Simplify Exchange Traded Funds - ETF Forecast

$31.09
-0.300 (-0.96%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SPD
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Simplify Exchange Traded Funds - ETF price ended at $31.09 on Thursday, after losing 0.96%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Nov 22, 2023 Gain 12.52% PDF

The Simplify Exchange Traded Funds - ETF price fell by -0.96% on the last day (Thursday, 28th Mar 2024) from $31.39 to $31.09. During the last trading day the ETF fluctuated 1.16% from a day low at $31.09 to a day high of $31.45. The price has been going up and down for this period, and there has been a 0.42% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -12 thousand shares and in total, 12 thousand shares were bought and sold for approximately $381.47 thousand.

The ETF lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $31.07 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 10.70% during the next 3 months and, with a 90% probability hold a price between $34.40 and $35.13 at the end of this 3-month period.

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SPD Signals & Forecast

The Simplify Exchange Traded Funds - ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $31.29. On a fall, the ETF will find some support from the long-term average at approximately $30.69. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, March 21, 2024, and so far it has fallen -1.24%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Simplify Exchange Traded Funds - ETF

Simplify Exchange Traded Funds - finds support from accumulated volume at $30.83 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 $0.360 between high and low, or 1.16%. For the last week the ETF has had daily average volatility of 0.571%

Our recommended stop-loss: $29.78 (-4.21%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF to open at $31.21, and during the day (based on 14 day Average True Range), to move between $30.84 and $31.34, which gives a possible trading interval of +/-$0.246 (+/-0.79%) up or down from last closing price. If Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $31.35 (0.84%) than the support at $30.83 (0.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Simplify Exchange Traded Funds - ETF to perform well in the short-term.

Current score: 1.613 Buy Candidate Unchanged

Predicted Opening Price for Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$31.21 ( 0.386%) $31.09

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

Trading levels for SPD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 31.57 1.54 %
R2 31.43 1.10 %
R1 31.35 0.83 %
Current price: 31.09
Support S1 31.07 -0.0564 %
S2 30.99 -0.330 %
S3 30.85 -0.772 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 31.48 1.25 %
R2 31.40 1.00 %
R1 31.35 0.84 %
Current price 31.09
Support S1 30.83 -0.84%
S2 30.23 -2.77%
S3 28.63 -7.91%

SPD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 12, 2024 Mar 25, 2024 Mar 28, 2024 $0.100 0.318%
2 Dec 26, 2023 Dec 26, 2023 Dec 26, 2023 $0.158 0.549%
3 Mar 10, 2023 Sep 27, 2023 Sep 29, 2023 $0.100 0.381%
4 Mar 10, 2023 Jun 27, 2023 Jul 03, 2023 $0.210 0.767%
5 Mar 10, 2023 Mar 27, 2023 Mar 31, 2023 $0.0800 0.313%

FAQ

What is the symbol for Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF ETF and on which exchange is it traded?
The symbol for Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF is SPD and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Simplify Exchange Traded Funds - ETF to perform well in the short-term.

How to buy Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF ETF?
Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF ETF.

What's the current price of Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF ETF?
As of the end of day on the 2024-03-28, the price of an Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF (SPD) share was $31.09.

What is the 52-week high and low for Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF ETF?
The 52-week high for Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF ETF is $31.55 and the 52-week low is $24.98.

What is the market capitalization of Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF ETF?
As of the 2024-03-28, the market capitalization of Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF is 86.288M.
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About Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF

The investment seeks to provide capital appreciation. The adviser seeks to achieve the fund's investment objective by investing primarily in equity securities of U.S. companies and applying a downside convexity option overlay strategy to the equity investments. Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies, primarily by purchasing exc... SPD Profile

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