Stf Tactical Growth Etf ETF Forecast

Green day on Tuesday for Stf Tactical Growth Etf
(Updated on Jun 25, 2024)

TUG Signals & Forecast

The Stf Tactical Growth Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $34.45. On a fall, the ETF will find some support from the long-term average at approximately $32.96. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, June 17, 2024, and so far it has fallen -1.01%. Further fall is indicated until a new bottom pivot has been found. 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 also not.

Support, Risk & Stop-loss for Stf Tactical Growth Etf ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $32.56 and $32.51. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Stf Tactical Growth Etf finds support just below today's level at $32.56. If this is broken, then the next support from accumulated volume will be at $32.51 and $31.23.

In general the ETF tends to have controlled movements and therefore the general risk is considered 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 $0.290 between high and low, or 0.85%. For the last week the ETF has had daily average volatility of 0.708%.

Our recommended stop-loss: $33.24 (-3.48%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (TUG) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Stf Tactical Growth Etf to open at $34.34, and during the day (based on 14 day Average True Range), to move between $34.11 and $34.77, which gives a possible trading interval of +/-$0.326 (+/-0.95%) up or down from last closing price. If Stf Tactical Growth Etf takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $34.52 (0.23%) than the support at $32.56 (5.46%), 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 Stf Tactical Growth Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Stf Tactical Growth Etf ETF to perform well in the short-term.

Current score: 3.143 Buy Candidate Unchanged

Predicted Opening Price for Stf Tactical Growth Etf of Wednesday, June 26, 2024

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