Great Ajax Corp. 7.25% Convertible 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
Great Ajax Corp. 7.25% Convertible ETF downgraded to Hold/Accumulate
(Updated on Apr 23, 2024)
No changes to the price of Great Ajax Corp. 7.25% Convertible ETF on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the ETF fluctuated 0.0180% from a day low at $24.95 to a day high of $24.95. The price has fallen in 4 of the last 10 days but is still up by 0.04% over the past 2 weeks.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $24.90 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Great Ajax Corp. 7.25% Convertible ETF with a 90% probability to be traded between $25.00 and $25.43 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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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 $25.08. On a fall, the ETF will find some support from the short-term average at $24.95. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
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 $0.0045 between high and low, or 0.0180%. For the last week the ETF has had daily average volatility of 0.0557%
Our recommended stop-loss: $23.52 (-5.73%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (AJXA) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th 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 $24.90 and $25.00, which gives a possible trading interval of +/-$0.0506 (+/-0.20%) 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 0.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $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?
Great Ajax Corp. 7.25% Convertible 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.568 Hold/Accumulate Downgraded
Predicted Opening Price for Great Ajax Corp. 7.25% Convertible Senior Notes due 2024 of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$24.95 ( 0.0060%) | $24.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AJXA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.96 | 0.0240 % | |
R2 | 24.95 | 0.0172 % | ||
R1 | 24.95 | 0.0129 % | ||
Current price: | 24.95 | |||
Support | S1 | 24.95 | -0.0009 % | |
S2 | 24.95 | -0.0051 % | ||
S3 | 24.95 | -0.0120 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.24 | 1.16 % | |
R2 | 25.22 | 1.08 % | ||
R1 | 25.09 | 0.541 % | ||
Current price | 24.95 | |||
Support | S1 | 24.91 | -0.160% | |
S2 | 24.90 | -0.200% | ||
S3 | 24.88 | -0.281% |
AJXA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.453 | 1.82% |
2 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.453 | 1.82% |
3 | Sep 28, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.453 | 1.87% |
4 | Jun 29, 2023 | Jun 29, 2023 | Jul 15, 2023 | $0.453 | 1.84% |
5 | Jun 28, 2023 | Mar 31, 2023 | Apr 15, 2023 | $0.453 | 1.87% |
FAQ
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