ADVISORSHARES STAR GLOBAL BUY-WRITE ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for ADVISORSHARES STAR GLOBAL BUY-WRITE
(Updated on Jun 26, 2024)
The ADVISORSHARES STAR GLOBAL BUY-WRITE ETF price fell by -0.191% on the last day (Wednesday, 26th Jun 2024) from $41.87 to $41.79. During the last trading day the ETF fluctuated 0.264% from a day low at $41.68 to a day high of $41.79. The price has been going up and down for this period, and there has been a 1.1% gain for the last 2 weeks. Volume has increased on the last day by 118 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 $125.41 thousand.
The ETF lies in the middle of a narrow 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 3.74% during the next 3 months and, with a 90% probability hold a price between $42.09 and $43.75 at the end of this 3-month period.
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VEGA Signals & Forecast
The ADVISORSHARES STAR GLOBAL BUY-WRITE 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 $41.94. On a fall, the ETF will find some support from the long-term average at approximately $41.38. 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. 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 -0.618%. 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 $0.110 between high and low, or 0.264%. For the last week the ETF has had daily average volatility of 0.317%.
Our recommended stop-loss: $40.55 (-2.97%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (VEGA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect ADVISORSHARES STAR GLOBAL BUY-WRITE ETF to open at $41.75, and during the day (based on 14 day Average True Range), to move between $41.50 and $42.08, which gives a possible trading interval of +/-$0.287 (+/-0.69%) 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 1.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.87 (0.19%) than the support at $41.48 (0.74%), 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.
Current score: -0.081 Hold/Accumulate Unchanged
Predicted Opening Price for ADVISORSHARES STAR GLOBAL BUY-WRITE ETF of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$41.75 ( 0.0877%) | $41.79 |
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 | 41.86 | 0.175% |
R2 | 41.82 | 0.0749% |
R1 | 41.80 | 0.0128% |
Price | 41.79 | |
S1 | 41.71 | -0.188% |
S2 | 41.69 | -0.250% |
S3 | 41.64 | -0.351% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 42.00 | 0.503% |
R2 | 41.93 | 0.335% |
R1 | 41.87 | 0.191% |
Price | 41.79 | |
S1 | 41.48 | -0.742% |
S2 | 40.45 | -3.21% |
S3 | 40.21 | -3.79% |
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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