Simplify Volt RoboCar Disruption and ETF Forecast
Green day on Tuesday for Simplify Volt RoboCar Disruption and ETF after gaining 0.601%
(Updated on Jun 25, 2024)
The Simplify Volt RoboCar Disruption and ETF price gained 0.601% on the last trading day (Tuesday, 25th Jun 2024), rising from $10.81 to $10.88. During the last trading day the ETF fluctuated 0.334% from a day low at $10.84 to a day high of $10.88. The price has risen in 6 of the last 10 days and is up by 2.69% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 604 shares were bought and sold for approximately $6.57 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 9.03% during the next 3 months and, with a 90% probability hold a price between $10.64 and $12.18 at the end of this 3-month period.
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VCAR Signals & Forecast
The Simplify Volt RoboCar Disruption and ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $10.90. On a fall, the ETF will find some support from the long-term average at approximately $10.47. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, June 18, 2024, and so far it has fallen -2.13%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 $10.81 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 $0.0362 between high and low, or 0.334%. For the last week the ETF has had daily average volatility of 1.12%.
Our recommended stop-loss: $10.40 (-4.33%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (VCAR) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Simplify Volt RoboCar Disruption and Tech ETF to open at $10.86, and during the day (based on 14 day Average True Range), to move between $10.68 and $11.07, which gives a possible trading interval of +/-$0.190 (+/-1.75%) 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 3.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.88 (0.05%) than the support at $10.81 (0.60%), 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 Simplify Volt RoboCar Disruption and Tech ETF ETF A Buy?
Simplify Volt RoboCar Disruption and 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: 0.020 Hold/Accumulate Unchanged
Predicted Opening Price for Simplify Volt RoboCar Disruption and Tech ETF of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$10.86 ( 0.111%) | $10.88 |
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 | |
---|---|---|
R3 | 10.90 | 0.222% |
R2 | 10.89 | 0.0948% |
R1 | 10.88 | 0.0162% |
Price | 10.88 | |
S1 | 10.85 | -0.238% |
S2 | 10.84 | -0.317% |
S3 | 10.83 | -0.444% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.03 | 1.43% |
R2 | 10.95 | 0.690% |
R1 | 10.88 | 0.0460% |
Price | 10.88 | |
S1 | 10.81 | -0.598% |
S2 | 10.18 | -6.39% |
S3 | 9.92 | -8.78% |
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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