Great Ajax Corp. 7.25% Convertible ETF Forecast

Red day on Friday for Great Ajax Corp. 7.25% Convertible ETF after losing 0.0801%
(Updated on Apr 19, 2024)

AJXA Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 0.281%. 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 Great Ajax Corp. 7.25% Convertible 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 $25.09. On a fall, the ETF will find some support from the short-term average at $24.94. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Great Ajax Corp. 7.25% Convertible ETF

Great Ajax Corp. 7.25% Convertible finds support from accumulated volume at $24.91 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 $0.0100 between high and low, or 0.0401%. For the last week the ETF has had daily average volatility of 0.168%

Our recommended stop-loss: $23.49 (-5.86%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (AJXA) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Great Ajax Corp. 7.25% Convertible Senior Notes due 2024 to open at $24.95, and during the day (based on 14 day Average True Range), to move between $24.89 and $25.01, which gives a possible trading interval of +/-$0.0579 (+/-0.23%) up or down from last closing price. If Great Ajax Corp. 7.25% Convertible Senior Notes due 2024 takes out the full calculated possible swing range there will be an estimated 0.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $24.91 (0.16%) than the resistance at $25.09 (0.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Great Ajax Corp. 7.25% Convertible Senior Notes due 2024 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 Great Ajax Corp. 7.25% Convertible ETF to perform well in the short-term period.

Current score: 1.448 Buy Candidate Unchanged

Predicted Opening Price for Great Ajax Corp. 7.25% Convertible Senior Notes due 2024 of Monday, April 22, 2024

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