Victory CEMP US 500 Enhanced Volatility ETF Forecast
Green day on Wednesday for Victory CEMP US 500 Enhanced Volatility ETF after gaining 1.25%
(Updated on Mar 27, 2024)
The Victory CEMP US 500 Enhanced Volatility ETF price gained 1.25% on the last trading day (Wednesday, 27th Mar 2024), rising from $65.06 to $65.87. During the last trading day the ETF fluctuated 0.81% from a day low at $65.34 to a day high of $65.87. The price has risen in 6 of the last 10 days and is up by 1.86% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 11 thousand shares were bought and sold for approximately $724.11 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 has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $65.37, a level that may pose a second chance to hit a runner. According to fan-theory $66.65 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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CFO Signals & Forecast
The Victory CEMP US 500 Enhanced Volatility 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 $65.21 and $63.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 7.60%. 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. 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.
Support, Risk & Stop-loss for Victory CEMP US 500 Enhanced Volatility ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $62.46 and $62.07. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Victory CEMP US 500 Enhanced Volatility finds support just below today's level at $62.46. If this is broken, then the next support from accumulated volume will be at $62.07 and $61.76.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.530 between high and low, or 0.81%. For the last week the ETF has had daily average volatility of 0.552%
Our recommended stop-loss: $63.46 (-3.66%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (CFO) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Victory CEMP US 500 Enhanced Volatility Wtd Index ETF to open at $65.69, and during the day (based on 14 day Average True Range), to move between $65.40 and $66.34, which gives a possible trading interval of +/-$0.470 (+/-0.71%) up or down from last closing price. If Victory CEMP US 500 Enhanced Volatility Wtd Index ETF takes out the full calculated possible swing range there will be an estimated 1.43% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $62.46, some $3.41 (5.18%) from the current price of $65.87, our system finds the risk reward attractive.
Is Victory CEMP US 500 Enhanced Volatility Wtd Index ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and the ETF has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Victory CEMP US 500 Enhanced Volatility ETF to perform well in the short-term period. Due to a possible false trend-break listing ETF as pure buy candidate is held back.
Current score: 3.838 Buy Candidate Unchanged
Predicted Opening Price for Victory CEMP US 500 Enhanced Volatility Wtd Index ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$65.69 ( 0.268%) | $65.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CFO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 66.22 | 0.536 % | |
R2 | 66.02 | 0.229 % | ||
R1 | 65.90 | 0.0392 % | ||
Current price: | 65.87 | |||
Support | S1 | 65.49 | -0.576 % | |
S2 | 65.37 | -0.765 % | ||
S3 | 65.16 | -1.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 65.87 | |||
Support | S1 | 62.46 | -5.18% | |
S2 | 62.07 | -5.77% | ||
S3 | 61.76 | -6.24% |
CFO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 11, 2024 | Mar 11, 2024 | Mar 13, 2024 | $0.123 | 0.190% |
2 | Feb 08, 2024 | Feb 09, 2024 | Feb 13, 2024 | $0.0361 | 0.0590% |
3 | Jan 10, 2024 | Jan 11, 2024 | Jan 16, 2024 | $0.205 | 0.342% |
4 | Dec 15, 2023 | Dec 18, 2023 | Dec 20, 2023 | $0.0986 | 0.165% |
5 | Nov 07, 2023 | Nov 08, 2023 | Nov 10, 2023 | $0.0670 | 0.117% |
FAQ
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