T. Rowe Price Floating Rate Etf ETF Forecast
T. Rowe Price Floating Rate Etf ETF price ended at $51.83 on Friday, after losing 0.0417%.
(Updated on Jun 21, 2024)
The T. Rowe Price Floating Rate Etf ETF price fell by -0.0417% on the last day (Friday, 21st Jun 2024) from $51.85 to $51.83. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.193% from a day low at $51.78 to a day high of $51.88. The price has fallen in 6 of the last 10 days but is still up by 0.07% over the past 2 weeks. Volume has increased on the last day by 366 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, 18 thousand shares were bought and sold for approximately $957.65 thousand.
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 Floating Rate Etf ETF with a 90% probability to be traded between $51.76 and $52.30 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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TFLR Signals & Forecast
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. The T. Rowe Price Floating Rate Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $51.87 and $51.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -0.353%. Further fall is indicated until a new bottom pivot has been found. T. Rowe Price Floating Rate Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 29, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 29, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 29, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for T. Rowe Price Floating Rate Etf ETF
T. Rowe Price Floating Rate Etf finds support from accumulated volume at $51.77 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 $0.100 between high and low, or 0.193%. For the last week the ETF has had daily average volatility of 0.327%.
Our recommended stop-loss: $48.91 (-5.62%) (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 (TFLR) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect T. Rowe Price Floating Rate Etf to open at $51.83, and during the day (based on 14 day Average True Range), to move between $51.66 and $52.00, which gives a possible trading interval of +/-$0.171 (+/-0.33%) up or down from last closing price. If T. Rowe Price Floating Rate Etf takes out the full calculated possible swing range there will be an estimated 0.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.84 (0.03%) than the support at $51.77 (0.11%), 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 Floating Rate Etf ETF A Buy?
T. Rowe Price Floating Rate 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.
Current score: -0.110 Hold/Accumulate Unchanged
Predicted Opening Price for T. Rowe Price Floating Rate Etf of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$51.83 ( 0.0045%) | $51.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TFLR
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 51.93 | 0.197% |
R2 | 51.89 | 0.124% |
R1 | 51.87 | 0.0782% |
Price | 51.83 | |
S1 | 51.79 | -0.0692% |
S2 | 51.77 | -0.115% |
S3 | 51.73 | -0.188% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 52.01 | 0.354% |
R2 | 51.92 | 0.180% |
R1 | 51.84 | 0.0260% |
Price | 51.83 | |
S1 | 51.77 | -0.109% |
S2 | 51.67 | -0.302% |
S3 | 51.55 | -0.534% |
TFLR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Apr 24, 2024 | Apr 29, 2024 | $0.352 | 0.682% |
2 | Feb 20, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.359 | 0.695% |
3 | Feb 20, 2024 | Feb 23, 2024 | Feb 28, 2024 | $0.344 | 0.666% |
4 | Jan 24, 2024 | Jan 25, 2024 | Jan 30, 2024 | $0.367 | 0.712% |
5 | Mar 10, 2023 | Dec 22, 2023 | Dec 28, 2023 | $0.395 | 0.767% |
FAQ
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