ADVISORSHARES STAR GLOBAL BUY-WRITE ETF Forecast
Evaluation of ADVISORSHARES STAR GLOBAL BUY-WRITE ETF downgraded after the last trading session.
(Updated on Jun 20, 2024)
The ADVISORSHARES STAR GLOBAL BUY-WRITE ETF price fell by -0.119% on the last day (Thursday, 20th Jun 2024) from $42.05 to $42.00. During the last trading day the ETF fluctuated 0.501% from a day low at $41.86 to a day high of $42.07. The price has been going up and down for this period, and there has been a 0.72% gain for the last 2 weeks. Volume has increased on the last day by 899 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 $117.89 thousand.
The ETF lies in the upper part of a narrow and weak rising 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 $42.07 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.67% during the next 3 months and, with a 90% probability hold a price between $41.25 and $43.19 at the end of this 3-month period.
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VEGA Signals & Forecast
The ADVISORSHARES STAR GLOBAL BUY-WRITE 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 $41.81 and $41.20. 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 Tuesday, June 18, 2024, and so far it has fallen -0.119%. Further fall is indicated until a new bottom pivot has been found. ADVISORSHARES STAR GLOBAL BUY-WRITE 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".
Support, Risk & Stop-loss for ADVISORSHARES STAR GLOBAL BUY-WRITE ETF
ADVISORSHARES STAR GLOBAL BUY-WRITE finds support from accumulated volume at $41.48 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.210 between high and low, or 0.501%. For the last week the ETF has had daily average volatility of 0.657%.
Our recommended stop-loss: $40.90 (-2.61%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (VEGA) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect ADVISORSHARES STAR GLOBAL BUY-WRITE ETF to open at $41.98, and during the day (based on 14 day Average True Range), to move between $41.67 and $42.33, which gives a possible trading interval of +/-$0.334 (+/-0.79%) up or down from last closing price. If ADVISORSHARES STAR GLOBAL BUY-WRITE ETF takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.05 (0.12%) than the support at $41.48 (1.24%), 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 ADVISORSHARES STAR GLOBAL BUY-WRITE ETF ETF A Buy?
ADVISORSHARES STAR GLOBAL BUY-WRITE 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: 0.611 Hold/Accumulate Downgraded
Predicted Opening Price for ADVISORSHARES STAR GLOBAL BUY-WRITE ETF of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $41.98 ( 0.0556%) | $42.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VEGA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.19 | 0.444% |
| R2 | 42.11 | 0.253% |
| R1 | 42.06 | 0.135% |
| Price | 42.00 | |
| S1 | 41.90 | -0.247% |
| S2 | 41.85 | -0.364% |
| S3 | 41.77 | -0.555% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 42.05 | 0.119% |
| Price | 42.00 | |
| S1 | 41.48 | -1.24% |
| S2 | 40.45 | -3.69% |
| S3 | 40.21 | -4.27% |
VEGA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Dec 26, 2023 | Dec 26, 2023 | $0.439 | 1.13% |
| 2 | Dec 22, 2022 | Dec 23, 2022 | Dec 30, 2022 | $0.647 | 1.89% |
| 3 | Jan 23, 2020 | Dec 24, 2020 | Dec 31, 2020 | $0.105 | 0.285% |
| 4 | Dec 26, 2019 | Dec 27, 2019 | Dec 31, 2019 | $0.151 | 0.443% |
| 5 | Mar 24, 2018 | Dec 27, 2018 | Dec 31, 2018 | $0.129 | 0.450% |
FAQ
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