Victory CEMP International High Div ETF Forecast
Victory CEMP International High Div ETF upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Victory CEMP International High Div ETF price gained 0.634% on the last trading day (Friday, 3rd May 2024), rising from $32.21 to $32.41. During the last trading day the ETF fluctuated 0% from a day low at $32.41 to a day high of $32.41. The price has risen in 7 of the last 10 days and is up by 2.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 more shares were traded than the day before. In total, 67 shares were bought and sold for approximately $2.17 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 3.62% during the next 3 months and, with a 90% probability hold a price between $32.45 and $34.16 at the end of this 3-month period.
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CID Signals & Forecast
Mostly positive signals in the chart today. The Victory CEMP International High Div 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 $32.10 and $32.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.28%. 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). Victory CEMP International High Div 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.
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%.
Our recommended stop-loss: $30.77 (-5.06%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (CID) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Victory CEMP International High Div Volatility Wtd Index ETF to open at $32.41, and during the day (based on 14 day Average True Range), to move between $32.19 and $32.63, which gives a possible trading interval of +/-$0.225 (+/-0.69%) 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 1.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.45 (0.12%) than the support at $31.05 (4.20%), 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 positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.422 Strong Buy Candidate Upgraded
Predicted Opening Price for Victory CEMP International High Div Volatility Wtd Index ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $32.41 ( 0%) | $32.41 |
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 | 32.41 | . | |
| R2 | 32.41 | . | ||
| R1 | 32.41 | . | ||
| Current price: | 32.41 | |||
| Support | S1 | 32.41 | . | |
| S2 | 32.41 | . | ||
| S3 | 32.41 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.56 | 0.453 % | |
| R2 | 32.51 | 0.309 % | ||
| R1 | 32.45 | 0.123 % | ||
| Current price | 32.41 | |||
| Support | S1 | 31.05 | -4.20% | |
| S2 | 31.03 | -4.26% | ||
| S3 | 30.81 | -4.94% |
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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