Simplify Volt RoboCar Disruption and ETF Forecast
Evaluation of Simplify Volt RoboCar Disruption and ETF downgraded after the last trading session.
(Updated on May 24, 2024)
The Simplify Volt RoboCar Disruption and ETF price fell by -0.287% on the last day (Friday, 24th May 2024) from $10.46 to $10.43. During the last trading day the ETF fluctuated 2.09% from a day low at $10.27 to a day high of $10.49. The price has risen in 7 of the last 10 days and is up by 6.32% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -1 thousand shares and in total, 901 shares were bought and sold for approximately $9.40 thousand.
The ETF lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $10.45 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -5.60% during the next 3 months and, with a 90% probability hold a price between $8.35 and $9.87 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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VCAR Signals & Forecast
The Simplify Volt RoboCar Disruption and 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 $10.32 and $9.95. 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 Thursday, May 23, 2024, and so far it has fallen -0.287%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, May 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.
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 ETF in question.
Golden Star
The ETF had a Golden Star Signal on Tuesday, May 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.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 ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, May 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.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 ETF in question.
Support, Risk & Stop-loss for Simplify Volt RoboCar Disruption and ETF
Simplify Volt RoboCar Disruption and finds support from accumulated volume at $10.39 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved $0.215 between high and low, or 2.09%. For the last week the ETF has had daily average volatility of 1.61%.
Our recommended stop-loss: $10.03 (-3.81%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (VCAR) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Simplify Volt RoboCar Disruption and Tech ETF to open at $10.40, and during the day (based on 14 day Average True Range), to move between $10.22 and $10.64, which gives a possible trading interval of +/-$0.208 (+/-1.99%) up or down from last closing price. If Simplify Volt RoboCar Disruption and Tech ETF takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.39 (0.38%) than the resistance at $10.50 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Simplify Volt RoboCar Disruption and Tech ETF ETF A Buy?
Simplify Volt RoboCar Disruption and 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: 0.319 Hold/Accumulate Downgraded
Predicted Opening Price for Simplify Volt RoboCar Disruption and Tech ETF of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $10.40 ( 0.336%) | $10.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VCAR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.61 | 1.73 % | |
| R2 | 10.53 | 0.94 % | ||
| R1 | 10.48 | 0.452 % | ||
| Current price: | 10.43 | |||
| Support | S1 | 10.31 | -1.12 % | |
| S2 | 10.26 | -1.61 % | ||
| S3 | 10.18 | -2.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.69 | 2.49 % | |
| R2 | 10.64 | 2.01 % | ||
| R1 | 10.50 | 0.671 % | ||
| Current price | 10.43 | |||
| Support | S1 | 10.39 | -0.384% | |
| S2 | 10.18 | -2.40% | ||
| S3 | 9.92 | -4.89% |
VCAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2022 | Mar 28, 2022 | Mar 31, 2022 | $0.0500 | 0.349% |
FAQ
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