Robo-Stox Global Robotics and Automation ETF Forecast

$58.64
+0.110 (+0.188%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Robo-Stox Global Robotics and Automation ETF upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 2.16% PDF

The Robo-Stox Global Robotics and Automation ETF price gained 0.188% on the last trading day (Thursday, 28th Mar 2024), rising from $58.53 to $58.64. During the last trading day the ETF fluctuated 0.488% from a day low at $58.45 to a day high of $58.73. The price has risen in 6 of the last 10 days and is up by 2.12% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 36 thousand shares were bought and sold for approximately $2.12 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 6.80% during the next 3 months and, with a 90% probability hold a price between $61.15 and $64.21 at the end of this 3-month period.

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ROBO Signals & Forecast

There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -0.91%. 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). The Robo-Stox Global Robotics and Automation ETF 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 $58.40 and $57.41. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

Support, Risk & Stop-loss for Robo-Stox Global Robotics and Automation ETF

Robo-Stox Global Robotics and Automation finds support from accumulated volume at $58.27 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 $0.285 between high and low, or 0.488%. For the last week the ETF has had daily average volatility of 0.751%.

Our recommended stop-loss: $56.51 (-3.63%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (ROBO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Robo-Stox Global Robotics and Automation Index ETF to open at $58.61, and during the day (based on 14 day Average True Range), to move between $57.95 and $59.33, which gives a possible trading interval of +/-$0.685 (+/-1.17%) up or down from last closing price. If Robo-Stox Global Robotics and Automation Index ETF takes out the full calculated possible swing range there will be an estimated 2.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $58.82 (0.31%) than the support at $58.27 (0.63%), 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 Robo-Stox Global Robotics and Automation Index ETF ETF 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 Robo-Stox Global Robotics and Automation ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.383 Buy Candidate Upgraded

Predicted Opening Price for Robo-Stox Global Robotics and Automation Index ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$58.61 ( 0.0597%) $58.64

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

Trading levels for ROBO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 58.89 0.426 %
R2 58.78 0.241 %
R1 58.71 0.126 %
Current price: 58.64
Support S1 58.50 -0.245 %
S2 58.43 -0.360 %
S3 58.32 -0.546 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 59.18 0.92 %
R2 58.84 0.341 %
R1 58.82 0.307 %
Current price 58.64
Support S1 58.27 -0.631%
S2 58.23 -0.699%
S3 57.41 -2.10%

ROBO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 26, 2023 Dec 26, 2023 Dec 29, 2023 $0.0282 0.0491%
2 Dec 27, 2021 Dec 28, 2021 Dec 31, 2021 $0.123 0.175%
3 Dec 24, 2020 Dec 28, 2020 Dec 31, 2020 $0.119 0.195%
4 Dec 23, 2019 Dec 24, 2019 Dec 31, 2019 $0.156 0.371%
5 Dec 21, 2018 Dec 24, 2018 Dec 31, 2018 $0.121 0.372%

FAQ

What is the symbol for Robo-Stox Global Robotics and Automation Index ETF ETF and on which exchange is it traded?
The symbol for Robo-Stox Global Robotics and Automation Index ETF is ROBO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Robo-Stox Global Robotics and Automation Index ETF ETF?
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 Robo-Stox Global Robotics and Automation ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Robo-Stox Global Robotics and Automation Index ETF ETF?
Robo-Stox Global Robotics and Automation Index ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Robo-Stox Global Robotics and Automation Index ETF ETF.

What's the current price of Robo-Stox Global Robotics and Automation Index ETF ETF?
As of the end of day on the 2024-03-28, the price of an Robo-Stox Global Robotics and Automation Index ETF (ROBO) share was $58.64.

What is the 52-week high and low for Robo-Stox Global Robotics and Automation Index ETF ETF?
The 52-week high for Robo-Stox Global Robotics and Automation Index ETF ETF is $60.29 and the 52-week low is $45.42.

What is the market capitalization of Robo-Stox Global Robotics and Automation Index ETF ETF?
As of the 2024-03-28, the market capitalization of Robo-Stox Global Robotics and Automation Index ETF is 1.137B.
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About Robo-Stox Global Robotics and Automation Index ETF

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ROBO GlobalTM Robotics and Automation Index. The fund will normally invest at least 80% of its total assets in securities of the index or in depositary receipts representing securities of the index. The index is designed to measure the performance of robotics-related and/or automation-related companies... ROBO Profile

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