TrimTabs All Cap International ETF Forecast

TrimTabs All Cap International ETF price ended at $30.40 on Friday, after gaining 0.173%.
(Updated on May 17, 2024)

TTAI Signals & Forecast

The TrimTabs All Cap International 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 $30.11 and $29.41. 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 6.22%. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, May 02, 2024 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 TrimTabs All Cap International ETF

TrimTabs All Cap International finds support from accumulated volume at $29.69 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 $0.0700 between high and low, or 0.230%. For the last week the ETF has had daily average volatility of 0.276%

The TrimTabs All Cap International ETF is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken. Since the TrimTabs All Cap International 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: $28.92 (-4.88%) (This ETF has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (TTAI) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect TrimTabs All Cap International Free-Cash-Flow ETF to open at $30.42, and during the day (based on 14 day Average True Range), to move between $30.19 and $30.61, which gives a possible trading interval of +/-$0.211 (+/-0.69%) up or down from last closing price. If TrimTabs All Cap International Free-Cash-Flow ETF takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $30.43 (0.09%) than the support at $29.69 (2.34%), 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 International Free-Cash-Flow ETF ETF A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 1.382 Buy Candidate Unchanged

Predicted Opening Price for TrimTabs All Cap International Free-Cash-Flow ETF of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.