Victory CEMP International High Div ETF Forecast
Red day on Wednesday for Victory CEMP International High Div ETF after losing 0.262%
(Updated on May 01, 2024)
The Victory CEMP International High Div ETF price fell by -0.262% on the last day (Wednesday, 1st May 2024) from $31.89 to $31.81. During the last trading day the ETF fluctuated 0% from a day low at $31.81 to a day high of $31.81. The price has risen in 6 of the last 10 days and is up by 1.71% over the past 2 weeks. Volume has increased on the last day by 63 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 81 shares were bought and sold for approximately $2.58 thousand.
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 3.39% during the next 3 months and, with a 90% probability hold a price between $32.33 and $34.03 at the end of this 3-month period.
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CID Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Victory CEMP International High Div ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $32.01 and $32.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.50%. Further fall is indicated until a new bottom pivot has been found. Victory CEMP International High Div gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Victory CEMP International High Div ETF
Victory CEMP International High Div finds support from accumulated volume at $31.05 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.157%.
Our recommended stop-loss: $30.66 (-3.60%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (CID) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Victory CEMP International High Div Volatility Wtd Index ETF to open at $31.81, and during the day (based on 14 day Average True Range), to move between $31.59 and $32.02, which gives a possible trading interval of +/-$0.214 (+/-0.67%) up or down from last closing price. If Victory CEMP International High Div Volatility Wtd Index ETF takes out the full calculated possible swing range there will be an estimated 1.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.04 (0.74%) than the support at $31.05 (2.37%), 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 International High Div Volatility Wtd Index ETF ETF A Buy?
Victory CEMP International High Div holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.626 Hold/Accumulate Unchanged
Predicted Opening Price for Victory CEMP International High Div Volatility Wtd Index ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $31.81 ( 0.00000000%) | $31.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CID
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.81 | 0.00000000 % | |
| R2 | 31.81 | 0.00000000 % | ||
| R1 | 31.81 | 0.00000000 % | ||
| Current price: | 31.81 | |||
| Support | S1 | 31.81 | 0.00000000 % | |
| S2 | 31.81 | 0.00000000 % | ||
| S3 | 31.81 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.31 | 1.59 % | |
| R2 | 32.23 | 1.33 % | ||
| R1 | 32.04 | 0.739 % | ||
| Current price | 31.81 | |||
| Support | S1 | 31.05 | -2.37% | |
| S2 | 31.03 | -2.44% | ||
| S3 | 30.81 | -3.13% |
CID Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 15, 2024 | $0.165 | 0.526% |
| 2 | Mar 11, 2024 | Mar 11, 2024 | Mar 13, 2024 | $0.122 | 0.380% |
| 3 | Dec 15, 2023 | Dec 18, 2023 | Dec 20, 2023 | $0.218 | 0.692% |
| 4 | Nov 07, 2023 | Nov 08, 2023 | Nov 10, 2023 | $0.0350 | 0.118% |
| 5 | Oct 10, 2023 | Oct 11, 2023 | Oct 13, 2023 | $0.137 | 0.465% |
FAQ
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