VICTORY CEMP INTERNATIONAL VOLATILITY ETF Forecast
Weaker technical forecast for VICTORY CEMP INTERNATIONAL VOLATILITY as ETF downgraded to Hold/Accumulate.
(Updated on May 08, 2024)
The VICTORY CEMP INTERNATIONAL VOLATILITY ETF price fell by -0.116% on the last day (Wednesday, 8th May 2024) from $42.90 to $42.86. During the last trading day the ETF fluctuated 0.105% from a day low at $42.86 to a day high of $42.90. The price has risen in 6 of the last 10 days and is up by 2.43% 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 -4 thousand shares and in total, 252 shares were bought and sold for approximately $10.80 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect VICTORY CEMP INTERNATIONAL VOLATILITY ETF with a 90% probability to be traded between $41.47 and $43.90 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CIL Signals & Forecast
The VICTORY CEMP INTERNATIONAL 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 $42.35 and $42.33. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.116%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for VICTORY CEMP INTERNATIONAL VOLATILITY ETF
VICTORY CEMP INTERNATIONAL VOLATILITY finds support from accumulated volume at $42.81 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 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 $0.0450 between high and low, or 0.105%. For the last week the ETF has had daily average volatility of 0.320%
Our recommended stop-loss: $41.32 (-3.58%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CIL) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect VICTORY CEMP INTERNATIONAL VOLATILITY WTD INDEX ETF VICTORY CEMP INTERNATIONAL VOLATILITY WTD INDEX ETF to open at $42.87, and during the day (based on 14 day Average True Range), to move between $42.56 and $43.15, which gives a possible trading interval of +/-$0.293 (+/-0.68%) up or down from last closing price. If VICTORY CEMP INTERNATIONAL VOLATILITY WTD INDEX ETF VICTORY CEMP INTERNATIONAL VOLATILITY WTD INDEX ETF takes out the full calculated possible swing range there will be an estimated 1.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $42.81 (0.10%) than the resistance at $42.90 (0.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VICTORY CEMP INTERNATIONAL VOLATILITY WTD INDEX ETF VICTORY CEMP INTERNATIONAL VOLATILITY WTD INDEX ETF ETF A Buy?
VICTORY CEMP INTERNATIONAL VOLATILITY 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: 0.736 Hold/Accumulate Downgraded
Predicted Opening Price for VICTORY CEMP INTERNATIONAL VOLATILITY WTD INDEX ETF VICTORY CEMP INTERNATIONAL VOLATILITY WTD INDEX ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $42.87 ( 0.0350%) | $42.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.92 | 0.140 % | |
| R2 | 42.90 | 0.0999 % | ||
| R1 | 42.89 | 0.0751 % | ||
| Current price: | 42.86 | |||
| Support | S1 | 42.85 | -0.0051 % | |
| S2 | 42.84 | -0.0299 % | ||
| S3 | 42.83 | -0.0700 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.33 | 1.11 % | |
| R2 | 42.96 | 0.245 % | ||
| R1 | 42.90 | 0.116 % | ||
| Current price | 42.86 | |||
| Support | S1 | 42.81 | -0.0975% | |
| S2 | 41.75 | -2.58% | ||
| S3 | 41.60 | -2.92% |
CIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 15, 2024 | $0.181 | 0.437% |
| 2 | Mar 11, 2024 | Mar 11, 2024 | Mar 13, 2024 | $0.0766 | 0.178% |
| 3 | Feb 08, 2024 | Feb 09, 2024 | Feb 13, 2024 | $0.0090 | 0.0223% |
| 4 | Jan 10, 2024 | Jan 11, 2024 | Jan 16, 2024 | $0.0268 | 0.0653% |
| 5 | Dec 15, 2023 | Dec 18, 2023 | Dec 20, 2023 | $0.0963 | 0.237% |
FAQ
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