Credit Suisse AG ETF Forecast

Red day on Wednesday for Credit Suisse AG ETF after losing 0.0403%
(Updated on Apr 24, 2024)

GLDI Signals & Forecast

There are few to no technical positive signals at the moment. The Credit Suisse AG 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 $150.82 and $149.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -2.79%. 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). Credit Suisse AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Tuesday, January 30, 2024 in the short-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 Credit Suisse AG ETF

Credit Suisse AG finds support from accumulated volume at $144.24 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 $0.755 between high and low, or 0.510%. For the last week the ETF has had daily average volatility of 0.560%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GLDI) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Credit Suisse AG to open at $148.47, and during the day (based on 14 day Average True Range), to move between $147.55 and $149.75, which gives a possible trading interval of +/-$1.10 (+/-0.74%) up or down from last closing price. If Credit Suisse AG takes out the full calculated possible swing range there will be an estimated 1.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $150.20 (1.04%) than the support at $144.24 (2.97%), 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 Credit Suisse AG ETF A Buy?

The Credit Suisse AG ETF holds several negative signals and despite the positive trend, we believe Credit Suisse AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -4.318 Sell Candidate Unchanged

Predicted Opening Price for Credit Suisse AG of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.