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Esoterica Nextg Economy ETF Forecast NASDAQ:WUGI

$65.90 (0.98%)

Volume: 619

Closed: Dec 08, 2021

Hollow Logo Score: -0.436

Esoterica Nextg Economy ETF Forecast

$65.90 (0.98%)

Volume: 619

Closed: Dec 08, 2021

Score Hollow Logo -0.436
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WUGI ETF Risk

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $1.15 between high and low, or 1.78%. For the last week the ETF has had a daily average volatility of 2.75%.

Our recommended stop-loss: $63.17 (-4.15%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 42 and the ETF is currently not being overbought or oversold

Esoterica Nextg Economy ETF upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Dec 08, 2021)


Hold candidate since 2021-12-08

The Esoterica Nextg Economy ETF price gained 0.98% on the last trading day (Wednesday, 8th Dec 2021), rising from $65.26 to $65.90. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the ETF fluctuated 1.78% from a day low at $64.76 to a day high of $65.91. The price has been going up and down for this period, and there has been a -0.2% loss for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 619 shares were bought and sold for approximately $40.79 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 strong 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 16.03% during the next 3 months and, with a 90% probability hold a price between $72.69 and $83.13 at the end of this 3-month period.

Signals & Forecast

The Esoterica Nextg Economy ETF holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $64.07 and $65.52. A breakdown below any of these levels will issue sell signals. 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, November 16, 2021, and so far it has fallen -4.89%. 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.

Support, Risk & Stop-loss

On the downside, the ETF finds support just below today's level from accumulated volume at $62.36 and $58.21. There is natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Esoterica Nextg Economy finds support just below today's level at $62.36. If this is broken, then the next support from accumulated volume will be at $58.21 and $55.43.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $1.15 between high and low, or 1.78%. For the last week the ETF has had a daily average volatility of 2.75%.

Our recommended stop-loss: $63.17 (-4.15%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)

Is Esoterica Nextg Economy ETF ETF A Buy?

Esoterica Nextg Economy 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.436

Predicted Opening Price for Esoterica Nextg Economy ETF of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$65.52 $65.90 (Overvalued)
Hold/Accumulate Upgraded

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Volatility and Risk
Daily Average Volatility: 2.75 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.75 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $66.80
Price: $65.90
Support: $62.36

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 66.68 1.18 %
66.24 0.51 %
65.96 0.0972 %
Current price: 65.90
Support 65.08 -1.24 %
64.81 -1.65 %
64.37 -2.32 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 68.32 3.67 %
67.99 3.16 %
66.80 1.37 %
Current price 65.90
Support 62.36 -5.38%
58.21 -11.67%
55.43 -15.89%

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