Texas Capital Texas Small Cap Equity ETF Forecast

Weaker technical forecast for Texas Capital Texas Small Cap Equity as ETF downgraded to Sell Candidate.
(Updated on Jun 17, 2024)

TXSS Signals & Forecast

Texas Capital Texas Small Cap Equity has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Texas Capital Texas Small Cap Equity ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.61 and $25.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -4.38%. 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).

Support, Risk & Stop-loss for Texas Capital Texas Small Cap Equity ETF

Texas Capital Texas Small Cap Equity finds support from accumulated volume at $25.49 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 $0.230 between high and low, or 0.91%. For the last week the ETF has had daily average volatility of 0.613%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TXSS) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Texas Capital Texas Small Cap Equity Index Etf to open at $25.45, and during the day (based on 14 day Average True Range), to move between $25.20 and $25.86, which gives a possible trading interval of +/-$0.331 (+/-1.29%) up or down from last closing price. If Texas Capital Texas Small Cap Equity Index Etf takes out the full calculated possible swing range there will be an estimated 2.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.49 (0.15%) than the resistance at $25.89 (1.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Texas Capital Texas Small Cap Equity Index Etf ETF A Buy?

The Texas Capital Texas Small Cap Equity ETF holds several negative signals and despite the positive trend, we believe Texas Capital Texas Small Cap Equity will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.688 Sell Candidate Downgraded

Predicted Opening Price for Texas Capital Texas Small Cap Equity Index Etf of Tuesday, June 18, 2024

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