Han-gins Indxx Healthcare Megatrend 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 Han-gins Indxx Healthcare Megatrend ETF after losing 0.253%
(Updated on Jul 03, 2024)
The Han-gins Indxx Healthcare Megatrend ETF price fell by -0.253% on the last day (Wednesday, 3rd Jul 2024) from 6.33€ to 6.32€. It has now fallen 5 days in a row. During the last trading day the ETF fluctuated 0.667% from a day low at 6.30€ to a day high of 6.34€. The price has fallen in 7 of the last 10 days and is down by -1.48% for this period. 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 -370 shares and in total, 358 shares were bought and sold for approximately 2.26€ thousand.
The ETF lies in the middle of a 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 2.17% during the next 3 months and, with a 90% probability hold a price between 6.32€ and 6.78€ at the end of this 3-month period.
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W311.F Signals & Forecast
There are few to no technical positive signals at the moment. The Han-gins Indxx Healthcare Megatrend ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 6.40€ and 6.43€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -3.73%. 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 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.
Support, Risk & Stop-loss for Han-gins Indxx Healthcare Megatrend ETF
Han-gins Indxx Healthcare Megatrend finds support from accumulated volume at 6.26€ 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 therefore the general risk is considered very 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 0.0420€ between high and low, or 0.667%. For the last week the ETF has had daily average volatility of 0.88%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (W311.F) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Han-gins Indxx Healthcare Megatrend Equal Weight Ucits Etf to open at 6.32€, and during the day (based on 14 day Average True Range), to move between 6.25€ and 6.38€, which gives a possible trading interval of +/-0.0691€ (+/-1.09%) up or down from last closing price. If Han-gins Indxx Healthcare Megatrend Equal Weight Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 6.26€ (0.87%) than the resistance at 6.40€ (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Han-gins Indxx Healthcare Megatrend Equal Weight Ucits Etf ETF A Buy?
The Han-gins Indxx Healthcare Megatrend ETF holds several negative signals and despite the positive trend, we believe Han-gins Indxx Healthcare Megatrend will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.367 Sell Candidate Unchanged
Predicted Opening Price for Han-gins Indxx Healthcare Megatrend Equal Weight Ucits Etf of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| 6.32€ ( 0.0106%) | 6.32€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for W311.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.36 | 0.676% |
| R2 | 6.34 | 0.422% |
| R1 | 6.33 | 0.265% |
| Price | 6.32 | |
| S1 | 6.30 | -0.244% |
| S2 | 6.29 | -0.400% |
| S3 | 6.27 | -0.655% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.43 | 1.77% |
| R2 | 6.41 | 1.50% |
| R1 | 6.40 | 1.36% |
| Price | 6.32 | |
| S1 | 6.26 | -0.87% |
| S2 | 6.17 | -2.30% |
| S3 | 6.07 | -3.88% |
FAQ
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