Motley Fool 100 Index ETF Forecast
Evaluation of Motley Fool 100 Index ETF downgraded after the last trading session.
(Updated on May 17, 2024)
The Motley Fool 100 Index ETF price gained 0.0395% on the last trading day (Friday, 17th May 2024), rising from $50.60 to $50.62. It has now gained 7 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 0.400% from a day low at $50.48 to a day high of $50.68. The price has risen in 8 of the last 10 days and is up by 3.5% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 43 thousand shares were bought and sold for approximately $2.15 million. 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $50.30 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $53.72 sometime during the next 3 months.
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TMFC Signals & Forecast
Mostly positive signals in the chart today. The Motley Fool 100 Index ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $50.07 and $48.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.42%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for Motley Fool 100 Index ETF
Motley Fool 100 Index finds support from accumulated volume at $49.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.202 (0.400%) between high and low. For the last week, the ETF has had daily average volatility of 0.679%.
Since the Motley Fool 100 Index has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $48.08 (-5.02%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (TMFC) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Motley Fool 100 Index ETF to open at $50.59, and during the day (based on 14 day Average True Range), to move between $50.07 and $51.17, which gives a possible trading interval of +/-$0.545 (+/-1.08%) up or down from last closing price. If Motley Fool 100 Index ETF takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $49.89, some $0.730 (1.44%) from the current price of $50.62, our system finds the risk reward attractive.
Is Motley Fool 100 Index ETF ETF A Buy?
Several short-term signals are positive and the ETF has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Motley Fool 100 Index ETF to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.815 Buy Candidate Downgraded
Predicted Opening Price for Motley Fool 100 Index ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $50.59 ( 0.0579%) | $50.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TMFC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.79 | 0.341 % | |
| R2 | 50.72 | 0.189 % | ||
| R1 | 50.67 | 0.0945 % | ||
| Current price: | 50.62 | |||
| Support | S1 | 50.51 | -0.210 % | |
| S2 | 50.47 | -0.305 % | ||
| S3 | 50.39 | -0.457 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 50.62 | |||
| Support | S1 | 49.89 | -1.44% | |
| S2 | 49.46 | -2.29% | ||
| S3 | 47.32 | -6.52% |
TMFC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 13, 2023 | Dec 13, 2023 | Dec 13, 2023 | $0.0600 | 0.136% |
| 2 | Aug 25, 2023 | Aug 28, 2023 | Aug 30, 2023 | $0.0550 | 0.132% |
| 3 | Dec 13, 2022 | Dec 14, 2022 | Dec 16, 2022 | $0.0830 | 0.267% |
| 4 | Dec 14, 2021 | Dec 15, 2021 | Dec 17, 2021 | $0.102 | 0.238% |
| 5 | Dec 15, 2020 | Dec 16, 2020 | Dec 18, 2020 | $0.148 | 0.427% |
FAQ
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