Sygnia Itrix MSCI World ETF Stock Forecast
Evaluation of Sygnia Itrix MSCI World ETF stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Sygnia Itrix MSCI World ETF stock price fell by -0.418% on the last day (Friday, 17th May 2024) from $6,467.00 to $6,440.00. During the last trading day the stock fluctuated 1.16% from a day low at $6,401.00 to a day high of $6,475.00. The price has risen in 6 of the last 10 days and is up by 1.82% over the past 2 weeks. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 105 thousand shares were bought and sold for approximately $676.38 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sygnia Itrix MSCI World ETF stock with a 90% probability to be traded between $6,220.02 and $6,560.94 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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SYGWD.JO Signals & Forecast
The Sygnia Itrix MSCI World ETF stock 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 $6,432.71 and $6,431.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.65%. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Sygnia Itrix MSCI World ETF stock
Sygnia Itrix MSCI World ETF finds support from accumulated volume at $6,421.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $74.00 between high and low, or 1.16%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: $6,152.53 (-4.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (SYGWD.JO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Sygnia Itrix MSCI World ETF to open at $6,438.67, and during the day (based on 14 day Average True Range), to move between $6,327.89 and $6,552.11, which gives a possible trading interval of +/-$112.11 (+/-1.74%) up or down from last closing price. If Sygnia Itrix MSCI World ETF takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6,448.00 (0.12%) than the support at $6,421.00 (0.30%), 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 Sygnia Itrix MSCI World ETF stock A Buy?
Sygnia Itrix MSCI World ETF holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.880 Hold/Accumulate Downgraded
Predicted Opening Price for Sygnia Itrix MSCI World ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $6,438.67 ( 0.0207%) | $6,440.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SYGWD.JO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,512.67 | 1.13 % | |
| R2 | 6,484.40 | 0.689 % | ||
| R1 | 6,466.93 | 0.418 % | ||
| Current price: | 6,440.00 | |||
| Support | S1 | 6,410.40 | -0.460 % | |
| S2 | 6,392.93 | -0.731 % | ||
| S3 | 6,364.67 | -1.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,452.00 | 0.186 % | |
| R2 | 6,449.00 | 0.140 % | ||
| R1 | 6,448.00 | 0.124 % | ||
| Current price | 6,440.00 | |||
| Support | S1 | 6,421.00 | -0.295% | |
| S2 | 6,410.00 | -0.466% | ||
| S3 | 6,357.00 | -1.29% |
SYGWD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 10, 2024 | Jan 10, 2024 | Jan 15, 2024 | $0.254 | 0.0042% |
| 2 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | $0.325 | 0.0060% |
| 3 | Jan 11, 2023 | Jan 11, 2023 | Jan 11, 2023 | $0.219 | 0.0047% |
| 4 | Jul 13, 2022 | Jul 13, 2022 | Jul 13, 2022 | $0.0003 | 0.00000610% |
| 5 | Jan 12, 2022 | Jan 12, 2022 | Jan 12, 2022 | $0.143 | 0.0029% |
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