AMPLIFY ONLINE RETAIL AMPLIFY ONLINE ETF Forecast
Evaluation of AMPLIFY ONLINE RETAIL AMPLIFY ONLINE ETF downgraded after the last trading session.
(Updated on Apr 24, 2024)
The AMPLIFY ONLINE RETAIL AMPLIFY ONLINE ETF price fell by -1.06% on the last day (Wednesday, 24th Apr 2024) from $54.20 to $53.63. During the last trading day the ETF fluctuated 1.46% from a day low at $53.56 to a day high of $54.34. The price has fallen in 7 of the last 10 days and is down by -3.64% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 thousand shares were bought and sold for approximately $701.58 thousand.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $52.62 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 7.61% during the next 3 months and, with a 90% probability hold a price between $56.62 and $64.94 at the end of this 3-month period.
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IBUY Signals & Forecast
There are mixed signals in the ETF today. The AMPLIFY ONLINE RETAIL AMPLIFY ONLINE ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $56.04. On a fall, the ETF will find some support from the short-term average at $53.18. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). AMPLIFY ONLINE RETAIL AMPLIFY ONLINE 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". A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.32%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for AMPLIFY ONLINE RETAIL AMPLIFY ONLINE ETF
AMPLIFY ONLINE RETAIL AMPLIFY ONLINE finds support from accumulated volume at $53.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.780 between high and low, or 1.46%. For the last week, the ETF has had daily average volatility of 1.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IBUY) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect AMPLIFY ONLINE RETAIL ETF AMPLIFY ONLINE RETAIL ETF to open at $53.84, and during the day (based on 14 day Average True Range), to move between $52.68 and $54.57, which gives a possible trading interval of +/-$0.94 (+/-1.76%) up or down from last closing price. If AMPLIFY ONLINE RETAIL ETF AMPLIFY ONLINE RETAIL ETF takes out the full calculated possible swing range there will be an estimated 3.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $53.82 (0.36%) than the support at $53.18 (0.83%), 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 AMPLIFY ONLINE RETAIL ETF AMPLIFY ONLINE RETAIL ETF ETF A Buy?
AMPLIFY ONLINE RETAIL AMPLIFY ONLINE holds several negative signals and we believe that 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: -2.159 Sell Candidate Downgraded
Predicted Opening Price for AMPLIFY ONLINE RETAIL ETF AMPLIFY ONLINE RETAIL ETF of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $53.84 ( 0.404%) | $53.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBUY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.62 | 1.86 % | |
| R2 | 54.32 | 1.30 % | ||
| R1 | 54.14 | 0.96 % | ||
| Current price: | 53.63 | |||
| Support | S1 | 53.54 | -0.152 % | |
| S2 | 53.36 | -0.495 % | ||
| S3 | 53.06 | -1.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.68 | 5.70 % | |
| R2 | 55.67 | 3.81 % | ||
| R1 | 53.82 | 0.364 % | ||
| Current price | 53.63 | |||
| Support | S1 | 53.18 | -0.83% | |
| S2 | 52.72 | -1.69% | ||
| S3 | 50.09 | -6.59% |
IBUY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 30, 2019 | Dec 30, 2019 | Jan 02, 2020 | $0.149 | 0.287% |
FAQ
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