Brighthouse Financial Inc 6.25 % ETF Forecast
Red day on Thursday for Brighthouse Financial Inc 6.25 %
(Updated on Apr 25, 2024)
The Brighthouse Financial Inc 6.25 % ETF price fell by -1.30% on the last day (Thursday, 25th Apr 2024) from $22.90 to $22.60. During the last trading day the ETF fluctuated 2.48% from a day low at $22.14 to a day high of $22.69. The price has risen in 6 of the last 10 days but is still down by -1.48% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -10 thousand shares and in total, 14 thousand shares were bought and sold for approximately $319.88 thousand.
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 $22.52 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Brighthouse Financial Inc 6.25 % ETF with a 90% probability to be traded between $22.24 and $23.27 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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BHFAL Signals & Forecast
There are few to no technical positive signals at the moment. The Brighthouse Financial Inc 6.25 % ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $22.85 and $23.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -3.71%. 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 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 Brighthouse Financial Inc 6.25 % ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.550 between high and low, or 2.48%. For the last week the ETF has had daily average volatility of 1.59%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BHFAL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global to open at $22.48, and during the day (based on 14 day Average True Range), to move between $22.12 and $23.08, which gives a possible trading interval of +/-$0.477 (+/-2.11%) up or down from last closing price. If Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $22.81, some $0.210 (0.93%) from the current price of $22.60, our system finds the risk reward not very attractive.
Is Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global ETF A Buy?
Brighthouse Financial Inc 6.25 % holds several negative signals and is within a narrow 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 ETF.
Current score: -3.042 Sell Candidate Unchanged
Predicted Opening Price for Brighthouse Financial Inc 6.25 % Debentures 2018-15.09.58 Global of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $22.48 ( 0.546%) | $22.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHFAL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.03 | 1.89 % | |
| R2 | 22.82 | 0.96 % | ||
| R1 | 22.69 | 0.384 % | ||
| Current price: | 22.60 | |||
| Support | S1 | 22.27 | -1.48 % | |
| S2 | 22.14 | -2.05 % | ||
| S3 | 21.93 | -2.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.10 | 2.21 % | |
| R2 | 23.06 | 2.04 % | ||
| R1 | 22.81 | 0.93 % | ||
| Current price | 22.60 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BHFAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.391 | 1.70% |
| 2 | Nov 23, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.391 | 1.80% |
| 3 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.391 | 1.66% |
| 4 | May 30, 2023 | May 31, 2023 | Jun 15, 2023 | $0.391 | 1.70% |
| 5 | May 27, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.391 | 1.73% |
FAQ
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