T. Rowe Price Exchange-Traded Funds, ETF Forecast
T. Rowe Price Exchange-Traded Funds, ETF price ended at $42.30 on Friday, after gaining 0.127%.
(Updated on Jun 21, 2024)
The T. Rowe Price Exchange-Traded Funds, ETF price gained 0.127% on the last trading day (Friday, 21st Jun 2024), rising from $42.25 to $42.30. During the last trading day the ETF fluctuated 0% from a day low at $42.30 to a day high of $42.30. The price has risen in 4 of the last 10 days and is up by 0.44% 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, 92 more shares were traded than the day before. In total, 242 shares were bought and sold for approximately $10.24 thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $42.39 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect T. Rowe Price Exchange-Traded Funds, ETF with a 90% probability to be traded between $41.99 and $42.92 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TAGG Signals & Forecast
The T. Rowe Price Exchange-Traded Funds, 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 $42.23 and $41.79. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). T. Rowe Price Exchange-Traded Funds, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.156%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for T. Rowe Price Exchange-Traded Funds, ETF
T. Rowe Price Exchange-Traded Funds, finds support from accumulated volume at $41.65 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0473%.
Our recommended stop-loss: $40.78 (-3.59%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (TAGG) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect T. Rowe Price Exchange-Traded Funds, Inc. - T. Rowe Price QM U.S. Bond ETF to open at $42.30, and during the day (based on 14 day Average True Range), to move between $42.16 and $42.45, which gives a possible trading interval of +/-$0.143 (+/-0.34%) up or down from last closing price. If T. Rowe Price Exchange-Traded Funds, Inc. - T. Rowe Price QM U.S. Bond ETF takes out the full calculated possible swing range there will be an estimated 0.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.35 (0.10%) than the support at $41.65 (1.55%), 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 T. Rowe Price Exchange-Traded Funds, Inc. - T. Rowe Price QM U.S. Bond ETF ETF 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 T. Rowe Price Exchange-Traded Funds, ETF to perform well in the short-term period.
Current score: 3.706 Buy Candidate Unchanged
Predicted Opening Price for T. Rowe Price Exchange-Traded Funds, Inc. - T. Rowe Price QM U.S. Bond ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $42.30 ( 0%) | $42.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TAGG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.30 | - |
| R2 | 42.30 | - |
| R1 | 42.30 | - |
| Price | 42.30 | |
| S1 | 42.30 | - |
| S2 | 42.30 | - |
| S3 | 42.30 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 42.37 | 0.157% |
| R1 | 42.35 | 0.104% |
| Price | 42.30 | |
| S1 | 41.65 | -1.55% |
| S2 | 41.58 | -1.71% |
| S3 | 41.13 | -2.78% |
TAGG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 29, 2024 | $0.149 | 0.361% |
| 2 | Feb 19, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.152 | 0.358% |
| 3 | Feb 19, 2024 | Feb 23, 2024 | Feb 28, 2024 | $0.153 | 0.364% |
| 4 | Jan 24, 2024 | Jan 25, 2024 | Jan 30, 2024 | $0.155 | 0.364% |
| 5 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.150 | 0.351% |
FAQ
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