Victory CEMP US EQ Income Enhanced ETF Forecast
Victory CEMP US EQ Income Enhanced ETF downgraded to Hold/Accumulate
(Updated on Apr 26, 2024)
The Victory CEMP US EQ Income Enhanced ETF price fell by -0.599% on the last day (Friday, 26th Apr 2024) from $58.39 to $58.04. During the last trading day the ETF fluctuated 0.641% from a day low at $58.04 to a day high of $58.41. The price has risen in 6 of the last 10 days and is up by 1.68% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -17 thousand shares and in total, 27 thousand shares were bought and sold for approximately $1.59 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 5.57% during the next 3 months and, with a 90% probability hold a price between $59.89 and $63.94 at the end of this 3-month period.
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CDC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.05%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Victory CEMP US EQ Income Enhanced 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 $58.11. On a fall, the ETF will find some support from the short-term average at $58.03. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Victory CEMP US EQ Income Enhanced ETF
Victory CEMP US EQ Income Enhanced finds support from accumulated volume at $56.48 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 $0.372 between high and low, or 0.641%. For the last week the ETF has had daily average volatility of 1.04%.
Our recommended stop-loss: $54.89 (-5.43%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (CDC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF to open at $58.16, and during the day (based on 14 day Average True Range), to move between $57.44 and $58.64, which gives a possible trading interval of +/-$0.605 (+/-1.04%) up or down from last closing price. If Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $58.39 (0.60%) than the support at $56.48 (2.69%), 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 Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF ETF A Buy?
Victory CEMP US EQ Income Enhanced holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.883 Hold/Accumulate Downgraded
Predicted Opening Price for Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$58.16 ( 0.214%) | $58.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CDC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.54 | 0.85 % | |
R2 | 58.39 | 0.610 % | ||
R1 | 58.31 | 0.458 % | ||
Current price: | 58.04 | |||
Support | S1 | 58.02 | -0.0312 % | |
S2 | 57.93 | -0.182 % | ||
S3 | 57.79 | -0.427 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 59.22 | 2.03 % | |
R2 | 59.09 | 1.81 % | ||
R1 | 58.39 | 0.603 % | ||
Current price | 58.04 | |||
Support | S1 | 56.48 | -2.69% | |
S2 | 56.42 | -2.79% | ||
S3 | 55.16 | -4.96% |
CDC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 10, 2024 | Apr 11, 2024 | Apr 15, 2024 | $0.160 | 0.281% |
2 | Mar 08, 2024 | Mar 11, 2024 | Mar 13, 2024 | $0.263 | 0.455% |
3 | Feb 08, 2024 | Feb 09, 2024 | Feb 13, 2024 | $0.105 | 0.192% |
4 | Jan 10, 2024 | Jan 11, 2024 | Jan 16, 2024 | $0.0467 | 0.0841% |
5 | Dec 15, 2023 | Dec 18, 2023 | Dec 20, 2023 | $0.437 | 0.776% |
FAQ
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