Procure Space ETF Forecast
Green day on Friday for Procure Space
(Updated on May 17, 2024)
The Procure Space ETF price gained 0.743% on the last trading day (Friday, 17th May 2024), rising from $16.15 to $16.27. During the last trading day the ETF fluctuated 1.68% from a day low at $16.11 to a day high of $16.38. The price has risen in 5 of the last 10 days and is up by 3.83% 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, 4 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $98.51 thousand.
Given the current short-term trend, the ETF is expected to fall -9.97% during the next 3 months and, with a 90% probability hold a price between $13.03 and $14.65 at the end of this 3-month period. 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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UFO Signals & Forecast
Mostly positive signals in the chart today. The Procure Space 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 $15.89 and $15.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.68%. 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). Procure Space 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.
Support, Risk & Stop-loss for Procure Space ETF
Procure Space finds support from accumulated volume at $16.19 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 $0.270 between high and low, or 1.68%. For the last week the ETF has had daily average volatility of 1.43%.
Our recommended stop-loss: $15.40 (-5.37%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (UFO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Procure Space ETF to open at $16.25, and during the day (based on 14 day Average True Range), to move between $16.03 and $16.51, which gives a possible trading interval of +/-$0.240 (+/-1.48%) up or down from last closing price. If Procure Space ETF takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.19 (0.52%) than the resistance at $16.61 (2.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Procure Space ETF ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
Current score: 3.473 Buy Candidate Unchanged
Predicted Opening Price for Procure Space ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$16.25 ( 0.102%) | $16.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UFO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.52 | 1.56 % | |
R2 | 16.42 | 0.92 % | ||
R1 | 16.36 | 0.531 % | ||
Current price: | 16.27 | |||
Support | S1 | 16.15 | -0.736 % | |
S2 | 16.09 | -1.13 % | ||
S3 | 15.98 | -1.76 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.07 | 4.92 % | |
R2 | 16.97 | 4.30 % | ||
R1 | 16.61 | 2.09 % | ||
Current price | 16.27 | |||
Support | S1 | 16.19 | -0.522% | |
S2 | 15.64 | -3.87% | ||
S3 | 15.34 | -5.72% |
UFO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Jan 03, 2024 | $0.0433 | 0.242% |
2 | Sep 26, 2023 | Sep 27, 2023 | Sep 29, 2023 | $0.106 | 0.632% |
3 | Jun 27, 2023 | Jun 28, 2023 | Jun 30, 2023 | $0.140 | 0.731% |
4 | Mar 28, 2023 | Mar 29, 2023 | Mar 31, 2023 | $0.0660 | 0.346% |
5 | Dec 28, 2022 | Dec 29, 2022 | Jan 03, 2023 | $0.138 | 0.709% |
FAQ
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