Strive Emerging Markets Ex-china Etf ETF Forecast
Green day on Friday for Strive Emerging Markets Ex-china Etf ETF after gaining 0.0336%
(Updated on Jun 28, 2024)
The Strive Emerging Markets Ex-china Etf ETF price gained 0.0336% on the last trading day (Friday, 28th Jun 2024), rising from $29.73 to $29.74. During the last trading day the ETF fluctuated 0.607% from a day low at $29.66 to a day high of $29.84. The price has risen in 8 of the last 10 days and is up by 2.45% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 4 thousand shares were bought and sold for approximately $119.20 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 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 3.61% during the next 3 months and, with a 90% probability hold a price between $29.40 and $31.27 at the end of this 3-month period.
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STXE Signals & Forecast
The Strive Emerging Markets Ex-china Etf 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 $29.64 and $29.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 5.87%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 ETF had a Golden Star Signal on Tuesday, September 12, 2023 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, September 12, 2023 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 Strive Emerging Markets Ex-china Etf ETF
Strive Emerging Markets Ex-china Etf finds support from accumulated volume at $29.70 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 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 $0.180 between high and low, or 0.607%. For the last week the ETF has had daily average volatility of 0.606%
Our recommended stop-loss: $28.62 (-3.77%) (This ETF has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (STXE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Strive Emerging Markets Ex-china Etf to open at $29.75, and during the day (based on 14 day Average True Range), to move between $29.47 and $30.01, which gives a possible trading interval of +/-$0.271 (+/-0.91%) up or down from last closing price. If Strive Emerging Markets Ex-china Etf takes out the full calculated possible swing range there will be an estimated 1.82% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $29.70, some $0.0415 (0.14%) from the current price of $29.74, our system finds the risk reward attractive.
Is Strive Emerging Markets Ex-china 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 Strive Emerging Markets Ex-china Etf ETF to perform well in the short-term.
Current score: 2.468 Buy Candidate Unchanged
Predicted Opening Price for Strive Emerging Markets Ex-china Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $29.75 ( 0.0223%) | $29.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STXE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.93 | 0.628% |
| R2 | 29.86 | 0.397% |
| R1 | 29.82 | 0.254% |
| Price | 29.74 | |
| S1 | 29.68 | -0.209% |
| S2 | 29.64 | -0.352% |
| S3 | 29.57 | -0.583% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 29.74 | |
| S1 | 29.70 | -0.140% |
| S2 | 29.23 | -1.72% |
| S3 | 28.72 | -3.43% |
FAQ
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