Smartshares US Large Growth ETF Stock Forecast

Smartshares US Large Growth ETF stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Apr 23, 2024)

USG.NZ Signals & Forecast

Smartshares US Large Growth 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Smartshares US Large Growth ETF stock 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 $10.55 and $10.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -4.76%. 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). The stock had a Golden Star Signal on Monday, November 06, 2023 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 stock in question.

Support, Risk & Stop-loss for Smartshares US Large Growth ETF stock

Smartshares US Large Growth ETF finds support from accumulated volume at $10.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0900 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 1.17%.

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

Trading Expectations (USG.NZ) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Smartshares US Large Growth ETF to open at $10.36, and during the day (based on 14 day Average True Range), to move between $10.22 and $10.54, which gives a possible trading interval of +/-$0.160 (+/-1.54%) up or down from last closing price. If Smartshares US Large Growth ETF takes out the full calculated possible swing range there will be an estimated 3.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.30 (0.74%) than the resistance at $10.60 (2.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Smartshares US Large Growth ETF stock A Buy?

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

Current score: -2.039 Sell Candidate Downgraded

Predicted Opening Price for Smartshares US Large Growth ETF of Wednesday, April 24, 2024

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