ADVISORSHARES ATHENA HIGH DIVIDEND ETF Stock Forecast
Red day on Wednesday for ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock after losing 0.452%
(Updated on Apr 24, 2024)
The ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock price fell by -0.452% on the last day (Wednesday, 24th Apr 2024) from £88.40 to £88.00. During the last trading day the stock fluctuated 0.790% from a day low at £87.87 to a day high of £88.56. The price has fallen in 5 of the last 10 days but is still up by 1.03% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -248 thousand shares and in total, 288 thousand shares were bought and sold for approximately £25.36 million.
The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.47% during the next 3 months and, with a 90% probability hold a price between £93.35 and £96.35 at the end of this 3-month period.
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DIVI.L Signals & Forecast
The ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock 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 £87.24 and £85.34. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -0.677%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock
ADVISORSHARES ATHENA HIGH DIVIDEND ETF finds support from accumulated volume at £84.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £0.694 between high and low, or 0.790%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: £84.49 (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (DIVI.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect ADVISORSHARES ATHENA HIGH DIVIDEND ETF to open at £88.14, and during the day (based on 14 day Average True Range), to move between £86.64 and £89.36, which gives a possible trading interval of +/-£1.36 (+/-1.55%) up or down from last closing price. If ADVISORSHARES ATHENA HIGH DIVIDEND ETF takes out the full calculated possible swing range there will be an estimated 3.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £88.40 (0.45%) than the support at £84.00 (4.55%), 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 ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock 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 ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock to perform well in the short-term.
Current score: 1.890 Buy Candidate Unchanged
Predicted Opening Price for ADVISORSHARES ATHENA HIGH DIVIDEND ETF of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £88.14 ( 0.161%) | £88.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIVI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 88.84 | 0.95 % | |
| R2 | 88.57 | 0.649 % | ||
| R1 | 88.41 | 0.463 % | ||
| Current price: | 88.00 | |||
| Support | S1 | 87.88 | -0.140 % | |
| S2 | 87.71 | -0.326 % | ||
| S3 | 87.45 | -0.627 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 88.60 | 0.682 % | ||
| R1 | 88.40 | 0.455 % | ||
| Current price | 88.00 | |||
| Support | S1 | 84.00 | -4.55% | |
| S2 | 82.00 | -6.82% | ||
| S3 | 81.20 | -7.73% |
DIVI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | May 31, 2024 | £1.00 | 1.14% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | £0.0100 | 0.0120% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | £0.0120 | 0.0148% |
| 4 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | £0.95 | 1.18% |
| 5 | Feb 15, 2023 | Mar 23, 2023 | May 31, 2023 | £0.95 | 1.14% |
FAQ
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