Champions Etf of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.