Sygnia Itrix MSCI World ETF Stock Forecast
Sygnia Itrix MSCI World ETF stock upgraded to Buy Candidate.
(Updated on May 31, 2024)
The Sygnia Itrix MSCI World ETF stock price gained 0.493% on the last trading day (Friday, 31st May 2024), rising from $6,495.00 to $6,527.00. During the last trading day the stock fluctuated 1.58% from a day low at $6,500.00 to a day high of $6,603.00. The price has been going up and down for this period, and there has been a 0.93% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 213 thousand more shares were traded than the day before. In total, 281 thousand shares were bought and sold for approximately $1.84 billion.
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 $6,222.10 and $6,565.89 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
Mostly positive signals in the chart today. 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 $6,494.71 and $6,427.74. 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 4.03%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Sygnia Itrix MSCI World ETF stock
Sygnia Itrix MSCI World ETF finds support from accumulated volume at $6,449.00 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 $103.00 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: $6,261.63 (-4.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (SYGWD.JO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Sygnia Itrix MSCI World ETF to open at $6,543.33, and during the day (based on 14 day Average True Range), to move between $6,426.32 and $6,627.68, which gives a possible trading interval of +/-$100.68 (+/-1.54%) 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 3.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6,571.00 (0.67%) than the support at $6,449.00 (1.20%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Sygnia Itrix MSCI World ETF stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.890 Buy Candidate Upgraded
Predicted Opening Price for Sygnia Itrix MSCI World ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $6,543.33 ( 0.250%) | $6,527.00 |
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 | 6,646.33 | 1.83 % | |
| R2 | 6,606.99 | 1.23 % | ||
| R1 | 6,582.68 | 0.85 % | ||
| Current price: | 6,527.00 | |||
| Support | S1 | 6,503.99 | -0.353 % | |
| S2 | 6,479.68 | -0.725 % | ||
| S3 | 6,440.33 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,635.00 | 1.65 % | |
| R2 | 6,579.00 | 0.797 % | ||
| R1 | 6,571.00 | 0.674 % | ||
| Current price | 6,527.00 | |||
| Support | S1 | 6,449.00 | -1.20% | |
| S2 | 6,448.00 | -1.21% | ||
| S3 | 6,421.00 | -1.62% |
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% |
FAQ
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