Day Hagan/ned Davis Research Smart ETF Forecast
Day Hagan/ned Davis Research Smart ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Day Hagan/ned Davis Research Smart ETF price gained 0.283% on the last trading day (Friday, 28th Jun 2024), rising from $28.29 to $28.37. During the last trading day the ETF fluctuated 0.248% from a day low at $28.31 to a day high of $28.38. The price has been going up and down for this period, and there has been a 0.28% gain for the last 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, 6 thousand shares were bought and sold for approximately $178.33 thousand.
The ETF lies in the middle of a weak 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 2.53% during the next 3 months and, with a 90% probability hold a price between $28.65 and $30.62 at the end of this 3-month period.
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SSXU Signals & Forecast
There are mixed signals in the ETF today. The Day Hagan/ned Davis Research Smart ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. 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 $28.43 and $28.81. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.03%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Day Hagan/ned Davis Research Smart 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.
Support, Risk & Stop-loss for Day Hagan/ned Davis Research Smart ETF
Day Hagan/ned Davis Research Smart finds support from accumulated volume at $28.14 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0701 between high and low, or 0.248%. For the last week the ETF has had daily average volatility of 0.0986%.
Our recommended stop-loss: $26.65 (-6.06%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (SSXU) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Day Hagan/ned Davis Research Smart Sector International Etf to open at $28.35, and during the day (based on 14 day Average True Range), to move between $28.19 and $28.55, which gives a possible trading interval of +/-$0.183 (+/-0.65%) up or down from last closing price. If Day Hagan/ned Davis Research Smart Sector International Etf takes out the full calculated possible swing range there will be an estimated 1.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.14 (0.81%) than the resistance at $28.67 (1.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Day Hagan/ned Davis Research Smart Sector International 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 Day Hagan/ned Davis Research Smart 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: 1.632 Buy Candidate Upgraded
Predicted Opening Price for Day Hagan/ned Davis Research Smart Sector International Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $28.35 ( 0.0586%) | $28.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSXU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.42 | 0.188% |
| R2 | 28.40 | 0.0941% |
| R1 | 28.38 | 0.0358% |
| Price | 28.37 | |
| S1 | 28.33 | -0.153% |
| S2 | 28.31 | -0.211% |
| S3 | 28.28 | -0.306% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.55 | 4.16% |
| R2 | 28.80 | 1.52% |
| R1 | 28.67 | 1.06% |
| Price | 28.37 | |
| S1 | 28.14 | -0.81% |
| S2 | 27.81 | -1.97% |
| S3 | 27.71 | -2.33% |
FAQ
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