Ft Cboe Vest U.s. Equity Enhance & ETF Forecast
Red day on Monday for Ft Cboe Vest U.s. Equity Enhance &
(Updated on Jun 24, 2024)
The Ft Cboe Vest U.s. Equity Enhance & ETF price fell by -0.0531% on the last day (Monday, 24th Jun 2024) from $37.67 to $37.65. During the last trading day the ETF fluctuated 0.159% from a day low at $37.65 to a day high of $37.71. The price has risen in 5 of the last 10 days and is up by 0.19% over the past 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 thousand shares were bought and sold for approximately $489.71 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ft Cboe Vest U.s. Equity Enhance & ETF with a 90% probability to be traded between $37.89 and $38.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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XSEP Signals & Forecast
The Ft Cboe Vest U.s. Equity Enhance & 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 $37.65. On a fall, the ETF will find some support from the long-term average at approximately $37.56. 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. 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 Monday, June 17, 2024, and so far it has fallen -0.0796%. Further fall is indicated until a new bottom pivot has been found. Ft Cboe Vest U.s. Equity Enhance & gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Ft Cboe Vest U.s. Equity Enhance & ETF
Ft Cboe Vest U.s. Equity Enhance & finds support from accumulated volume at $37.59 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 $0.0600 between high and low, or 0.159%. For the last week the ETF has had daily average volatility of 0.144%.
Our recommended stop-loss: $35.68 (-5.24%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (XSEP) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Ft Cboe Vest U.s. Equity Enhance & Moderate Buffer Etf - September to open at $37.67, and during the day (based on 14 day Average True Range), to move between $37.59 and $37.71, which gives a possible trading interval of +/-$0.0585 (+/-0.16%) up or down from last closing price. If Ft Cboe Vest U.s. Equity Enhance & Moderate Buffer Etf - September takes out the full calculated possible swing range there will be an estimated 0.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.66 (0.04%) than the support at $37.59 (0.16%), 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 Ft Cboe Vest U.s. Equity Enhance & Moderate Buffer Etf - September ETF A Buy?
Ft Cboe Vest U.s. Equity Enhance & holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.370 Hold/Accumulate Unchanged
Predicted Opening Price for Ft Cboe Vest U.s. Equity Enhance & Moderate Buffer Etf - September of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $37.67 ( 0.0531%) | $37.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XSEP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.73 | 0.212% |
| R2 | 37.71 | 0.152% |
| R1 | 37.69 | 0.114% |
| Price | 37.65 | |
| S1 | 37.65 | -0.0078% |
| S2 | 37.63 | -0.0454% |
| S3 | 37.61 | -0.106% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.68 | 0.0797% |
| R2 | 37.67 | 0.0531% |
| R1 | 37.66 | 0.0372% |
| Price | 37.65 | |
| S1 | 37.59 | -0.159% |
| S2 | 37.47 | -0.478% |
| S3 | 37.44 | -0.558% |
FAQ
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