iShares Diversified Alternatives Trust Stock Forecast
Red day on Monday for iShares Diversified Alternatives Trust
(Updated on Apr 15, 2024)
No changes to the price of iShares Diversified Alternatives Trust stock on the last trading day (Monday, 15th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at £29.00 to a day high of £29.00. The price has been going up and down for this period, and there has been a -3.33% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.89% during the next 3 months and, with a 90% probability hold a price between £20.14 and £25.87 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.
ALT.L Signals & Forecast
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 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 £29.84. On a fall, the stock will find some support from the short-term average at £28.63. 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 Friday, April 12, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for iShares Diversified Alternatives Trust stock
iShares Diversified Alternatives Trust finds support from accumulated volume at £28.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock 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 stock 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 4.16%
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 Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect iShares Diversified Alternatives Trust ETF to open at £29.00, and during the day (based on 14 day Average True Range), to move between £27.84 and £30.16, which gives a possible trading interval of +/-£1.16 (+/-4.01%) 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 8.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £29.50 (1.72%) than the support at £28.03 (3.34%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is iShares Diversified Alternatives Trust ETF stock A Buy?
iShares Diversified Alternatives Trust 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 stock.
Current score: -3.100 Sell Candidate Unchanged
Predicted Opening Price for iShares Diversified Alternatives Trust ETF of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| £29.00 ( 0%) | £29.00 |
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 | 29.00 | . | |
| R2 | 29.00 | . | ||
| R1 | 29.00 | . | ||
| Current price: | 29.00 | |||
| Support | S1 | 29.00 | . | |
| S2 | 29.00 | . | ||
| S3 | 29.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.00 | 24.14 % | |
| R2 | 32.00 | 10.34 % | ||
| R1 | 29.50 | 1.72 % | ||
| Current price | 29.00 | |||
| Support | S1 | 28.03 | -3.34% | |
| S2 | 28.00 | -3.45% | ||
| S3 | 27.50 | -5.17% |
FAQ
Click here for our free guide on how to buy iShares Diversified Alternatives Trust ETF Stock.
