VanEck Vectors Biotech ETF Forecast
Evaluation of VanEck Vectors Biotech ETF downgraded after the last trading session.
(Updated on Apr 22, 2024)
The VanEck Vectors Biotech ETF price gained 1.46% on the last trading day (Monday, 22nd Apr 2024), rising from $152.36 to $154.59. During the last trading day the ETF fluctuated 1.62% from a day low at $152.79 to a day high of $155.26. The price has fallen in 7 of the last 10 days and is down by -3.93% for this period. Volume fell on the last day by -3 thousand shares and in total, 4 thousand shares were bought and sold for approximately $549.88 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.84% during the next 3 months and, with a 90% probability hold a price between $144.38 and $156.74 at the end of this 3-month period.
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BBH Signals & Forecast
There are mixed signals in the ETF today. The VanEck Vectors Biotech 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 $162.00. On a fall, the ETF will find some support from the short-term average at $154.08. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.71%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for VanEck Vectors Biotech ETF
VanEck Vectors Biotech finds support from accumulated volume at $153.91 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, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $2.47 between high and low, or 1.62%. For the last week the ETF has had daily average volatility of 0.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBH) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect VanEck Vectors Biotech ETF to open at $154.21, and during the day (based on 14 day Average True Range), to move between $152.67 and $156.51, which gives a possible trading interval of +/-$1.92 (+/-1.24%) up or down from last closing price. If VanEck Vectors Biotech ETF takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $153.91 (0.44%) than the resistance at $159.88 (3.42%), 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 Biotech ETF ETF A Buy?
VanEck Vectors Biotech 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. 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: -1.242 Sell Candidate Downgraded
Predicted Opening Price for VanEck Vectors Biotech ETF of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $154.21 ( 0.244%) | $154.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 156.68 | 1.35 % | |
| R2 | 155.74 | 0.743 % | ||
| R1 | 155.16 | 0.366 % | ||
| Current price: | 154.59 | |||
| Support | S1 | 153.27 | -0.85 % | |
| S2 | 152.69 | -1.23 % | ||
| S3 | 151.74 | -1.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 167.99 | 8.67 % | |
| R2 | 160.59 | 3.88 % | ||
| R1 | 159.88 | 3.42 % | ||
| Current price | 154.59 | |||
| Support | S1 | 153.91 | -0.440% | |
| S2 | 153.01 | -1.03% | ||
| S3 | 152.36 | -1.44% |
BBH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.713 | 0.436% |
| 2 | Dec 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $0.749 | 0.462% |
| 3 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $0.397 | 0.211% |
| 4 | Dec 18, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.608 | 0.357% |
| 5 | Jan 16, 2019 | Dec 23, 2019 | Dec 30, 2019 | $0.472 | 0.339% |
FAQ
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