Horizons 0-3 Month U.s. T-bill Etf ETF Forecast
Horizons 0-3 Month U.s. T-bill Etf ETF upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Horizons 0-3 Month U.s. T-bill Etf ETF price gained 0.0299% on the last trading day (Tuesday, 25th Jun 2024), rising from $50.13 to $50.15. During the last trading day the ETF fluctuated 0.0100% from a day low at $50.14 to a day high of $50.15. The price has risen in 5 of the last 10 days and is up by 0.19% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $244.81 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Horizons 0-3 Month U.s. T-bill Etf ETF with a 90% probability to be traded between $50.04 and $50.25 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.
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UBIL-U.TO Signals & Forecast
Mostly positive signals in the chart today. The Horizons 0-3 Month U.s. T-bill Etf 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 $50.11 and $50.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 0.330%. 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). Horizons 0-3 Month U.s. T-bill Etf 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. Higher liquidity also reduces the general risk. The ETF had a Golden Star Signal on Thursday, May 16, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, May 16, 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 Horizons 0-3 Month U.s. T-bill Etf ETF
Horizons 0-3 Month U.s. T-bill Etf finds support from accumulated volume at $50.12 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 $0.0050 between high and low, or 0.0100%. For the last week the ETF has had daily average volatility of 0.0180%.
The Horizons 0-3 Month U.s. T-bill Etf ETF is extremely overbought on RSI14 (94). This increases the short-term risk substantially.
Our recommended stop-loss: $46.87 (-6.54%) (This ETF has low daily movements and this gives low risk. The RSI14 is 94 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (UBIL-U.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Horizons 0-3 Month U.s. T-bill Etf to open at $50.14, and during the day (based on 14 day Average True Range), to move between $50.12 and $50.17, which gives a possible trading interval of +/-$0.0212 (+/-0.04%) up or down from last closing price. If Horizons 0-3 Month U.s. T-bill Etf takes out the full calculated possible swing range there will be an estimated 0.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.16 (0.03%) than the support at $50.12 (0.05%), 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 Horizons 0-3 Month U.s. T-bill 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 Horizons 0-3 Month U.s. T-bill Etf ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.746 Buy Candidate Upgraded
Predicted Opening Price for Horizons 0-3 Month U.s. T-bill Etf of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$50.14 ( 0.0033%) | $50.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBIL-U.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 50.15 | 0.0066% |
R2 | 50.15 | 0.0028% |
R1 | 50.15 | 0.0005% |
Price | 50.15 | |
S1 | 50.14 | -0.0071% |
S2 | 50.14 | -0.0095% |
S3 | 50.14 | -0.0133% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 50.18 | 0.0698% |
R2 | 50.17 | 0.0499% |
R1 | 50.16 | 0.0299% |
Price | 50.15 | |
S1 | 50.12 | -0.0499% |
S2 | 50.11 | -0.0698% |
S3 | 50.00 | -0.289% |
FAQ
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