Toews Agility Shares Dynamic Tactical ETF Forecast
Toews Agility Shares Dynamic Tactical ETF price ended at $22.21 on Friday, after losing 0.0239%.
(Updated on Jun 28, 2024)
The Toews Agility Shares Dynamic Tactical ETF price fell by -0.0239% on the last day (Friday, 28th Jun 2024) from $22.22 to $22.21. During the last trading day the ETF fluctuated 0.221% from a day low at $22.21 to a day high of $22.26. The price has fallen in 6 of the last 10 days and is down by -0.36% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -2 thousand shares and in total, 1 thousand shares were bought and sold for approximately $31.21 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 Toews Agility Shares Dynamic Tactical ETF with a 90% probability to be traded between $22.00 and $22.35 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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THY Signals & Forecast
There are few to no technical positive signals at the moment. The Toews Agility Shares Dynamic Tactical 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 $22.25 and $22.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.582%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, August 08, 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 Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, August 08, 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 Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, August 08, 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.
A sell signal from a double top formation was found on Wednesday, June 12, 2024 and based on theory for this formation the price should fall by -1.62% to $21.85 within 19 trading days since signal was issued (Thursday, July 11, 2024).
Support, Risk & Stop-loss for Toews Agility Shares Dynamic Tactical ETF
Toews Agility Shares Dynamic Tactical finds support from accumulated volume at $22.19 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 $0.0490 between high and low, or 0.221%. For the last week the ETF has had daily average volatility of 0.268%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Toews Agility Shares Dynamic Tactical Income Etf to open at $22.23, and during the day (based on 14 day Average True Range), to move between $22.13 and $22.29, which gives a possible trading interval of +/-$0.0830 (+/-0.37%) up or down from last closing price. If Toews Agility Shares Dynamic Tactical 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 $22.23 (0.09%) than the support at $22.19 (0.09%), 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 Toews Agility Shares Dynamic Tactical Income Etf ETF A Buy?
Toews Agility Shares Dynamic Tactical holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.126 Sell Candidate Unchanged
Predicted Opening Price for Toews Agility Shares Dynamic Tactical Income Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $22.23 ( 0.0735%) | $22.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.28 | 0.294% |
| R2 | 22.26 | 0.210% |
| R1 | 22.25 | 0.158% |
| Price | 22.21 | |
| S1 | 22.21 | -0.0107% |
| S2 | 22.20 | -0.0628% |
| S3 | 22.18 | -0.147% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.25 | 0.180% |
| R2 | 22.24 | 0.135% |
| R1 | 22.23 | 0.0900% |
| Price | 22.21 | |
| S1 | 22.19 | -0.0900% |
| S2 | 22.15 | -0.270% |
| S3 | 22.12 | -0.405% |
FAQ
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