iPath S&P 500 VIX ST Futures ETN ETF Forecast

iPath S&P 500 VIX ST Futures ETN ETF upgraded to Buy Candidate.
(Updated on Apr 25, 2024)

VXX Signals & Forecast

Mostly positive signals in the chart today. The iPath S&P 500 VIX ST Futures ETN ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $14.45. On a fall, the ETF will find some support from the long-term average at approximately $13.90. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 2.05%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for iPath S&P 500 VIX ST Futures ETN ETF

iPath S&P 500 VIX ST Futures ETN finds support from accumulated volume at $13.91 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 $0.750 between high and low, or 5.44%. For the last week, the ETF has had daily average volatility of 4.63%.

Our recommended stop-loss: $13.23 (-5.26%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (VXX) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect iPath S&P 500 VIX ST Futures ETN to open at $14.10, and during the day (based on 14 day Average True Range), to move between $13.17 and $14.75, which gives a possible trading interval of +/-$0.793 (+/-5.68%) up or down from last closing price. If iPath S&P 500 VIX ST Futures ETN takes out the full calculated possible swing range there will be an estimated 11.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.00 (0.29%) than the support at $13.91 (0.36%), 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 iPath S&P 500 VIX ST Futures ETN ETF A Buy?

Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 1.704 Buy Candidate Upgraded

Predicted Opening Price for iPath S&P 500 VIX ST Futures ETN of Friday, April 26, 2024

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