IQ CHAIKIN U.S. SMALL CAP IQ CHAIKIN ETF Forecast
IQ CHAIKIN U.S. SMALL CAP IQ CHAIKIN ETF downgraded to Sell Candidate
(Updated on Mar 18, 2024)
The IQ CHAIKIN U.S. SMALL CAP IQ CHAIKIN ETF price fell by -0.596% on the last day (Monday, 18th Mar 2024) from $35.69 to $35.48. During the last trading day the ETF fluctuated 0.95% from a day low at $35.48 to a day high of $35.82. The price has fallen in 6 of the last 10 days and is down by -2.49% 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 -7 thousand shares and in total, 2 thousand shares were bought and sold for approximately $66.78 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect IQ CHAIKIN U.S. SMALL CAP IQ CHAIKIN ETF with a 90% probability to be traded between $35.17 and $37.12 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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CSML Signals & Forecast
There are few to no technical positive signals at the moment. The IQ CHAIKIN U.S. SMALL CAP IQ CHAIKIN ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $35.94 and $35.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -2.71%. 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. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Wednesday, June 28, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, June 28, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for IQ CHAIKIN U.S. SMALL CAP IQ CHAIKIN ETF
IQ CHAIKIN U.S. SMALL CAP IQ CHAIKIN finds support from accumulated volume at $35.30 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 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 $0.338 between high and low, or 0.95%. For the last week the ETF has had daily average volatility of 0.609%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CSML) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect IQ CHAIKIN U.S. SMALL CAP ETF IQ CHAIKIN U.S. SMALL CAP ETF to open at $35.59, and during the day (based on 14 day Average True Range), to move between $35.14 and $35.82, which gives a possible trading interval of +/-$0.342 (+/-0.96%) up or down from last closing price. If IQ CHAIKIN U.S. SMALL CAP ETF IQ CHAIKIN U.S. SMALL CAP ETF takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.53 (0.14%) than the support at $35.30 (0.51%), 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 IQ CHAIKIN U.S. SMALL CAP ETF IQ CHAIKIN U.S. SMALL CAP ETF ETF A Buy?
IQ CHAIKIN U.S. SMALL CAP IQ CHAIKIN holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.973 Sell Candidate Downgraded
Predicted Opening Price for IQ CHAIKIN U.S. SMALL CAP ETF IQ CHAIKIN U.S. SMALL CAP ETF of Tuesday, March 19, 2024
Fair opening price March 19, 2024 | Current price |
---|---|
$35.59 ( 0.318%) | $35.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSML
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.93 | 1.27 % | |
R2 | 35.80 | 0.91 % | ||
R1 | 35.72 | 0.682 % | ||
Current price: | 35.48 | |||
Support | S1 | 35.47 | -0.0464 % | |
S2 | 35.39 | -0.271 % | ||
S3 | 35.26 | -0.635 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.26 | 2.19 % | |
R2 | 35.86 | 1.07 % | ||
R1 | 35.53 | 0.136 % | ||
Current price | 35.48 | |||
Support | S1 | 35.30 | -0.513% | |
S2 | 35.08 | -1.13% | ||
S3 | 34.22 | -3.56% |
CSML Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 28, 2023 | Jan 05, 2024 | $0.142 | 0.406% |
2 | Sep 29, 2023 | Sep 29, 2023 | Oct 05, 2023 | $0.104 | 0.341% |
3 | Jun 30, 2023 | Jun 30, 2023 | Jul 06, 2023 | $0.114 | 0.360% |
4 | Jun 28, 2023 | Mar 31, 2023 | Apr 06, 2023 | $0.149 | 0.483% |
5 | Dec 28, 2022 | Dec 29, 2022 | Jan 06, 2023 | $0.139 | 0.426% |
FAQ
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