Td Active Global Income Etf ETF Forecast
Td Active Global Income Etf ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Td Active Global Income Etf ETF price fell by -0.198% on the last day (Friday, 28th Jun 2024) from $20.18 to $20.14. During the last trading day the ETF fluctuated 0.447% from a day low at $20.14 to a day high of $20.23. The price has fallen in 6 of the last 10 days and is down by -0.79% for this period. Volume has increased on the last day by 5 thousand 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, 5 thousand shares were bought and sold for approximately $96.89 thousand.
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 $20.08 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Td Active Global Income Etf ETF with a 90% probability to be traded between $20.11 and $20.41 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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TGFI.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.299%. 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 Td Active Global 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 $20.18 and $20.20. A break-up above any of these levels will issue buy signals. Td Active Global Income 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Td Active Global Income Etf ETF
Td Active Global Income Etf finds support from accumulated volume at $20.11 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 $0.0900 between high and low, or 0.447%. For the last week the ETF has had daily average volatility of 0.169%.
Our recommended stop-loss: $19.12 (-5.05%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (TGFI.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Td Active Global Income Etf to open at $20.17, and during the day (based on 14 day Average True Range), to move between $20.06 and $20.22, which gives a possible trading interval of +/-$0.0752 (+/-0.37%) up or down from last closing price. If Td Active Global Income Etf takes out the full calculated possible swing range there will be an estimated 0.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.16 (0.10%) than the support at $20.11 (0.15%), 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 Td Active Global Income Etf ETF A Buy?
Td Active Global 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.904 Hold/Accumulate Downgraded
Predicted Opening Price for Td Active Global Income Etf of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $20.17 ( 0.149%) | $20.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TGFI.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.26 | 0.596% |
| R2 | 20.23 | 0.425% |
| R1 | 20.20 | 0.320% |
| Price | 20.14 | |
| S1 | 20.14 | -0.0217% |
| S2 | 20.11 | -0.127% |
| S3 | 20.08 | -0.298% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.30 | 0.794% |
| R2 | 20.26 | 0.596% |
| R1 | 20.16 | 0.0993% |
| Price | 20.14 | |
| S1 | 20.11 | -0.149% |
| S2 | 20.08 | -0.298% |
| S3 | 20.05 | -0.447% |
FAQ
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