ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF Stock Forecast
Big movements in ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF stock price on Thursday moving 12.28% between high and low
(Updated on Jun 20, 2024)
The ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF stock price fell by -7.50% on the last day (Thursday, 20th Jun 2024) from $4.40 to $4.07. During the last trading day the stock fluctuated 12.28% from a day low at $4.03 to a day high of $4.52. The price has risen in 5 of the last 10 days but is still down by -9.96% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -53 thousand shares and in total, 518 thousand shares were bought and sold for approximately $2.11 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $3.80 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF stock with a 90% probability to be traded between $3.82 and $39.73 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SWIN 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 ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF stock 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 $4.14 and $11.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -89.68%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF stock
ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF finds support from accumulated volume at $4.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.495 between high and low, or 12.28%. For the last week, the stock has had daily average volatility of 12.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SWIN) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF to open at $4.21, and during the day (based on 14 day Average True Range), to move between $2.15 and $5.99, which gives a possible trading interval of +/-$1.92 (+/-47.11%) up or down from last closing price. If ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF takes out the full calculated possible swing range there will be an estimated 94.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.10 (0.74%) than the support at $4.00 (1.72%), 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 ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF stock A Buy?
ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.879 Sell Candidate Unchanged
Predicted Opening Price for ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF ALPS/DORSEY WRIGHT SECTOR MOMENTUM ETF of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $4.21 ( 3.40%) | $4.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWIN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.70 | 15.56% |
| R2 | 4.51 | 10.91% |
| R1 | 4.40 | 8.04% |
| Price | 4.07 | |
| S1 | 4.02 | -1.25% |
| S2 | 3.90 | -4.12% |
| S3 | 3.71 | -8.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.59 | 12.78% |
| R2 | 4.52 | 11.06% |
| R1 | 4.10 | 0.737% |
| Price | 4.07 | |
| S1 | 4.00 | -1.72% |
| S2 | 3.94 | -3.19% |
| S3 | 3.82 | -6.14% |
SWIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 19, 2018 | Sep 20, 2018 | Sep 27, 2018 | $0.0400 | 0% |
| 2 | Jun 20, 2018 | Jun 21, 2018 | Jun 28, 2018 | $0.0500 | 0% |
| 3 | Mar 22, 2018 | Mar 22, 2018 | Mar 29, 2018 | $0.0500 | 0% |
| 4 | Dec 22, 2016 | Dec 21, 2017 | Dec 28, 2017 | $0.0500 | 0% |
| 5 | Sep 21, 2017 | Sep 21, 2017 | Sep 27, 2017 | $0.0500 | 0% |
FAQ
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