VanEck Vectors BDC Income ETF Forecast
Green day on Friday for VanEck Vectors BDC Income ETF after gaining 0.99%
(Updated on May 31, 2024)
The VanEck Vectors BDC Income ETF price gained 0.99% on the last trading day (Friday, 31st May 2024), rising from $17.15 to $17.32. During the last trading day the ETF fluctuated 0.93% from a day low at $17.16 to a day high of $17.32. The price has risen in 7 of the last 10 days and is up by 2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 266 thousand more shares were traded than the day before. In total, 692 thousand shares were bought and sold for approximately $11.98 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 5.14% during the next 3 months and, with a 90% probability hold a price between $17.45 and $18.41 at the end of this 3-month period.
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BIZD Signals & Forecast
The VanEck Vectors BDC Income ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $17.07 and $16.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 7.31%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for VanEck Vectors BDC Income ETF
VanEck Vectors BDC Income finds support from accumulated volume at $17.00 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 $0.160 between high and low, or 0.93%. For the last week the ETF has had daily average volatility of 0.740%.
Our recommended stop-loss: $16.67 (-3.76%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (BIZD) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect VanEck Vectors BDC Income ETF to open at $17.27, and during the day (based on 14 day Average True Range), to move between $17.18 and $17.46, which gives a possible trading interval of +/-$0.141 (+/-0.81%) up or down from last closing price. If VanEck Vectors BDC Income ETF takes out the full calculated possible swing range there will be an estimated 1.63% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $17.00, some $0.320 (1.85%) from the current price of $17.32, our system finds the risk reward attractive.
Is VanEck Vectors BDC Income ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for VanEck Vectors BDC Income ETF to perform well in the short-term.
Current score: 4.630 Buy Candidate Unchanged
Predicted Opening Price for VanEck Vectors BDC Income ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $17.27 ( 0.308%) | $17.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIZD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.43 | 0.616 % | |
| R2 | 17.37 | 0.263 % | ||
| R1 | 17.33 | 0.0450 % | ||
| Current price: | 17.32 | |||
| Support | S1 | 17.21 | -0.661 % | |
| S2 | 17.17 | -0.88 % | ||
| S3 | 17.11 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 17.32 | |||
| Support | S1 | 17.00 | -1.85% | |
| S2 | 16.46 | -4.97% | ||
| S3 | 16.36 | -5.54% |
BIZD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 13, 2023 | Apr 01, 2024 | Apr 05, 2024 | $0.458 | 2.80% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.468 | 2.90% |
| 3 | Dec 07, 2022 | Oct 02, 2023 | Oct 06, 2023 | $0.437 | 2.89% |
| 4 | Dec 07, 2022 | Jul 03, 2023 | Jul 07, 2023 | $0.419 | 2.78% |
| 5 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | $0.435 | 3.03% |
FAQ
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