ClearBridge Dividend Strategy ESG 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
ClearBridge Dividend Strategy ESG ETF price up 0.626% on Thursday
(Updated on May 02, 2024)
The ClearBridge Dividend Strategy ESG ETF price gained 0.626% on the last trading day (Thursday, 2nd May 2024), rising from $45.10 to $45.38. During the last trading day the ETF fluctuated 0.664% from a day low at $45.13 to a day high of $45.43. The price has risen in 7 of the last 10 days and is up by 1.66% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 939 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $70.92 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ClearBridge Dividend Strategy ESG ETF with a 90% probability to be traded between $44.91 and $47.62 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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YLDE Signals & Forecast
There are mixed signals in the ETF today. The ClearBridge Dividend Strategy ESG ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $45.45 and $45.94. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.74%. 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). ClearBridge Dividend Strategy ESG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ClearBridge Dividend Strategy ESG ETF
ClearBridge Dividend Strategy ESG finds support from accumulated volume at $45.13 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 $0.300 between high and low, or 0.664%. For the last week the ETF has had daily average volatility of 0.393%.
Our recommended stop-loss: $42.83 (-5.61%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (YLDE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect ClearBridge Dividend Strategy ESG ETF to open at $45.31, and during the day (based on 14 day Average True Range), to move between $45.06 and $45.70, which gives a possible trading interval of +/-$0.321 (+/-0.71%) up or down from last closing price. If ClearBridge Dividend Strategy ESG ETF takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $45.13 (0.54%) than the resistance at $46.24 (1.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ClearBridge Dividend Strategy ESG ETF ETF A Buy?
ClearBridge Dividend Strategy ESG 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: 0.112 Hold/Accumulate Unchanged
Predicted Opening Price for ClearBridge Dividend Strategy ESG ETF of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $45.31 ( 0.143%) | $45.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YLDE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.61 | 0.518 % | |
| R2 | 45.50 | 0.265 % | ||
| R1 | 45.43 | 0.110 % | ||
| Current price: | 45.38 | |||
| Support | S1 | 45.20 | -0.395 % | |
| S2 | 45.13 | -0.551 % | ||
| S3 | 45.01 | -0.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.90 | 3.35 % | |
| R2 | 46.36 | 2.17 % | ||
| R1 | 46.24 | 1.89 % | ||
| Current price | 45.38 | |||
| Support | S1 | 45.13 | -0.545% | |
| S2 | 45.09 | -0.640% | ||
| S3 | 44.90 | -1.04% |
YLDE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 25, 2024 | Mar 28, 2024 | $0.169 | 0.359% |
| 2 | Dec 22, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.151 | 0.340% |
| 3 | Sep 25, 2023 | Sep 26, 2023 | Sep 29, 2023 | $0.203 | 0.503% |
| 4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.216 | 0.510% |
| 5 | Mar 27, 2023 | Mar 28, 2023 | Mar 31, 2023 | $0.160 | 0.403% |
FAQ
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