PUREFUNDS ISE MOBILE PAYMENTS PUREFUNDS ETF Forecast

Green day on Wednesday for PUREFUNDS ISE MOBILE PAYMENTS PUREFUNDS
(Updated on Apr 17, 2024)

IPAY Signals & Forecast

There are few to no technical positive signals at the moment. The PUREFUNDS ISE MOBILE PAYMENTS PUREFUNDS ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $49.69 and $50.78. 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 28, 2024, and so far it has fallen -8.11%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. 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 PUREFUNDS ISE MOBILE PAYMENTS PUREFUNDS ETF

PUREFUNDS ISE MOBILE PAYMENTS PUREFUNDS finds support from accumulated volume at $47.36 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 controlled movements and therefore the general risk is considered 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 $0.83 between high and low, or 1.73%. For the last week the ETF has had daily average volatility of 1.96%.

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

Trading Expectations (IPAY) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect PUREFUNDS ISE MOBILE PAYMENTS ETF PUREFUNDS ISE MOBILE PAYMENTS ETF to open at $48.43, and during the day (based on 14 day Average True Range), to move between $47.48 and $49.26, which gives a possible trading interval of +/-$0.89 (+/-1.85%) up or down from last closing price. If PUREFUNDS ISE MOBILE PAYMENTS ETF PUREFUNDS ISE MOBILE PAYMENTS ETF takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $47.36 (2.09%) than the resistance at $49.90 (3.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is PUREFUNDS ISE MOBILE PAYMENTS ETF PUREFUNDS ISE MOBILE PAYMENTS ETF ETF A Buy?

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

Current score: -2.098 Sell Candidate Unchanged

Predicted Opening Price for PUREFUNDS ISE MOBILE PAYMENTS ETF PUREFUNDS ISE MOBILE PAYMENTS ETF of Thursday, April 18, 2024

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