Simplify Propel Opportunities 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:
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
Simplify Propel Opportunities Etf ETF price took a fall of -6.23% on Tuesday
(Updated on Jun 25, 2024)
The Simplify Propel Opportunities Etf ETF price fell by -6.23% on the last day (Tuesday, 25th Jun 2024) from $23.13 to $21.69. During the last trading day the ETF fluctuated 0% from a day low at $21.69 to a day high of $21.69. The price has fallen in 5 of the last 10 days and is down by -4.78% for this period. 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 -440 shares and in total, 112 shares were bought and sold for approximately $2.43 thousand.
The ETF has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $22.52 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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SURI 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 Simplify Propel Opportunities Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $22.89 and $22.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -6.23%. 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Simplify Propel Opportunities Etf 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.638%
Our recommended stop-loss: $20.36 (-6.14%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (SURI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Simplify Propel Opportunities Etf to open at $21.69, and during the day (based on 14 day Average True Range), to move between $21.22 and $22.16, which gives a possible trading interval of +/-$0.466 (+/-2.15%) up or down from last closing price. If Simplify Propel Opportunities Etf takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $22.40, some $0.710 (3.27%) from the current price of $21.69, our system finds the risk reward not very attractive.
Is Simplify Propel Opportunities Etf ETF A Buy?
Simplify Propel Opportunities 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Simplify Propel Opportunities Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $21.69 ( 0%) | $21.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SURI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.69 | - |
| R2 | 21.69 | - |
| R1 | 21.69 | - |
| Price | 21.69 | |
| S1 | 21.69 | - |
| S2 | 21.69 | - |
| S3 | 21.69 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.94 | 5.76% |
| R2 | 22.54 | 3.92% |
| R1 | 22.40 | 3.27% |
| Price | 21.69 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
SURI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Mar 25, 2024 | Mar 28, 2024 | $0.680 | 2.67% |
| 2 | Dec 15, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.680 | 3.29% |
| 3 | Sep 26, 2023 | Sep 27, 2023 | Sep 29, 2023 | $0.680 | 3.38% |
| 4 | Jun 26, 2023 | Jun 27, 2023 | Jul 03, 2023 | $0.680 | 3.12% |
| 5 | Mar 24, 2023 | Mar 27, 2023 | Mar 31, 2023 | $1.00 | 5.09% |
FAQ
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