ALPS International Sector Div Dogs ETF Forecast
Evaluation of ALPS International Sector Div Dogs ETF downgraded after the last trading session.
(Updated on Apr 24, 2024)
The ALPS International Sector Div Dogs ETF price fell by -0.236% on the last day (Wednesday, 24th Apr 2024) from $29.64 to $29.57. During the last trading day the ETF fluctuated 0.732% from a day low at $29.43 to a day high of $29.65. The price has been going up and down for this period, and there has been a 0.24% gain for the last 2 weeks. Volume has increased on the last day by 234 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, 249 thousand shares were bought and sold for approximately $7.36 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ALPS International Sector Div Dogs ETF with a 90% probability to be traded between $29.34 and $30.67 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IDOG Signals & Forecast
The ALPS International Sector Div Dogs ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $29.19 and $29.55. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.236%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.215 between high and low, or 0.732%. For the last week the ETF has had daily average volatility of 0.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IDOG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect ALPS International Sector Div Dogs ETF to open at $29.55, and during the day (based on 14 day Average True Range), to move between $29.26 and $29.88, which gives a possible trading interval of +/-$0.306 (+/-1.03%) 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 2.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.60 (0.10%) than the support at $29.45 (0.41%), 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 negative signals and is within a narrow and falling trend, so we believe 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: -1.722 Sell Candidate Downgraded
Predicted Opening Price for ALPS International Sector Div Dogs ETF of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $29.55 ( 0.0625%) | $29.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDOG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.77 | 0.666 % | |
| R2 | 29.68 | 0.388 % | ||
| R1 | 29.63 | 0.216 % | ||
| Current price: | 29.57 | |||
| Support | S1 | 29.47 | -0.341 % | |
| S2 | 29.42 | -0.513 % | ||
| S3 | 29.34 | -0.791 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.75 | 0.609 % | |
| R2 | 29.64 | 0.237 % | ||
| R1 | 29.60 | 0.101 % | ||
| Current price | 29.57 | |||
| Support | S1 | 29.45 | -0.406% | |
| S2 | 29.33 | -0.81% | ||
| S3 | 28.82 | -2.54% |
IDOG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 26, 2024 | $0.218 | 0.736% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.244 | 0.82% |
| 3 | Feb 20, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.228 | 0.84% |
| 4 | Feb 20, 2023 | Jun 22, 2023 | Jun 27, 2023 | $0.635 | 2.29% |
| 5 | Feb 20, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.344 | 1.28% |
FAQ
Click here for our free guide on how to buy ALPS International Sector Div Dogs ETF ETF.
