Zacks Trust ETF Forecast
Green day on Friday for Zacks Trust ETF after gaining 0.131%
(Updated on Jun 28, 2024)
The Zacks Trust ETF price gained 0.131% on the last trading day (Friday, 28th Jun 2024), rising from $30.45 to $30.49. During the last trading day the ETF fluctuated 0.92% from a day low at $30.39 to a day high of $30.67. The price has been going up and down for this period, and there has been a -0.3% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $463.30 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Zacks Trust ETF with a 90% probability to be traded between $29.93 and $30.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SMIZ Signals & Forecast
The Zacks Trust ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $30.42 and $30.45. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Zacks Trust 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. Higher liquidity also reduces the general risk. 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 -0.294%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Monday, June 10, 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.
Golden Star
The ETF had a Golden Star Signal on Monday, June 10, 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 Zacks Trust ETF
Zacks Trust finds support from accumulated volume at $30.45 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 $0.280 between high and low, or 0.92%. For the last week the ETF has had daily average volatility of 0.634%.
Our recommended stop-loss: $29.29 (-3.94%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (SMIZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Zacks Trust to open at $30.52, and during the day (based on 14 day Average True Range), to move between $30.20 and $30.78, which gives a possible trading interval of +/-$0.286 (+/-0.94%) up or down from last closing price. If Zacks Trust takes out the full calculated possible swing range there will be an estimated 1.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.45 (0.13%) than the resistance at $30.58 (0.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zacks Trust ETF A Buy?
Zacks Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.147 Hold/Accumulate Unchanged
Predicted Opening Price for Zacks Trust of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$30.52 ( 0.0874%) | $30.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMIZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 30.80 | 1.01% |
R2 | 30.69 | 0.655% |
R1 | 30.62 | 0.438% |
Price | 30.49 | |
S1 | 30.41 | -0.263% |
S2 | 30.34 | -0.480% |
S3 | 30.24 | -0.83% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 30.71 | 0.722% |
R2 | 30.60 | 0.361% |
R1 | 30.58 | 0.304% |
Price | 30.49 | |
S1 | 30.45 | -0.131% |
S2 | 30.36 | -0.426% |
S3 | 30.28 | -0.689% |
SMIZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 22, 2023 | Dec 22, 2023 | Dec 28, 2023 | $0.0202 | 0.0700% |
FAQ
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