Sgi Enhanced Core Etf ETF Forecast
Evaluation of Sgi Enhanced Core Etf ETF downgraded after the last trading session.
(Updated on Jun 17, 2024)
The Sgi Enhanced Core Etf ETF price fell by -0.0391% on the last day (Monday, 17th Jun 2024) from $25.55 to $25.54. During the last trading day the ETF fluctuated 0.235% from a day low at $25.50 to a day high of $25.56. The price has risen in 6 of the last 10 days and is up by 0.35% over the past 2 weeks. Volume has increased on the last day by 31 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 51 thousand shares were bought and sold for approximately $1.30 million.
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 Sgi Enhanced Core Etf ETF with a 90% probability to be traded between $25.98 and $26.04 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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USDX Signals & Forecast
The Sgi Enhanced Core 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 $25.51 and $25.40. A breakdown below any of these levels will issue sell signals. 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 Friday, June 14, 2024, and so far it has fallen -0.0391%. Further fall is indicated until a new bottom pivot has been found. Sgi Enhanced Core Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Sgi Enhanced Core Etf ETF
Sgi Enhanced Core Etf finds support from accumulated volume at $25.19 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 $0.0600 between high and low, or 0.235%. For the last week the ETF has had daily average volatility of 0.203%.
Our recommended stop-loss: $24.33 (-4.73%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (USDX) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Sgi Enhanced Core Etf to open at $25.53, and during the day (based on 14 day Average True Range), to move between $25.48 and $25.60, which gives a possible trading interval of +/-$0.0611 (+/-0.24%) up or down from last closing price. If Sgi Enhanced Core Etf takes out the full calculated possible swing range there will be an estimated 0.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.55 (0.04%) than the support at $25.19 (1.37%), 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 Sgi Enhanced Core Etf ETF A Buy?
Sgi Enhanced Core Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.134 Hold/Accumulate Downgraded
Predicted Opening Price for Sgi Enhanced Core Etf of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $25.53 ( 0.0261%) | $25.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USDX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.59 | 0.209% |
| R2 | 25.57 | 0.119% |
| R1 | 25.56 | 0.0636% |
| Price | 25.54 | |
| S1 | 25.51 | -0.116% |
| S2 | 25.50 | -0.171% |
| S3 | 25.47 | -0.261% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 25.55 | 0.0392% |
| Price | 25.54 | |
| S1 | 25.19 | -1.37% |
| S2 | 25.18 | -1.41% |
| S3 | 25.08 | -1.80% |
FAQ
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