Fundx Investment Trust ETF Forecast
Fundx Investment Trust ETF upgraded to Buy Candidate.
(Updated on Jul 03, 2024)
No changes to the price of Fundx Investment Trust ETF on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the ETF fluctuated 0% from a day low at $42.18 to a day high of $42.18. The price has been going up and down for this period, and there has been a 0.03% gain for the last 2 weeks.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $42.06 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 4.83% during the next 3 months and, with a 90% probability hold a price between $44.09 and $44.84 at the end of this 3-month period.
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XRLX Signals & Forecast
The Fundx Investment Trust ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $42.08 and $41.54. A breakdown below any of these levels will issue sell signals. 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, July 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Fundx Investment Trust ETF
Fundx Investment Trust finds support from accumulated volume at $42.17 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0104%
The Fundx Investment Trust ETF is extremely overbought on RSI14 (88). This increases the short-term risk substantially.
Our recommended stop-loss: $40.82 (-3.24%) (This ETF has low daily movements and this gives low risk. The RSI14 is 88 and this increases the risk substantially. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (XRLX) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Fundx Investment Trust to open at $42.18, and during the day (based on 14 day Average True Range), to move between $42.05 and $42.32, which gives a possible trading interval of +/-$0.133 (+/-0.32%) up or down from last closing price. If Fundx Investment Trust takes out the full calculated possible swing range there will be an estimated 0.63% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $42.17, some $0.0119 (0.03%) from the current price of $42.18, our system finds the risk reward attractive.
Is Fundx Investment Trust 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 Fundx Investment Trust 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: 1.792 Buy Candidate Upgraded
Predicted Opening Price for Fundx Investment Trust of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$42.18 ( 0%) | $42.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XRLX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 42.18 | - |
R2 | 42.18 | - |
R1 | 42.18 | - |
Price | 42.18 | |
S1 | 42.18 | - |
S2 | 42.18 | - |
S3 | 42.18 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 42.18 | |
S1 | 42.17 | -0.0282% |
S2 | 42.01 | -0.407% |
S3 | 40.63 | -3.68% |
XRLX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 28, 2023 | Jan 02, 2024 | $0.635 | 1.69% |
FAQ
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