VANECK VECTORS RARE EARTH/STRATEGIC ETF Forecast
Stronger technical forecast for VANECK VECTORS RARE EARTH/STRATEGIC ETF price after Wednesday trading.
(Updated on Apr 24, 2024)
The VANECK VECTORS RARE EARTH/STRATEGIC ETF price fell by -0.686% on the last day (Wednesday, 24th Apr 2024) from $49.58 to $49.24. It has now fallen 5 days in a row. During the last trading day the ETF fluctuated 2.21% from a day low at $48.87 to a day high of $49.95. The price has fallen in 8 of the last 10 days and is down by -8.58% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -33 thousand shares and in total, 86 thousand shares were bought and sold for approximately $4.24 million.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $48.38 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 8.92% during the next 3 months and, with a 90% probability hold a price between $52.70 and $62.21 at the end of this 3-month period.
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REMX Signals & Forecast
There are few to no technical positive signals at the moment. The VANECK VECTORS RARE EARTH/STRATEGIC 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 $49.99 and $51.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -10.52%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for VANECK VECTORS RARE EARTH/STRATEGIC ETF
VANECK VECTORS RARE EARTH/STRATEGIC finds support from accumulated volume at $49.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $1.08 between high and low, or 2.21%. For the last week, the ETF has had daily average volatility of 2.17%.
Our recommended stop-loss: $46.20 (-6.17%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (REMX) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF to open at $49.35, and during the day (based on 14 day Average True Range), to move between $47.75 and $50.73, which gives a possible trading interval of +/-$1.49 (+/-3.02%) up or down from last closing price. If VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $49.04 (0.41%) than the resistance at $50.10 (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF ETF A Buy?
VANECK VECTORS RARE EARTH/STRATEGIC holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.042 Hold/Accumulate Upgraded
Predicted Opening Price for VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $49.35 ( 0.230%) | $49.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REMX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.43 | 2.42 % | |
| R2 | 50.02 | 1.59 % | ||
| R1 | 49.77 | 1.07 % | ||
| Current price: | 49.24 | |||
| Support | S1 | 48.94 | -0.607 % | |
| S2 | 48.69 | -1.12 % | ||
| S3 | 48.27 | -1.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.36 | 2.27 % | |
| R2 | 50.30 | 2.15 % | ||
| R1 | 50.10 | 1.75 % | ||
| Current price | 49.24 | |||
| Support | S1 | 49.04 | -0.406% | |
| S2 | 48.11 | -2.29% | ||
| S3 | 46.93 | -4.69% |
REMX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 10, 2022 | Dec 19, 2022 | Dec 23, 2022 | $1.19 | 1.53% |
| 2 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $5.89 | 5.43% |
| 3 | Jan 14, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.535 | 0.82% |
| 4 | Nov 22, 2019 | Dec 23, 2019 | Dec 30, 2019 | $0.645 | 1.59% |
| 5 | Nov 16, 2018 | Dec 20, 2018 | Dec 27, 2018 | $5.06 | 12.57% |
FAQ
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