T. Rowe Price Floating Rate Etf ETF Forecast
Stronger technical forecast for T. Rowe Price Floating Rate Etf ETF price after Wednesday trading.
(Updated on Jun 26, 2024)
The T. Rowe Price Floating Rate Etf ETF price gained 0.0072% on the last trading day (Wednesday, 26th Jun 2024), rising from $51.55 to $51.55. During the last trading day the ETF fluctuated 0.389% from a day low at $51.44 to a day high of $51.64. The price has fallen in 6 of the last 10 days and is down by -0.52% for this period. Volume fell on the last day by -567 shares and in total, 16 thousand shares were bought and sold for approximately $805.16 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 at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $51.55 will give a strong sell signal and a trend shift may 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 $51.64 and $52.17 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
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.0072%. 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. 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. 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 $51.78 and $51.83. A break-up above any of these levels will issue buy signals. 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. The ETF had a Golden Star Signal on Wednesday, November 29, 2023 in the long-term chart.
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 Wednesday, November 29, 2023 in the long-term chart.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 $51.55 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 $0.200 between high and low, or 0.389%. For the last week the ETF has had daily average volatility of 0.290%
Our recommended stop-loss: $47.26 (-8.33%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (TFLR) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect T. Rowe Price Floating Rate Etf to open at $51.54, and during the day (based on 14 day Average True Range), to move between $51.37 and $51.73, which gives a possible trading interval of +/-$0.178 (+/-0.34%) 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 0.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $51.55 (0.01%) than the resistance at $51.67 (0.23%), 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 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.483 Hold/Accumulate Upgraded
Predicted Opening Price for T. Rowe Price Floating Rate Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $51.54 ( 0.0129%) | $51.55 |
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 | 51.74 | 0.375% |
| R2 | 51.67 | 0.227% |
| R1 | 51.62 | 0.135% |
| Price | 51.55 | |
| S1 | 51.47 | -0.161% |
| S2 | 51.42 | -0.253% |
| S3 | 51.34 | -0.401% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.01 | 0.89% |
| R2 | 51.77 | 0.427% |
| R1 | 51.67 | 0.233% |
| Price | 51.55 | |
| S1 | 51.55 | -0.0072% |
| S2 | 51.45 | -0.194% |
| S3 | 0 | - |
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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