Aam Bahl & Gaynor Small/mid Cap Income ETF Forecast

Evaluation of Aam Bahl & Gaynor Small/mid Cap Income ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)

SMIG Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.04%. 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 Aam Bahl & Gaynor Small/mid Cap Income 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 $26.38 and $26.53. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the short-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 Aam Bahl & Gaynor Small/mid Cap Income ETF

Aam Bahl & Gaynor Small/mid Cap Income finds support from accumulated volume at $26.20 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 $0.300 between high and low, or 1.15%. For the last week the ETF has had daily average volatility of 0.85%.

Our recommended stop-loss: $24.97 (-4.84%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Aam Bahl & Gaynor Small/mid Cap Income Growth Etf to open at $26.31, and during the day (based on 14 day Average True Range), to move between $25.98 and $26.50, which gives a possible trading interval of +/-$0.261 (+/-0.99%) up or down from last closing price. If Aam Bahl & Gaynor Small/mid Cap Income Growth Etf takes out the full calculated possible swing range there will be an estimated 1.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.20 (0.15%) than the resistance at $26.28 (0.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aam Bahl & Gaynor Small/mid Cap Income Growth Etf ETF A Buy?

Aam Bahl & Gaynor Small/mid Cap Income 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.459 Hold/Accumulate Downgraded

Predicted Opening Price for Aam Bahl & Gaynor Small/mid Cap Income Growth Etf of Monday, July 1, 2024

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