Strive Mid-cap Etf ETF Forecast
Strive Mid-cap Etf ETF price up 0.270% on Friday
(Updated on Jun 21, 2024)
The Strive Mid-cap Etf ETF price gained 0.270% on the last trading day (Friday, 21st Jun 2024), rising from $24.06 to $24.12. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.542% from a day low at $23.99 to a day high of $24.12. The price has risen in 6 of the last 10 days and is up by 0.13% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 984 shares were bought and sold for approximately $23.73 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Strive Mid-cap Etf ETF with a 90% probability to be traded between $24.07 and $25.55 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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STXM Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.45%. 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. The Strive Mid-cap Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $24.29. On a fall, the ETF will find some support from the short-term average at $24.05. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Strive Mid-cap Etf ETF
Strive Mid-cap Etf finds support from accumulated volume at $24.01 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 $0.130 between high and low, or 0.542%. For the last week the ETF has had daily average volatility of 0.648%
Our recommended stop-loss: $22.82 (-5.38%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (STXM) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Strive Mid-cap Etf to open at $24.08, and during the day (based on 14 day Average True Range), to move between $23.90 and $24.34, which gives a possible trading interval of +/-$0.218 (+/-0.90%) up or down from last closing price. If Strive Mid-cap Etf takes out the full calculated possible swing range there will be an estimated 1.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.20 (0.33%) than the support at $24.01 (0.46%), 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 Strive Mid-cap Etf ETF A Buy?
Strive Mid-cap Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.082 Hold/Accumulate Unchanged
Predicted Opening Price for Strive Mid-cap Etf of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $24.08 ( 0.180%) | $24.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STXM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.21 | 0.359% |
| R2 | 24.16 | 0.153% |
| R1 | 24.13 | 0.0262% |
| Price | 24.12 | |
| S1 | 24.03 | -0.386% |
| S2 | 24.00 | -0.513% |
| S3 | 23.95 | -0.719% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.78 | 2.74% |
| R2 | 24.47 | 1.45% |
| R1 | 24.20 | 0.327% |
| Price | 24.12 | |
| S1 | 24.01 | -0.456% |
| S2 | 23.73 | -1.62% |
| S3 | 23.63 | -2.03% |
FAQ
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