iShares Diversified Alternatives Trust Stock 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
iShares Diversified Alternatives Trust stock price up 0.690% on Thursday
(Updated on Apr 18, 2024)
The iShares Diversified Alternatives Trust stock price gained 0.690% on the last trading day (Thursday, 18th Apr 2024), rising from £29.00 to £29.20. During the last trading day the stock fluctuated 0% from a day low at £29.20 to a day high of £29.20. The price has fallen in 4 of the last 10 days but is still up by 0.69% over the past 2 weeks. Volume fell on the last day by -226 thousand shares and in total, 4 thousand shares were bought and sold for approximately £107.87 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a 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 £29.37 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 -14.38% during the next 3 months and, with a 90% probability hold a price between £20.75 and £25.15 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
There are few to no technical positive signals at the moment. The iShares Diversified Alternatives Trust stock 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £29.60. On a fall, the stock will find some support from the short-term average at £28.97. 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. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -8.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for iShares Diversified Alternatives Trust stock
iShares Diversified Alternatives Trust finds support from accumulated volume at £29.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALT.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect iShares Diversified Alternatives Trust ETF to open at £29.20, and during the day (based on 14 day Average True Range), to move between £28.00 and £30.40, which gives a possible trading interval of +/-£1.20 (+/-4.12%) 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 8.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £29.00 (0.68%) than the resistance at £29.50 (1.03%), 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 negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.617 Sell Candidate Unchanged
Predicted Opening Price for iShares Diversified Alternatives Trust ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £29.20 ( 0%) | £29.20 |
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 | 29.20 | . | |
| R2 | 29.20 | . | ||
| R1 | 29.20 | . | ||
| Current price: | 29.20 | |||
| Support | S1 | 29.20 | . | |
| S2 | 29.20 | . | ||
| S3 | 29.20 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.50 | 14.73 % | |
| R2 | 32.00 | 9.59 % | ||
| R1 | 29.50 | 1.03 % | ||
| Current price | 29.20 | |||
| Support | S1 | 29.00 | -0.685% | |
| S2 | 28.03 | -4.01% | ||
| S3 | 28.00 | -4.11% |
FAQ
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