Esoterica Nextg Economy ETF Forecast

$61.92
-0.0593 (-0.0957%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Stronger technical forecast for Esoterica Nextg Economy ETF price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 04, 2024 Gain 25.45% PDF

The Esoterica Nextg Economy ETF price fell by -0.0957% on the last day (Thursday, 28th Mar 2024) from $61.98 to $61.92. During the last trading day the ETF fluctuated 1.18% from a day low at $61.75 to a day high of $62.48. The price has risen in 5 of the last 10 days and is up by 0.83% over the past 2 weeks. 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 -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately $157.96 thousand.

Given the current short-term trend, the ETF is expected to rise 25.86% during the next 3 months and, with a 90% probability hold a price between $77.93 and $83.88 at the end of this 3-month period.

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WUGI Signals & Forecast

The Esoterica Nextg Economy 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 $62.47. On a fall, the ETF will find some support from the long-term average at approximately $60.82. 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. 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 Thursday, March 07, 2024, and so far it has fallen -2.15%. 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.

Support, Risk & Stop-loss for Esoterica Nextg Economy ETF

Esoterica Nextg Economy finds support from accumulated volume at $60.20 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 $0.730 between high and low, or 1.18%. For the last week the ETF has had daily average volatility of 1.15%

Our recommended stop-loss: $59.32 (-4.19%) (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 (WUGI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Esoterica Nextg Economy ETF to open at $62.05, and during the day (based on 14 day Average True Range), to move between $60.71 and $63.13, which gives a possible trading interval of +/-$1.21 (+/-1.96%) up or down from last closing price. If Esoterica Nextg Economy ETF takes out the full calculated possible swing range there will be an estimated 3.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $61.96 (0.06%) than the support at $60.20 (2.78%), 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 Esoterica Nextg Economy ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Esoterica Nextg Economy ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.569 Buy Candidate Upgraded

Predicted Opening Price for Esoterica Nextg Economy ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$62.05 ( 0.209%) $61.92

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

Trading levels for WUGI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 62.78 1.39 %
R2 62.50 0.94 %
R1 62.33 0.660 %
Current price: 61.92
Support S1 61.77 -0.241 %
S2 61.60 -0.519 %
S3 61.32 -0.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 62.94 1.64 %
R2 62.51 0.95 %
R1 61.96 0.0641 %
Current price 61.92
Support S1 60.20 -2.78%
S2 57.97 -6.38%
S3 57.05 -7.87%

FAQ

What is the symbol for Esoterica Nextg Economy ETF ETF and on which exchange is it traded?
The symbol for Esoterica Nextg Economy ETF is WUGI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Esoterica Nextg Economy ETF ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Esoterica Nextg Economy ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Esoterica Nextg Economy ETF ETF?
Esoterica Nextg Economy ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Esoterica Nextg Economy ETF ETF.

What's the current price of Esoterica Nextg Economy ETF ETF?
As of the end of day on the 2024-03-28, the price of an Esoterica Nextg Economy ETF (WUGI) share was $61.92.

What is the 52-week high and low for Esoterica Nextg Economy ETF ETF?
The 52-week high for Esoterica Nextg Economy ETF ETF is $64.35 and the 52-week low is $35.87.

What is the market capitalization of Esoterica Nextg Economy ETF ETF?
As of the 2024-03-28, the market capitalization of Esoterica Nextg Economy ETF is 30.277M.
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