RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ALT.L
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Green day on Wednesday for iShares Diversified Alternatives Trust
(Updated on Mar 27, 2024)

Hold candidate since Mar 25, 2024 Gain 3.33% PDF

The iShares Diversified Alternatives Trust stock price gained 3.33% on the last trading day (Wednesday, 27th Mar 2024), rising from £30.00 to £31.00. During the last trading day the stock fluctuated 6.32% from a day low at £29.72 to a day high of £31.60. The price has been going up and down for this period, and there has been a 5.08% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately £789.17 thousand.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £32.05 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.73% during the next 3 months and, with a 90% probability hold a price between £21.43 and £27.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ALT.L Signals & Forecast

The iShares Diversified Alternatives Trust stock 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 £29.85 and £29.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 6.90%. Further rise is indicated until a new top pivot has been found. iShares Diversified Alternatives Trust 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for iShares Diversified Alternatives Trust stock

iShares Diversified Alternatives Trust finds support from accumulated volume at £30.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £1.88 between high and low, or 6.32%. For the last week, the stock has had daily average volatility of 3.69%.

The iShares Diversified Alternatives Trust stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: £29.64 (-4.39%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (ALT.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect iShares Diversified Alternatives Trust ETF to open at £30.77, and during the day (based on 14 day Average True Range), to move between £29.85 and £32.15, which gives a possible trading interval of +/-£1.15 (+/-3.71%) up or down from last closing price. If iShares Diversified Alternatives Trust ETF takes out the full calculated possible swing range there will be an estimated 7.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £30.50 (1.61%) than the resistance at £32.00 (3.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is iShares Diversified Alternatives Trust ETF stock A Buy?

iShares Diversified Alternatives Trust 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: 0.915 Hold/Accumulate Unchanged

Predicted Opening Price for iShares Diversified Alternatives Trust ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£30.77 ( 0.729%) £31.00

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

Trading levels for ALT.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 32.65 5.33 %
R2 31.93 3.01 %
R1 31.49 1.59 %
Current price: 31.00
Support S1 30.06 -3.04 %
S2 29.61 -4.47 %
S3 28.90 -6.79 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 36.00 16.13 %
R2 33.50 8.06 %
R1 32.00 3.23 %
Current price 31.00
Support S1 30.50 -1.61%
S2 29.50 -4.84%
S3 28.00 -9.68%

FAQ

What is the symbol for iShares Diversified Alternatives Trust ETF Stock and on which exchange is it traded?
The symbol for iShares Diversified Alternatives Trust ETF is ALT.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell iShares Diversified Alternatives Trust ETF Stock?
iShares Diversified Alternatives Trust 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.

How to buy iShares Diversified Alternatives Trust ETF Stock?
iShares Diversified Alternatives Trust ETF Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy iShares Diversified Alternatives Trust ETF Stock.

What's the current price of iShares Diversified Alternatives Trust ETF Stock?
As of the end of day on the 2024-03-27, the price of an iShares Diversified Alternatives Trust ETF (ALT.L) share was £31.00.

What is the 52-week high and low for iShares Diversified Alternatives Trust ETF Stock?
The 52-week high for iShares Diversified Alternatives Trust ETF Stock is £53.00 and the 52-week low is £27.00.

What is the market capitalization of iShares Diversified Alternatives Trust ETF Stock?
As of the 2024-03-27, the market capitalization of iShares Diversified Alternatives Trust ETF is 22.052M.

When is the next earnings date for iShares Diversified Alternatives Trust ETF?
The upcoming earnings date for iShares Diversified Alternatives Trust ETF is Jul 23, 2024.
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About iShares Diversified Alternatives Trust ETF

iShares Diversified Alternatives Trust ETF Altitude Group plc provides technology and information solutions in North America and the United Kingdom. The company offers patented technology platform to its network with a built-in supply chain, as well as combines an e-commerce trading platform with a cloud-based CRM and order management system for business intelligence requirements; e-commerce website solutions with in-built patented online designer and pre-loaded product databases; patente... ALT.L Profile

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