Etc 6 Meridian Quality Growth Etf ETF Forecast
Etc 6 Meridian Quality Growth Etf ETF price ended at $30.00 on Friday, after gaining 0.422%.
(Updated on Jun 28, 2024)
The Etc 6 Meridian Quality Growth Etf ETF price gained 0.422% on the last trading day (Friday, 28th Jun 2024), rising from $29.88 to $30.00. 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 0.0003% from a day low at $30.00 to a day high of $30.00. The price has risen in 6 of the last 10 days and is up by 1.81% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $77.53 thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 8.99% during the next 3 months and, with a 90% probability hold a price between $30.94 and $33.81 at the end of this 3-month period.
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SXQG Signals & Forecast
Mostly positive signals in the chart today. The Etc 6 Meridian Quality Growth Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $29.82 and $28.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 13.39%. 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). Etc 6 Meridian Quality Growth Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Etc 6 Meridian Quality Growth Etf ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $28.06 and $26.95. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Etc 6 Meridian Quality Growth Etf finds support just below today's level at $28.06. If this is broken, then the next support from accumulated volume will be at $26.95 and $26.70.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.00010000 (0.0003%) between high and low. For the last week, the ETF has had daily average volatility of 0.222%.
The Etc 6 Meridian Quality Growth Etf ETF is extremely overbought on RSI14 (91). This increases the short-term risk substantially.
Our recommended stop-loss: $29.05 (-3.18%) (This ETF has low daily movements and this gives low risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (SXQG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Etc 6 Meridian Quality Growth Etf to open at $30.00, and during the day (based on 14 day Average True Range), to move between $29.84 and $30.16, which gives a possible trading interval of +/-$0.160 (+/-0.53%) up or down from last closing price. If Etc 6 Meridian Quality Growth Etf takes out the full calculated possible swing range there will be an estimated 1.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $28.06, some $1.94 (6.48%) from the current price of $30.00, our system finds the risk reward attractive.
Is Etc 6 Meridian Quality Growth Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Etc 6 Meridian Quality Growth Etf ETF to perform well in the short-term.
Current score: 4.619 Buy Candidate Unchanged
Predicted Opening Price for Etc 6 Meridian Quality Growth Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $30.00 ( 0.0001%) | $30.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SXQG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.00 | 0.0004% |
| R2 | 30.00 | 0.0003% |
| R1 | 30.00 | 0.0002% |
| Price | 30.00 | |
| S1 | 30.00 | -0.00001622% |
| S2 | 30.00 | -0.00009488% |
| S3 | 30.00 | -0.0002% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 30.00 | |
| S1 | 28.06 | -6.48% |
| S2 | 26.95 | -10.18% |
| S3 | 26.70 | -11.01% |
SXQG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 11, 2023 | Sep 12, 2023 | Sep 15, 2023 | $0.0051 | 0.0212% |
| 2 | Dec 26, 2022 | Dec 27, 2022 | Dec 30, 2022 | $0.0101 | 0.0489% |
| 3 | Nov 29, 2022 | Nov 30, 2022 | Dec 05, 2022 | $0.0079 | 0.0366% |
FAQ
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