WBI BullBear Yield 3000 ETF Forecast
WBI BullBear Yield 3000 ETF price up 0.376% on Friday
(Updated on Jun 28, 2024)
The WBI BullBear Yield 3000 ETF price gained 0.376% on the last trading day (Friday, 28th Jun 2024), rising from $23.92 to $24.01. During the last trading day the ETF fluctuated 0.108% from a day low at $23.99 to a day high of $24.02. The price has risen in 6 of the last 10 days and is up by 0.21% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $49.00 thousand.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.36% during the next 3 months and, with a 90% probability hold a price between $22.84 and $23.75 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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WBIG Signals & Forecast
There are mixed signals in the ETF today. The WBI BullBear Yield 3000 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 $24.05 and $24.18. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). WBI BullBear Yield 3000 has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 6.27% to $25.52 within 18 trading days since signal was issued (Tuesday, June 25, 2024).
Support, Risk & Stop-loss for WBI BullBear Yield 3000 ETF
WBI BullBear Yield 3000 finds support from accumulated volume at $23.95 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 $0.0260 between high and low, or 0.108%. For the last week the ETF has had daily average volatility of 0.315%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WBIG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect WBI BullBear Yield 3000 ETF to open at $24.01, and during the day (based on 14 day Average True Range), to move between $23.86 and $24.16, which gives a possible trading interval of +/-$0.149 (+/-0.62%) up or down from last closing price. If WBI BullBear Yield 3000 ETF takes out the full calculated possible swing range there will be an estimated 1.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.95 (0.25%) than the resistance at $24.12 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is WBI BullBear Yield 3000 ETF ETF A Buy?
WBI BullBear Yield 3000 holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.927 Sell Candidate Unchanged
Predicted Opening Price for WBI BullBear Yield 3000 ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $24.01 ( 0.0192%) | $24.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WBIG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.03 | 0.0891% |
| R2 | 24.02 | 0.0478% |
| R1 | 24.02 | 0.0222% |
| Price | 24.01 | |
| S1 | 24.00 | -0.0605% |
| S2 | 23.99 | -0.0861% |
| S3 | 23.98 | -0.127% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.40 | 1.62% |
| R2 | 24.24 | 0.97% |
| R1 | 24.12 | 0.459% |
| Price | 24.01 | |
| S1 | 23.95 | -0.249% |
| S2 | 23.88 | -0.541% |
| S3 | 23.78 | -0.96% |
WBIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 26, 2024 | Mar 28, 2024 | $0.0683 | 0.268% |
| 2 | Feb 26, 2024 | Feb 27, 2024 | Feb 29, 2024 | $0.0265 | 0.109% |
| 3 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.0710 | 0.307% |
| 4 | Nov 28, 2023 | Nov 28, 2023 | Nov 28, 2023 | $0.0500 | 0.228% |
| 5 | Oct 26, 2023 | Oct 27, 2023 | Oct 31, 2023 | $0.0040 | 0.0189% |
FAQ
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