VanEck Vectors Trust - VanEck Vectors ETF Forecast

VanEck Vectors Trust - VanEck Vectors ETF upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 06, 2024)

BUZZ Signals & Forecast

Mostly positive signals in the chart today. The VanEck Vectors Trust - VanEck Vectors ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $20.13 and $20.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.29%. 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). VanEck Vectors Trust - VanEck Vectors 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. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for VanEck Vectors Trust - VanEck Vectors ETF

VanEck Vectors Trust - VanEck Vectors finds support from accumulated volume at $20.75 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 $0.278 between high and low, or 1.35%. For the last week, the ETF has had daily average volatility of 1.98%.

Our recommended stop-loss: $19.88 (-4.27%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (BUZZ) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect VanEck Vectors ETF Trust - VanEck Vectors Social Sentiment ETF to open at $20.72, and during the day (based on 14 day Average True Range), to move between $20.34 and $21.20, which gives a possible trading interval of +/-$0.432 (+/-2.08%) up or down from last closing price. If VanEck Vectors ETF Trust - VanEck Vectors Social Sentiment ETF takes out the full calculated possible swing range there will be an estimated 4.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.75 (0.10%) than the resistance at $20.92 (0.72%), 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 ETF Trust - VanEck Vectors Social Sentiment 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 Trust - VanEck Vectors ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.830 Buy Candidate Upgraded

Predicted Opening Price for VanEck Vectors ETF Trust - VanEck Vectors Social Sentiment ETF of Tuesday, May 7, 2024

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