ALPS International Sector Div Dogs ETF Forecast

Stronger technical forecast for ALPS International Sector Div Dogs ETF price after Thursday trading.
(Updated on Apr 25, 2024)

IDOG Signals & Forecast

There are mixed signals in the ETF today. The ALPS International Sector Div Dogs 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 $29.55. On a fall, the ETF will find some support from the short-term average at $29.29. 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.405%. 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.

Support, Risk & Stop-loss for ALPS International Sector Div Dogs ETF

ALPS International Sector Div Dogs finds support from accumulated volume at $29.45 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 $0.350 between high and low, or 1.19%. For the last week the ETF has had daily average volatility of 0.93%

Our recommended stop-loss: $28.27 (-4.25%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (IDOG) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect ALPS International Sector Div Dogs ETF to open at $29.50, and during the day (based on 14 day Average True Range), to move between $29.21 and $29.83, which gives a possible trading interval of +/-$0.309 (+/-1.05%) up or down from last closing price. If ALPS International Sector Div Dogs ETF takes out the full calculated possible swing range there will be an estimated 2.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $29.57 (0.17%) than the support at $29.45 (0.24%), 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 ALPS International Sector Div Dogs ETF ETF A Buy?

ALPS International Sector Div Dogs holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.209 Hold/Accumulate Upgraded

Predicted Opening Price for ALPS International Sector Div Dogs ETF of Friday, April 26, 2024

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