Simplify Volatility Premium ETF Forecast

Green day on Tuesday for Simplify Volatility Premium ETF after gaining 0.0442%
(Updated on May 07, 2024)

SVOL Signals & Forecast

Mostly positive signals in the chart today. The Simplify Volatility Premium ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.37 and $22.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 3.57%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 30, 2023.

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 Simplify Volatility Premium ETF

Simplify Volatility Premium finds support from accumulated volume at $22.61 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 $0.0674 between high and low, or 0.298%. For the last week the ETF has had daily average volatility of 0.663%.

Our recommended stop-loss: $21.52 (-4.87%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (SVOL) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Simplify Volatility Premium ETF to open at $22.62, and during the day (based on 14 day Average True Range), to move between $22.42 and $22.82, which gives a possible trading interval of +/-$0.200 (+/-0.88%) up or down from last closing price. If Simplify Volatility Premium ETF takes out the full calculated possible swing range there will be an estimated 1.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.61 (0.04%) than the resistance at $22.68 (0.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Simplify Volatility Premium ETF ETF A Buy?

Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.

Current score: 1.751 Buy Candidate Unchanged

Predicted Opening Price for Simplify Volatility Premium ETF of Wednesday, May 8, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.