GLOBAL X S&P 500 CATHOLIC VALUES CUSTOM ETF Forecast
GLOBAL X S&P 500 CATHOLIC VALUES CUSTOM ETF price ended at $63.58 on Wednesday, after gaining 0.87%.
(Updated on Mar 27, 2024)
The GLOBAL X S&P 500 CATHOLIC VALUES CUSTOM ETF price gained 0.87% on the last trading day (Wednesday, 27th Mar 2024), rising from $63.03 to $63.58. During the last trading day the ETF fluctuated 0.641% from a day low at $63.20 to a day high of $63.60. The price has been going up and down for this period, and there has been a 1.79% 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, 6 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately $1.76 million.
The ETF lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 11.01% during the next 3 months and, with a 90% probability hold a price between $69.71 and $70.98 at the end of this 3-month period.
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CATH Signals & Forecast
The GLOBAL X S&P 500 CATHOLIC VALUES CUSTOM ETF 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 $63.24 and $61.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 31, 2024, and so far it has risen 8.24%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 GLOBAL X S&P 500 CATHOLIC VALUES CUSTOM ETF
GLOBAL X S&P 500 CATHOLIC VALUES CUSTOM finds support from accumulated volume at $60.79 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.405 between high and low, or 0.641%. For the last week the ETF has had daily average volatility of 0.422%.
Our recommended stop-loss: $61.20 (-3.74%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (CATH) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect GLOBAL X S&P 500 CATHOLIC VALUES CUSTOM ETF to open at $63.46, and during the day (based on 14 day Average True Range), to move between $63.10 and $64.06, which gives a possible trading interval of +/-$0.477 (+/-0.75%) up or down from last closing price. If GLOBAL X S&P 500 CATHOLIC VALUES CUSTOM ETF takes out the full calculated possible swing range there will be an estimated 1.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $60.79, some $2.79 (4.39%) from the current price of $63.58, our system finds the risk reward attractive.
Is GLOBAL X S&P 500 CATHOLIC VALUES CUSTOM ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GLOBAL X S&P 500 CATHOLIC VALUES CUSTOM ETF to perform well in the short-term.
Current score: 3.592 Buy Candidate Unchanged
Predicted Opening Price for GLOBAL X S&P 500 CATHOLIC VALUES CUSTOM ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$63.46 ( 0.191%) | $63.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CATH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.86 | 0.446 % | |
R2 | 63.71 | 0.202 % | ||
R1 | 63.61 | 0.0520 % | ||
Current price: | 63.58 | |||
Support | S1 | 63.30 | -0.435 % | |
S2 | 63.21 | -0.585 % | ||
S3 | 63.05 | -0.83 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 63.58 | |||
Support | S1 | 60.79 | -4.39% | |
S2 | 58.74 | -7.61% | ||
S3 | 58.04 | -8.71% |
CATH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.407 | 0.703% |
2 | Jun 28, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.267 | 0.493% |
3 | Dec 28, 2022 | Dec 29, 2022 | Jan 09, 2023 | $0.364 | 0.771% |
4 | Jun 28, 2022 | Jun 29, 2022 | Jul 08, 2022 | $0.258 | 0.546% |
5 | Dec 29, 2021 | Dec 30, 2021 | Jan 07, 2022 | $0.387 | 0.671% |
FAQ
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