PRINCIPAL EDGE ACTIVE INCOME ETF Forecast

Green day on Tuesday for PRINCIPAL EDGE ACTIVE INCOME
(Updated on Jun 25, 2024)

YLD Signals & Forecast

The PRINCIPAL EDGE ACTIVE INCOME 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 $19.07 and $19.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.19%. Further rise is indicated until a new top pivot has been found. 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. 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 also not. The ETF had a Golden Star Signal on Tuesday, June 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, September 07, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for PRINCIPAL EDGE ACTIVE INCOME ETF

PRINCIPAL EDGE ACTIVE INCOME finds support from accumulated volume at $19.10 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 $0.1000 between high and low, or 0.525%. For the last week the ETF has had daily average volatility of 0.665%

Our recommended stop-loss: $18.49 (-3.45%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 61 days ago.)

Trading Expectations (YLD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect PRINCIPAL EDGE ACTIVE INCOME ETF to open at $19.12, and during the day (based on 14 day Average True Range), to move between $19.03 and $19.27, which gives a possible trading interval of +/-$0.116 (+/-0.61%) up or down from last closing price. If PRINCIPAL EDGE ACTIVE INCOME ETF takes out the full calculated possible swing range there will be an estimated 1.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.16 (0.05%) than the support at $19.10 (0.26%), 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 PRINCIPAL EDGE ACTIVE INCOME ETF ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PRINCIPAL EDGE ACTIVE INCOME ETF to perform well in the short-term period.

Current score: 2.842 Buy Candidate Unchanged

Predicted Opening Price for PRINCIPAL EDGE ACTIVE INCOME ETF of Wednesday, June 26, 2024

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