Strive Mid-cap Etf ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Thursday for Strive Mid-cap Etf ETF after gaining 0.0834%
(Updated on Jun 27, 2024)
The Strive Mid-cap Etf ETF price gained 0.0834% on the last trading day (Thursday, 27th Jun 2024), rising from $23.98 to $24.00. During the last trading day the ETF fluctuated 0.334% from a day low at $23.93 to a day high of $24.01. The price has risen in 6 of the last 10 days but is still down by -1.17% for this period. Volume fell on the last day by -71 shares and in total, 2 thousand shares were bought and sold for approximately $48.84 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 $23.92 and $25.44 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 0.95%. 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 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 $24.07 and $24.28. A break-up above any of these levels will issue buy signals. 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 $23.91 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 $0.0800 between high and low, or 0.334%. For the last week the ETF has had daily average volatility of 0.375%
Our recommended stop-loss: $22.71 (-5.37%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (STXM) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Strive Mid-cap Etf to open at $23.98, and during the day (based on 14 day Average True Range), to move between $23.79 and $24.21, which gives a possible trading interval of +/-$0.206 (+/-0.86%) 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 1.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.01 (0.04%) than the support at $23.91 (0.37%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.126 Hold/Accumulate Unchanged
Predicted Opening Price for Strive Mid-cap Etf of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$23.98 ( 0.0833%) | $24.00 |
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 | 24.06 | 0.250% |
R2 | 24.03 | 0.123% |
R1 | 24.01 | 0.0440% |
Price | 24.00 | |
S1 | 23.95 | -0.211% |
S2 | 23.93 | -0.289% |
S3 | 23.90 | -0.417% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.47 | 1.96% |
R2 | 24.20 | 0.83% |
R1 | 24.01 | 0.0417% |
Price | 24.00 | |
S1 | 23.91 | -0.375% |
S2 | 23.73 | -1.13% |
S3 | 23.63 | -1.54% |
FAQ
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