Simplify Exchange Traded Funds - ETF Forecast

$35.03
+0.223 (+0.641%)
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.
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Simplify Exchange Traded Funds - ETF price ended at $35.03 on Thursday, after gaining 0.641%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Nov 30, 2023 Gain 19.08% PDF

The Simplify Exchange Traded Funds - ETF price gained 0.641% on the last trading day (Thursday, 28th Mar 2024), rising from $34.81 to $35.03. During the last trading day the ETF fluctuated 0.459% from a day low at $34.95 to a day high of $35.11. The price has risen in 6 of the last 10 days and is up by 2.91% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately $110.18 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 lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 15.73% during the next 3 months and, with a 90% probability hold a price between $39.84 and $41.02 at the end of this 3-month period.

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SPYC Signals & Forecast

There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.0482%. 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 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. 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 $34.86 and $33.76. A breakdown below any of these levels will issue sell signals.

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 $32.90 and $32.41. 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 $32.90. If this is broken, then the next support from accumulated volume will be at $32.41 and $32.05.

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 $0.160 between high and low, or 0.459%. For the last week the ETF has had daily average volatility of 0.552%

Our recommended stop-loss: $33.92 (-3.17%) (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 (SPYC) 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 Convexity ETF to open at $35.03, and during the day (based on 14 day Average True Range), to move between $34.69 and $35.38, which gives a possible trading interval of +/-$0.348 (+/-0.99%) up or down from last closing price. If Simplify Exchange Traded Funds - Simplify US Equity PLUS Convexity 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 resistance from accumulated volume at $35.05 (0.05%) than the support at $32.90 (6.09%), 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 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: 2.761 Buy Candidate Unchanged

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

Fair opening price April 1, 2024 Current price
$35.03 ( 0.0055%) $35.03

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

Trading levels for SPYC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 35.19 0.452 %
R2 35.13 0.277 %
R1 35.09 0.169 %
Current price: 35.03
Support S1 34.97 -0.180 %
S2 34.93 -0.288 %
S3 34.87 -0.463 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 35.05 0.0482 %
Current price 35.03
Support S1 32.90 -6.09%
S2 32.41 -7.49%
S3 32.05 -8.52%

SPYC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 11, 2024 Mar 25, 2024 Mar 28, 2024 $0.100 0.285%
2 Dec 26, 2023 Dec 26, 2023 Dec 26, 2023 $0.114 0.369%
3 Mar 13, 2023 Sep 27, 2023 Sep 29, 2023 $0.100 0.359%
4 Mar 13, 2023 Jun 27, 2023 Jul 03, 2023 $0.190 0.652%
5 Mar 13, 2023 Mar 27, 2023 Mar 31, 2023 $0.140 0.520%

FAQ

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

Should I buy or sell Simplify Exchange Traded Funds - Simplify US Equity PLUS 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 Convexity ETF ETF?
Simplify Exchange Traded Funds - Simplify US Equity PLUS 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 Convexity ETF ETF.

What's the current price of Simplify Exchange Traded Funds - Simplify US Equity PLUS 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 Convexity ETF (SPYC) share was $35.03.

What is the 52-week high and low for Simplify Exchange Traded Funds - Simplify US Equity PLUS Convexity ETF ETF?
The 52-week high for Simplify Exchange Traded Funds - Simplify US Equity PLUS Convexity ETF ETF is $35.20 and the 52-week low is $26.20.

What is the market capitalization of Simplify Exchange Traded Funds - Simplify US Equity PLUS Convexity ETF ETF?
As of the 2024-03-28, the market capitalization of Simplify Exchange Traded Funds - Simplify US Equity PLUS Convexity ETF is 63.775M.
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About Simplify Exchange Traded Funds - Simplify US Equity PLUS 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 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 exchange-tra... SPYC Profile

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