Advisorshares Pure Cannabis Etf ETF Forecast
Red day on Tuesday for Advisorshares Pure Cannabis Etf
(Updated on Jun 25, 2024)
The Advisorshares Pure Cannabis Etf ETF price fell by -0.583% on the last day (Tuesday, 25th Jun 2024) from $3.43 to $3.41. During the last trading day the ETF fluctuated 1.48% from a day low at $3.38 to a day high of $3.43. The price has fallen in 6 of the last 10 days and is down by -7.34% for this period. Volume has increased on the last day by 4 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, 33 thousand shares were bought and sold for approximately $111.74 thousand.
The ETF lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.23 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -13.05% during the next 3 months and, with a 90% probability hold a price between $2.81 and $3.62 at the end of this 3-month period.
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YOLO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.49%. 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. The Advisorshares Pure Cannabis Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $3.76. On a fall, the ETF will find some support from the short-term average at $3.41. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Advisorshares Pure Cannabis Etf 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 Advisorshares Pure Cannabis Etf ETF
Advisorshares Pure Cannabis Etf finds support from accumulated volume at $3.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.0500 between high and low, or 1.48%. For the last week, the ETF has had daily average volatility of 2.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YOLO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Advisorshares Pure Cannabis Etf to open at $3.41, and during the day (based on 14 day Average True Range), to move between $3.28 and $3.54, which gives a possible trading interval of +/-$0.133 (+/-3.90%) up or down from last closing price. If Advisorshares Pure Cannabis Etf takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.36 (1.47%) than the resistance at $3.78 (10.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advisorshares Pure Cannabis Etf ETF A Buy?
Advisorshares Pure Cannabis Etf holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.697 Sell Candidate Unchanged
Predicted Opening Price for Advisorshares Pure Cannabis Etf of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$3.41 ( 0.0978%) | $3.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YOLO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.46 | 1.37% |
R2 | 3.44 | 0.81% |
R1 | 3.43 | 0.462% |
Price | 3.41 | |
S1 | 3.39 | -0.658% |
S2 | 3.38 | -1.00% |
S3 | 3.36 | -1.56% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.14 | 21.41% |
R2 | 4.08 | 19.65% |
R1 | 3.78 | 10.87% |
Price | 3.41 | |
S1 | 3.36 | -1.47% |
S2 | 0 | - |
S3 | 0 | - |
YOLO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.0281 | 0.689% |
2 | Dec 26, 2023 | Dec 26, 2023 | Dec 26, 2023 | $0.0080 | 0.260% |
3 | Sep 22, 2023 | Sep 25, 2023 | Sep 29, 2023 | $0.0056 | 0.164% |
4 | Apr 04, 2023 | Jun 22, 2023 | Jun 30, 2023 | $0.0110 | 0.428% |
5 | Mar 20, 2023 | Mar 21, 2023 | Mar 30, 2023 | $0.0110 | 0.379% |
FAQ
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