Acruence Active Hedge U.S. Equity ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Acruence Active Hedge U.S. Equity ETF downgraded from Strong Buy Candidate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Acruence Active Hedge U.S. Equity ETF price fell by -0.242% on the last day (Friday, 17th May 2024) from $20.64 to $20.59. During the last trading day the ETF fluctuated 0.659% from a day low at $20.49 to a day high of $20.62. The price has risen in 5 of the last 10 days and is up by 3.99% over the past 2 weeks. Volume has increased on the last day by 3 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, 8 thousand shares were bought and sold for approximately $174.15 thousand.
The ETF lies in the middle of a weak 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 3.02% during the next 3 months and, with a 90% probability hold a price between $20.30 and $21.61 at the end of this 3-month period.
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XVOL Signals & Forecast
The Acruence Active Hedge U.S. Equity 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 $20.40 and $20.08. 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 Thursday, May 16, 2024, and so far it has fallen -0.242%. Further fall is indicated until a new bottom pivot has been found. Acruence Active Hedge U.S. Equity 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".
A sell signal from a double top formation was found on Thursday, May 16, 2024 and based on theory for this formation the price should fall by -8.72% to $18.79 within 32 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Acruence Active Hedge U.S. Equity ETF
Acruence Active Hedge U.S. Equity finds support from accumulated volume at $20.55 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 $0.135 between high and low, or 0.659%. For the last week the ETF has had daily average volatility of 0.575%.
Our recommended stop-loss: $20.06 (-2.55%) (This ETF has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (XVOL) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Acruence Active Hedge U.S. Equity ETF to open at $20.56, and during the day (based on 14 day Average True Range), to move between $20.43 and $20.75, which gives a possible trading interval of +/-$0.158 (+/-0.77%) up or down from last closing price. If Acruence Active Hedge U.S. Equity ETF takes out the full calculated possible swing range there will be an estimated 1.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.60 (0.05%) than the support at $20.55 (0.18%), 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 Acruence Active Hedge U.S. Equity 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 Acruence Active Hedge U.S. Equity ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.725 Buy Candidate Downgraded
Predicted Opening Price for Acruence Active Hedge U.S. Equity ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $20.56 ( 0.122%) | $20.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XVOL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.70 | 0.534 % | |
| R2 | 20.65 | 0.283 % | ||
| R1 | 20.62 | 0.129 % | ||
| Current price: | 20.59 | |||
| Support | S1 | 20.51 | -0.372 % | |
| S2 | 20.48 | -0.526 % | ||
| S3 | 20.43 | -0.777 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.65 | 0.278 % | |
| R2 | 20.64 | 0.243 % | ||
| R1 | 20.60 | 0.0486 % | ||
| Current price | 20.59 | |||
| Support | S1 | 20.55 | -0.178% | |
| S2 | 20.42 | -0.83% | ||
| S3 | 19.19 | -6.80% |
XVOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.200 | 1.09% |
| 2 | Dec 22, 2022 | Dec 23, 2022 | Dec 28, 2022 | $0.493 | 2.89% |
| 3 | Dec 28, 2021 | Dec 29, 2021 | Dec 31, 2021 | $0.0660 | 0.295% |
FAQ
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