Simplify Exchange Traded Funds - ETF Forecast
Simplify Exchange Traded Funds - ETF upgraded to Buy Candidate.
(Updated on Jun 17, 2024)
The Simplify Exchange Traded Funds - ETF price gained 0.522% on the last trading day (Monday, 17th Jun 2024), rising from $40.26 to $40.47. During the last trading day the ETF fluctuated 0.85% from a day low at $40.13 to a day high of $40.47. The price has risen in 9 of the last 10 days and is up by 7.15% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $403.97 thousand.
The ETF lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $40.54 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 3.13% during the next 3 months and, with a 90% probability hold a price between $37.30 and $41.81 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SPUC Signals & Forecast
The Simplify Exchange Traded Funds - 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 $39.80 and $38.08. 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). Simplify Exchange Traded Funds - 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 Thursday, June 13, 2024, and so far it has fallen -0.0871%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Simplify Exchange Traded Funds - ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $38.38 and $36.51. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Simplify Exchange Traded Funds - finds support just below today's level at $38.38. If this is broken, then the next support from accumulated volume will be at $36.51 and $36.24.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.340 (0.85%) between high and low. For the last week, the ETF has had daily average volatility of 1.21%.
Our recommended stop-loss: $39.02 (-3.57%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (SPUC) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Simplify Exchange Traded Funds - Simplify US Equity PLUS Upside Convexity ETF to open at $40.36, and during the day (based on 14 day Average True Range), to move between $39.91 and $41.03, which gives a possible trading interval of +/-$0.560 (+/-1.38%) up or down from last closing price. If Simplify Exchange Traded Funds - Simplify US Equity PLUS Upside Convexity ETF takes out the full calculated possible swing range there will be an estimated 2.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.51 (0.09%) than the support at $38.38 (5.16%), 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 Upside 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.372 Buy Candidate Upgraded
Predicted Opening Price for Simplify Exchange Traded Funds - Simplify US Equity PLUS Upside Convexity ETF of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $40.36 ( 0.280%) | $40.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPUC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.70 | 0.560% |
| R2 | 40.57 | 0.239% |
| R1 | 40.49 | 0.0409% |
| Price | 40.47 | |
| S1 | 40.23 | -0.601% |
| S2 | 40.15 | -0.799% |
| S3 | 40.02 | -1.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 40.51 | 0.0872% |
| Price | 40.47 | |
| S1 | 38.38 | -5.16% |
| S2 | 36.51 | -9.79% |
| S3 | 36.24 | -10.45% |
SPUC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Mar 25, 2024 | Mar 28, 2024 | $0.100 | 0.255% |
| 2 | Dec 26, 2023 | Dec 26, 2023 | Dec 26, 2023 | $0.150 | 0.453% |
| 3 | Mar 10, 2023 | Sep 27, 2023 | Sep 29, 2023 | $0.100 | 0.343% |
| 4 | Mar 10, 2023 | Jun 27, 2023 | Jul 03, 2023 | $0.190 | 0.619% |
| 5 | Dec 26, 2022 | Dec 27, 2022 | Dec 30, 2022 | $0.154 | 0.587% |
FAQ
Click here for our free guide on how to buy Simplify Exchange Traded Funds - Simplify US Equity PLUS Upside Convexity ETF ETF.
