T. Rowe Price Equity Income Etf ETF Forecast
T. Rowe Price Equity Income Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The T. Rowe Price Equity Income Etf ETF price gained 0.0931% on the last trading day (Friday, 28th Jun 2024), rising from $39.20 to $39.24. During the last trading day the ETF fluctuated 0.792% from a day low at $39.14 to a day high of $39.45. The price has risen in 6 of the last 10 days and is up by 0.02% over the past 2 weeks. Volume fell on the last day by -259 shares and in total, 7 thousand shares were bought and sold for approximately $290.70 thousand. 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect T. Rowe Price Equity Income Etf ETF with a 90% probability to be traded between $38.82 and $39.71 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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TEQI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.0931%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The T. Rowe Price Equity Income Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $39.46 and $39.46. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
A buy signal from a double bottom formation was found on Thursday, June 27, 2024 and based on theory for this formation the price should go up by 2.03% to $40.03 within 8 trading days since signal was issued (Wednesday, July 10, 2024).
Support, Risk & Stop-loss for T. Rowe Price Equity Income Etf ETF
T. Rowe Price Equity Income Etf finds support from accumulated volume at $39.23 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 $0.310 between high and low, or 0.792%. For the last week the ETF has had daily average volatility of 0.507%
Our recommended stop-loss: $37.02 (-5.65%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (TEQI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect T. Rowe Price Equity Income Etf to open at $39.28, and during the day (based on 14 day Average True Range), to move between $38.90 and $39.57, which gives a possible trading interval of +/-$0.334 (+/-0.85%) up or down from last closing price. If T. Rowe Price Equity Income Etf takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $39.23 (0.02%) than the resistance at $39.43 (0.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is T. Rowe Price Equity Income Etf ETF A Buy?
T. Rowe Price Equity Income Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.905 Hold/Accumulate Upgraded
Predicted Opening Price for T. Rowe Price Equity Income Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $39.28 ( 0.0994%) | $39.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TEQI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.59 | 0.89% |
| R2 | 39.47 | 0.588% |
| R1 | 39.39 | 0.401% |
| Price | 39.24 | |
| S1 | 39.16 | -0.202% |
| S2 | 39.08 | -0.389% |
| S3 | 38.97 | -0.691% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.88 | 1.64% |
| R2 | 39.67 | 1.10% |
| R1 | 39.43 | 0.493% |
| Price | 39.24 | |
| S1 | 39.23 | -0.0184% |
| S2 | 39.20 | -0.0930% |
| S3 | 39.01 | -0.577% |
TEQI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 25, 2024 | Mar 28, 2024 | $0.201 | 0.506% |
| 2 | Mar 13, 2023 | Dec 20, 2023 | Dec 26, 2023 | $0.213 | 0.582% |
| 3 | Mar 13, 2023 | Sep 26, 2023 | Sep 29, 2023 | $0.179 | 0.538% |
| 4 | Mar 13, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.179 | 0.518% |
| 5 | Mar 13, 2023 | Mar 28, 2023 | Mar 31, 2023 | $0.203 | 0.605% |
FAQ
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