VictoryShares US Multi-Factor Minimum ETF Forecast
Weaker technical forecast for VictoryShares US Multi-Factor Minimum as ETF downgraded to Hold/Accumulate.
(Updated on Apr 24, 2024)
The VictoryShares US Multi-Factor Minimum ETF price gained 0.115% on the last trading day (Wednesday, 24th Apr 2024), rising from $43.48 to $43.53. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.438% from a day low at $43.39 to a day high of $43.58. The price has been going up and down for this period, and there has been a -1.16% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $221.22 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect VictoryShares US Multi-Factor Minimum ETF with a 90% probability to be traded between $43.55 and $46.10 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.
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VSMV Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.56%. Further rise is indicated until a new top pivot has been found. VictoryShares US Multi-Factor Minimum 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 VictoryShares US Multi-Factor Minimum 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 $44.26. On a fall, the ETF will find some support from the short-term average at $43.18. 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 VictoryShares US Multi-Factor Minimum ETF
VictoryShares US Multi-Factor Minimum finds support from accumulated volume at $43.37 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 $0.190 between high and low, or 0.438%. For the last week the ETF has had daily average volatility of 0.420%.
Our recommended stop-loss: $41.01 (-5.78%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (VSMV) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect VictoryShares US Multi-Factor Minimum Volatility ETF to open at $43.50, and during the day (based on 14 day Average True Range), to move between $43.25 and $43.81, which gives a possible trading interval of +/-$0.284 (+/-0.65%) up or down from last closing price. If VictoryShares US Multi-Factor Minimum Volatility ETF takes out the full calculated possible swing range there will be an estimated 1.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $43.37 (0.36%) than the resistance at $44.09 (1.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VictoryShares US Multi-Factor Minimum Volatility ETF ETF A Buy?
VictoryShares US Multi-Factor Minimum 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.935 Hold/Accumulate Downgraded
Predicted Opening Price for VictoryShares US Multi-Factor Minimum Volatility ETF of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$43.50 ( 0.0689%) | $43.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VSMV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.69 | 0.368 % | |
R2 | 43.62 | 0.201 % | ||
R1 | 43.57 | 0.0978 % | ||
Current price: | 43.53 | |||
Support | S1 | 43.43 | -0.236 % | |
S2 | 43.38 | -0.339 % | ||
S3 | 43.31 | -0.505 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 44.70 | 2.68 % | |
R2 | 44.42 | 2.04 % | ||
R1 | 44.09 | 1.29 % | ||
Current price | 43.53 | |||
Support | S1 | 43.37 | -0.360% | |
S2 | 43.32 | -0.494% | ||
S3 | 43.01 | -1.19% |
VSMV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | Apr 15, 2024 | $0.0560 | 0.129% |
2 | Mar 11, 2024 | Mar 11, 2024 | Mar 13, 2024 | $0.104 | 0.232% |
3 | Feb 08, 2024 | Feb 09, 2024 | Feb 13, 2024 | $0.0183 | 0.0421% |
4 | Jan 10, 2024 | Jan 11, 2024 | Jan 16, 2024 | $0.0180 | 0.0427% |
5 | Dec 15, 2023 | Dec 18, 2023 | Dec 20, 2023 | $0.141 | 0.340% |
FAQ
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