Smartshares US Large Value ETF Stock Forecast
Evaluation of Smartshares US Large Value ETF stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Smartshares US Large Value ETF stock price fell by -0.94% on the last day (Friday, 17th May 2024) from $5.31 to $5.26. During the last trading day the stock fluctuated 1.01% from a day low at $5.26 to a day high of $5.31. The price has fallen in 6 of the last 10 days but is still up by 0.32% over the past 2 weeks. Volume has increased on the last day by 3 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, 3 thousand shares were bought and sold for approximately $17.71 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.22 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.95% during the next 3 months and, with a 90% probability hold a price between $5.53 and $5.93 at the end of this 3-month period.
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USV.NZ Signals & Forecast
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. The Smartshares US Large Value ETF stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $5.28 and $5.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -3.17%. Further fall is indicated until a new bottom pivot has been found. Smartshares US Large Value 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Smartshares US Large Value ETF stock
Smartshares US Large Value ETF finds support from accumulated volume at $5.23 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 $0.0530 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (USV.NZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Smartshares US Large Value ETF to open at $5.27, and during the day (based on 14 day Average True Range), to move between $5.20 and $5.32, which gives a possible trading interval of +/-$0.0592 (+/-1.13%) up or down from last closing price. If Smartshares US Large Value ETF takes out the full calculated possible swing range there will be an estimated 2.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.27 (0.17%) than the support at $5.23 (0.46%), 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 Value ETF stock A Buy?
The Smartshares US Large Value ETF stock holds several negative signals and despite the positive trend, we believe Smartshares US Large Value 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 Buy to a Sell candidate.
Current score: -3.797 Sell Candidate Downgraded
Predicted Opening Price for Smartshares US Large Value ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $5.27 ( 0.336%) | $5.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USV.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.33 | 1.34 % | |
| R2 | 5.31 | 0.96 % | ||
| R1 | 5.29 | 0.721 % | ||
| Current price: | 5.26 | |||
| Support | S1 | 5.25 | -0.0491 % | |
| S2 | 5.24 | -0.287 % | ||
| S3 | 5.22 | -0.672 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.29 | 0.685 % | |
| R2 | 5.28 | 0.418 % | ||
| R1 | 5.27 | 0.171 % | ||
| Current price | 5.26 | |||
| Support | S1 | 5.23 | -0.457% | |
| S2 | 5.14 | -2.17% | ||
| S3 | 4.97 | -5.40% |
USV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0.0514 | 1.13% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | $0.0331 | 0.740% |
| 3 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | $0.0441 | 0.97% |
| 4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | $0.0549 | 1.25% |
| 5 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | $0.0409 | 0.99% |
FAQ
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