Victory CEMP US Small Cap Volatility Wtd ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Victory CEMP US Small Cap Volatility Wtd ETF upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Victory CEMP US Small Cap Volatility Wtd ETF price gained 0.543% on the last trading day (Tuesday, 2nd Jul 2024), rising from $66.87 to $67.23. During the last trading day the ETF fluctuated 0.0141% from a day low at $67.22 to a day high of $67.23. The price has risen in 6 of the last 10 days and is up by 1.05% over the past 2 weeks. Volume fell on the last day by -737 shares and in total, 205 shares were bought and sold for approximately $13.78 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 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 US Small Cap Volatility Wtd ETF with a 90% probability to be traded between $65.93 and $70.81 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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CSA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.17%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Victory CEMP US Small Cap Volatility Wtd ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $67.67. On a fall, the ETF will find some support from the short-term average at $67.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
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 $67.21 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 $0.0095 between high and low, or 0.0141%. For the last week the ETF has had daily average volatility of 0.205%
Our recommended stop-loss: $63.95 (-4.88%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (CSA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Victory CEMP US Small Cap Volatility Wtd Index ETF to open at $67.23, and during the day (based on 14 day Average True Range), to move between $66.69 and $67.76, which gives a possible trading interval of +/-$0.535 (+/-0.80%) 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 1.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $67.21 (0.03%) than the resistance at $67.27 (0.06%), 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 short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Victory CEMP US Small Cap Volatility Wtd ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.026 Buy Candidate Upgraded
Predicted Opening Price for Victory CEMP US Small Cap Volatility Wtd Index ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $67.23 ( 0.0047%) | $67.23 |
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 | |
|---|---|---|
| R3 | 67.24 | 0.0094% |
| R2 | 67.23 | 0.0040% |
| R1 | 67.23 | 0.0007% |
| Price | 67.23 | |
| S1 | 67.22 | -0.0101% |
| S2 | 67.22 | -0.0134% |
| S3 | 67.22 | -0.0188% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 68.81 | 2.34% |
| R2 | 67.95 | 1.07% |
| R1 | 67.27 | 0.0565% |
| Price | 67.23 | |
| S1 | 67.21 | -0.0309% |
| S2 | 66.57 | -0.98% |
| S3 | 65.65 | -2.35% |
CSA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 09, 2024 | May 13, 2024 | $0.0183 | 0.0266% |
| 2 | Apr 11, 2024 | Apr 11, 2024 | Apr 15, 2024 | $0.0495 | 0.0761% |
| 3 | Mar 11, 2024 | Mar 11, 2024 | Mar 13, 2024 | $0.117 | 0.174% |
| 4 | Feb 08, 2024 | Feb 09, 2024 | Feb 13, 2024 | $0.0215 | 0.0335% |
| 5 | Dec 15, 2023 | Dec 18, 2023 | Dec 20, 2023 | $0.200 | 0.305% |
FAQ
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