T. Rowe Price Exchange-Traded Funds, ETF Forecast
Evaluation of T. Rowe Price Exchange-Traded Funds, ETF downgraded after the last trading session.
(Updated on May 17, 2024)
The T. Rowe Price Exchange-Traded Funds, ETF price gained 0.234% on the last trading day (Friday, 17th May 2024), rising from $38.47 to $38.56. 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 0.338% from a day low at $38.43 to a day high of $38.56. The price has risen in 9 of the last 10 days and is up by 3.64% over the past 2 weeks. Volume fell on the last day by -113 thousand shares and in total, 27 thousand shares were bought and sold for approximately $1.03 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $38.26 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $40.09 sometime during the next 3 months.
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TDVG 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 $38.21 and $37.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 6.31%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for T. Rowe Price Exchange-Traded Funds, ETF
T. Rowe Price Exchange-Traded Funds, finds support from accumulated volume at $38.47 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.130 between high and low, or 0.338%. For the last week the ETF has had daily average volatility of 0.461%
The T. Rowe Price Exchange-Traded Funds, ETF is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: $36.70 (-4.83%) (This ETF has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (TDVG) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect T. Rowe Price Exchange-Traded Funds, Inc. - T. Rowe Price Dividend Growth ETF to open at $38.52, and during the day (based on 14 day Average True Range), to move between $38.29 and $38.83, which gives a possible trading interval of +/-$0.265 (+/-0.69%) up or down from last closing price. If T. Rowe Price Exchange-Traded Funds, Inc. - T. Rowe Price Dividend Growth ETF takes out the full calculated possible swing range there will be an estimated 1.37% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $38.47, some $0.0900 (0.23%) from the current price of $38.56, our system finds the risk reward attractive.
Is T. Rowe Price Exchange-Traded Funds, Inc. - T. Rowe Price Dividend Growth ETF ETF A Buy?
T. Rowe Price Exchange-Traded Funds, 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 ETF since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for T. Rowe Price Exchange-Traded Funds, Inc. - T. Rowe Price Dividend Growth ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $38.52 ( 0.112%) | $38.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TDVG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.65 | 0.225 % | |
| R2 | 38.60 | 0.0959 % | ||
| R1 | 38.57 | 0.0164 % | ||
| Current price: | 38.56 | |||
| Support | S1 | 38.47 | -0.241 % | |
| S2 | 38.44 | -0.320 % | ||
| S3 | 38.39 | -0.449 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 38.56 | |||
| Support | S1 | 38.47 | -0.233% | |
| S2 | 36.97 | -4.12% | ||
| S3 | 36.48 | -5.41% |
TDVG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Mar 28, 2024 | $0.111 | 0.293% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.132 | 0.381% |
| 3 | Mar 13, 2023 | Sep 26, 2023 | Sep 29, 2023 | $0.112 | 0.349% |
| 4 | Mar 13, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.117 | 0.351% |
| 5 | Mar 13, 2023 | Mar 28, 2023 | Mar 31, 2023 | $0.101 | 0.316% |
FAQ
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