VANECK VECTORS BRAZIL SMALL-CAP ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
VANECK VECTORS BRAZIL SMALL-CAP ETF upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jun 18, 2024)
The VANECK VECTORS BRAZIL SMALL-CAP ETF price gained 0.240% on the last trading day (Tuesday, 18th Jun 2024), rising from $13.53 to $13.56. During the last trading day the ETF fluctuated 0.444% from a day low at $13.51 to a day high of $13.57. The price has fallen in 7 of the last 10 days and is down by -4.84% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 921 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $33.91 thousand.
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.48 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -15.69% during the next 3 months and, with a 90% probability hold a price between $11.37 and $12.46 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BRF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.240%. Further rise is indicated until a new top pivot has been found. VANECK VECTORS BRAZIL SMALL-CAP 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VANECK VECTORS BRAZIL SMALL-CAP 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 $13.73 and $14.85. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for VANECK VECTORS BRAZIL SMALL-CAP ETF
VANECK VECTORS BRAZIL SMALL-CAP finds support from accumulated volume at $13.53 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 $0.0600 between high and low, or 0.444%. For the last week, the ETF has had daily average volatility of 1.25%.
VANECK VECTORS BRAZIL SMALL-CAP is oversold on RSI14 (23). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRF) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect VANECK VECTORS BRAZIL SMALL-CAP ETF to open at $13.55, and during the day (based on 14 day Average True Range), to move between $13.33 and $13.79, which gives a possible trading interval of +/-$0.231 (+/-1.70%) up or down from last closing price. If VANECK VECTORS BRAZIL SMALL-CAP ETF takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.53 (0.24%) than the resistance at $14.63 (7.89%), 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 BRAZIL SMALL-CAP ETF ETF A Buy?
VANECK VECTORS BRAZIL SMALL-CAP holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.810 Sell Candidate Upgraded
Predicted Opening Price for VANECK VECTORS BRAZIL SMALL-CAP ETF of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $13.55 ( 0.0983%) | $13.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.61 | 0.344% |
| R2 | 13.58 | 0.175% |
| R1 | 13.57 | 0.0707% |
| Price | 13.56 | |
| S1 | 13.52 | -0.267% |
| S2 | 13.51 | -0.372% |
| S3 | 13.49 | -0.541% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.99 | 10.55% |
| R2 | 14.69 | 8.35% |
| R1 | 14.63 | 7.89% |
| Price | 13.56 | |
| S1 | 13.53 | -0.240% |
| S2 | 0 | - |
| S3 | 0 | - |
BRF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.88 | 5.16% |
| 2 | Jan 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $0.557 | 3.96% |
| 3 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $0.488 | 3.06% |
| 4 | Jan 14, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.353 | 1.68% |
| 5 | Jan 16, 2019 | Dec 23, 2019 | Dec 30, 2019 | $0.697 | 2.55% |
FAQ
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