Global X SuperDividend REIT ETF Forecast

Global X SuperDividend REIT ETF price ended at $19.26 on Friday, after gaining 1.10%.
(Updated on Apr 19, 2024)

SRET Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.53%. Further rise is indicated until a new top pivot has been found. Global X SuperDividend REIT has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Global X SuperDividend REIT 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 $19.82. On a fall, the ETF will find some support from the short-term average at $19.21. 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).

Support, Risk & Stop-loss for Global X SuperDividend REIT ETF

Global X SuperDividend REIT finds support from accumulated volume at $19.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.310 (1.63%) between high and low. For the last week, the ETF has had daily average volatility of 1.44%.

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

Trading Expectations (SRET) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Global X SuperDividend REIT ETF to open at $19.18, and during the day (based on 14 day Average True Range), to move between $18.98 and $19.54, which gives a possible trading interval of +/-$0.282 (+/-1.46%) up or down from last closing price. If Global X SuperDividend REIT ETF takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.15 (0.57%) than the resistance at $19.90 (3.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Global X SuperDividend REIT ETF ETF A Buy?

Global X SuperDividend REIT 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.

Current score: -2.092 Sell Candidate Unchanged

Predicted Opening Price for Global X SuperDividend REIT ETF of Monday, April 22, 2024

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