Smartshares US Large Growth ETF Stock Forecast

Red day on Friday for Smartshares US Large Growth ETF
(Updated on May 03, 2024)

USG.NZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.03%. Further rise is indicated until a new top pivot has been found. 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 $10.64. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 $10.47 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.105 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 1.15%

Our recommended stop-loss: $9.92 (-5.79%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (USG.NZ) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Smartshares US Large Growth ETF to open at $10.53, and during the day (based on 14 day Average True Range), to move between $10.38 and $10.68, which gives a possible trading interval of +/-$0.150 (+/-1.43%) 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 2.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.54 (0.07%) than the support at $10.47 (0.57%), 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 Smartshares US Large Growth ETF stock A Buy?

Smartshares US Large Growth ETF holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.167 Hold/Accumulate Unchanged

Predicted Opening Price for Smartshares US Large Growth ETF of Monday, May 6, 2024

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