Global X SuperDividend REIT ETF Forecast

Sell candidate since Dec 06, 2024

The Global X SuperDividend REIT ETF price fell by -0.610% on the last day (Friday, 6th Dec 2024) from $21.01 to $20.88. During the last trading day the ETF fluctuated 1.20% from a day low at $20.84 to a day high of $21.09. The price has been going up and down for this period, and there has been a -1.04% loss 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, 34 thousand shares were bought and sold for approximately $707.01 thousand.

The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -7.27% during the next 3 months and, with a 90% probability hold a price between $18.95 and $19.79 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SRET Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Global X SuperDividend REIT ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $21.16 and $21.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 29, 2024, and so far it has fallen -2.75%. Further fall is indicated until a new bottom pivot has been found. 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. The ETF had a Golden Star Signal on Thursday, June 20, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Global X SuperDividend REIT ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

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 $0.249 between high and low, or 1.20%. For the last week the ETF has had daily average volatility of 1.04%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SRET) For The Upcoming Trading Day Of Monday 9th

For the upcoming trading day on Monday, 9th we expect Global X SuperDividend REIT ETF to open at $20.94, and during the day (based on 14 day Average True Range), to move between $20.64 and $21.12, which gives a possible trading interval of +/-$0.239 (+/-1.15%) up or down from last closing price. If Global X SuperDividend REIT ETF takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $21.32, some $0.441 (2.11%) from the current price of $20.88, our system finds the risk reward not very attractive.

Is Global X SuperDividend REIT ETF ETF A Buy?

Global X SuperDividend REIT holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.140 Sell Candidate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on December 9, 2024 - $20.94 ( 0.273%).