Crossingbridge Pre-merger Spac Etf ETF Forecast
Stronger technical forecast for Crossingbridge Pre-merger Spac Etf ETF price after Thursday trading.
(Updated on Jun 20, 2024)
The Crossingbridge Pre-merger Spac Etf ETF price gained 0.324% on the last trading day (Thursday, 20th Jun 2024), rising from $21.58 to $21.65. During the last trading day the ETF fluctuated 0.303% from a day low at $21.58 to a day high of $21.65. The price has been going up and down for this period, and there has been a 0.16% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 7 thousand shares were bought and sold for approximately $161.29 thousand. 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 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 Crossingbridge Pre-merger Spac Etf ETF with a 90% probability to be traded between $21.84 and $21.94 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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SPC Signals & Forecast
The Crossingbridge Pre-merger Spac Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.61 and $21.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.324%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Crossingbridge Pre-merger Spac Etf ETF
Crossingbridge Pre-merger Spac Etf finds support from accumulated volume at $21.58 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0655 between high and low, or 0.303%. For the last week the ETF has had daily average volatility of 0.162%
Our recommended stop-loss: $20.22 (-6.62%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (SPC) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Crossingbridge Pre-merger Spac Etf to open at $21.63, and during the day (based on 14 day Average True Range), to move between $21.61 and $21.69, which gives a possible trading interval of +/-$0.0354 (+/-0.16%) up or down from last closing price. If Crossingbridge Pre-merger Spac Etf takes out the full calculated possible swing range there will be an estimated 0.33% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $21.58, some $0.0700 (0.32%) from the current price of $21.65, our system finds the risk reward attractive.
Is Crossingbridge Pre-merger Spac Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Crossingbridge Pre-merger Spac Etf ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.213 Buy Candidate Upgraded
Predicted Opening Price for Crossingbridge Pre-merger Spac Etf of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $21.63 ( 0.101%) | $21.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.69 | 0.202% |
| R2 | 21.67 | 0.0861% |
| R1 | 21.65 | 0.0147% |
| Price | 21.65 | |
| S1 | 21.60 | -0.216% |
| S2 | 21.59 | -0.288% |
| S3 | 21.56 | -0.403% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 21.65 | |
| S1 | 21.58 | -0.323% |
| S2 | 21.52 | -0.600% |
| S3 | 21.40 | -1.15% |
SPC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 26, 2023 | Dec 28, 2023 | $0.765 | 3.62% |
| 2 | Dec 28, 2022 | Dec 29, 2022 | Jan 03, 2023 | $0.215 | 1.04% |
| 3 | Sep 28, 2022 | Sep 29, 2022 | Oct 03, 2022 | $0.0203 | 0.0986% |
FAQ
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