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