TrimTabs All Cap U.S. Free-Cash-Flow ETF Forecast
TrimTabs All Cap U.S. Free-Cash-Flow ETF price ended at $60.35 on Friday, after losing 0.0398%.
(Updated on May 17, 2024)
The TrimTabs All Cap U.S. Free-Cash-Flow ETF price fell by -0.0398% on the last day (Friday, 17th May 2024) from $60.37 to $60.35. During the last trading day the ETF fluctuated 0.149% from a day low at $60.26 to a day high of $60.35. The price has risen in 6 of the last 10 days and is up by 3.09% over the past 2 weeks. Volume has increased on the last day by 252 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, 8 thousand shares were bought and sold for approximately $487.27 thousand.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $60.47 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect TrimTabs All Cap U.S. Free-Cash-Flow ETF with a 90% probability to be traded between $56.09 and $59.72 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TTAC Signals & Forecast
The TrimTabs All Cap U.S. Free-Cash-Flow 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 $59.91 and $58.90. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.244%. Further fall is indicated until a new bottom pivot has been found. TrimTabs All Cap U.S. Free-Cash-Flow 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 Monday, October 09, 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 Monday, October 09, 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.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -10.15% to $54.23 within 38 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for TrimTabs All Cap U.S. Free-Cash-Flow ETF
TrimTabs All Cap U.S. Free-Cash-Flow finds support from accumulated volume at $59.92 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 0.149%. For the last week the ETF has had daily average volatility of 0.340%.
Our recommended stop-loss: $58.72 (-2.71%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TTAC) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect TrimTabs All Cap U.S. Free-Cash-Flow ETF to open at $60.32, and during the day (based on 14 day Average True Range), to move between $59.89 and $60.81, which gives a possible trading interval of +/-$0.459 (+/-0.76%) up or down from last closing price. If TrimTabs All Cap U.S. Free-Cash-Flow ETF takes out the full calculated possible swing range there will be an estimated 1.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $60.50 (0.25%) than the support at $59.92 (0.71%), 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 TrimTabs All Cap U.S. Free-Cash-Flow ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for TrimTabs All Cap U.S. Free-Cash-Flow ETF to perform well in the short-term period.
Current score: 1.861 Buy Candidate Unchanged
Predicted Opening Price for TrimTabs All Cap U.S. Free-Cash-Flow ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $60.32 ( 0.0497%) | $60.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTAC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.41 | 0.0994 % | |
| R2 | 60.38 | 0.0425 % | ||
| R1 | 60.35 | 0.0073 % | ||
| Current price: | 60.35 | |||
| Support | S1 | 60.29 | -0.107 % | |
| S2 | 60.26 | -0.142 % | ||
| S3 | 60.23 | -0.199 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.76 | 0.679 % | |
| R2 | 60.74 | 0.646 % | ||
| R1 | 60.50 | 0.249 % | ||
| Current price | 60.35 | |||
| Support | S1 | 59.92 | -0.713% | |
| S2 | 59.88 | -0.779% | ||
| S3 | 59.05 | -2.16% |
TTAC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2024 | Mar 05, 2024 | Mar 07, 2024 | $0.0861 | 0.144% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.110 | 0.196% |
| 3 | Sep 05, 2023 | Sep 06, 2023 | Sep 08, 2023 | $0.113 | 0.214% |
| 4 | Jun 02, 2023 | Jun 05, 2023 | Jun 07, 2023 | $0.136 | 0.269% |
| 5 | Mar 02, 2023 | Mar 03, 2023 | Mar 07, 2023 | $0.176 | 0.368% |
FAQ
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