Victory CEMP US Small Cap Volatility Wtd ETF Forecast
Stronger technical forecast for Victory CEMP US Small Cap Volatility Wtd ETF price after Friday trading.
(Updated on Apr 19, 2024)
The Victory CEMP US Small Cap Volatility Wtd ETF price gained 1.13% on the last trading day (Friday, 19th Apr 2024), rising from $64.35 to $65.07. During the last trading day the ETF fluctuated 0.641% from a day low at $64.66 to a day high of $65.07. The price has been going up and down for this period, and there has been a -3.66% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 137 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $75.10 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $64.41 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.93% during the next 3 months and, with a 90% probability hold a price between $66.29 and $71.68 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CSA Signals & Forecast
The Victory CEMP US Small Cap Volatility Wtd ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $65.12 and $66.85. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.14%. Further rise is indicated until a new top pivot has been found. Victory CEMP US Small Cap Volatility Wtd 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. The ETF had a Golden Star Signal on Thursday, February 08, 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 08, 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 US Small Cap Volatility Wtd ETF
Victory CEMP US Small Cap Volatility Wtd finds support from accumulated volume at $64.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.415 (0.641%) between high and low. For the last week, the ETF has had daily average volatility of 0.564%.
Our recommended stop-loss: $61.14 (-6.05%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CSA) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Victory CEMP US Small Cap Volatility Wtd Index ETF to open at $64.94, and during the day (based on 14 day Average True Range), to move between $64.46 and $65.69, which gives a possible trading interval of +/-$0.616 (+/-0.95%) up or down from last closing price. If Victory CEMP US Small Cap Volatility Wtd Index ETF takes out the full calculated possible swing range there will be an estimated 1.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $64.91 (0.25%) than the resistance at $65.65 (0.88%), 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 US Small Cap Volatility Wtd Index ETF ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.143 Buy Candidate Upgraded
Predicted Opening Price for Victory CEMP US Small Cap Volatility Wtd Index ETF of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$64.94 ( 0.212%) | $65.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 65.35 | 0.425 % | |
R2 | 65.19 | 0.181 % | ||
R1 | 65.09 | 0.0310 % | ||
Current price: | 65.07 | |||
Support | S1 | 64.78 | -0.456 % | |
S2 | 64.68 | -0.606 % | ||
S3 | 64.52 | -0.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 66.36 | 1.98 % | |
R2 | 65.70 | 0.96 % | ||
R1 | 65.65 | 0.88 % | ||
Current price | 65.07 | |||
Support | S1 | 64.91 | -0.254% | |
S2 | 64.73 | -0.524% | ||
S3 | 64.56 | -0.791% |
CSA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | Apr 15, 2024 | $0.0495 | 0.0761% |
2 | Mar 11, 2024 | Mar 11, 2024 | Mar 13, 2024 | $0.117 | 0.174% |
3 | Feb 08, 2024 | Feb 09, 2024 | Feb 13, 2024 | $0.0215 | 0.0335% |
4 | Dec 15, 2023 | Dec 18, 2023 | Dec 20, 2023 | $0.200 | 0.305% |
5 | Nov 07, 2023 | Nov 08, 2023 | Nov 10, 2023 | $0.0410 | 0.0714% |
FAQ
Click here for our free guide on how to buy Victory CEMP US Small Cap Volatility Wtd Index ETF ETF.