VICTORY CEMP US SMALL CAP HIGH DIV ETF Forecast
VICTORY CEMP US SMALL CAP HIGH DIV ETF price ended at $52.67 on Monday, after gaining 0.98%.
(Updated on Jun 17, 2024)
The VICTORY CEMP US SMALL CAP HIGH DIV ETF price gained 0.98% on the last trading day (Monday, 17th Jun 2024), rising from $52.16 to $52.67. During the last trading day the ETF fluctuated 1.50% from a day low at $51.89 to a day high of $52.67. The price has fallen in 8 of the last 10 days and is down by -4% for this period. Volume fell on the last day by -465 shares and in total, 17 thousand shares were bought and sold for approximately $878.18 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 at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $51.99 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect VICTORY CEMP US SMALL CAP HIGH DIV ETF with a 90% probability to be traded between $51.75 and $55.81 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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CSB Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.98%. Further rise is indicated until a new top pivot has been found. 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 HIGH DIV 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 $53.03 and $54.54. 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). 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 also not.
A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 13.11% to $59.58 within 41 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for VICTORY CEMP US SMALL CAP HIGH DIV ETF
VICTORY CEMP US SMALL CAP HIGH DIV finds support from accumulated volume at $52.48 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 controlled movements and therefore the general risk is considered 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 $0.781 between high and low, or 1.50%. For the last week the ETF has had daily average volatility of 1.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CSB) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect VICTORY CEMP US SMALL CAP HIGH DIV VOLATILITY WTD INDEX ETF to open at $52.41, and during the day (based on 14 day Average True Range), to move between $52.00 and $53.34, which gives a possible trading interval of +/-$0.672 (+/-1.28%) up or down from last closing price. If VICTORY CEMP US SMALL CAP HIGH DIV VOLATILITY WTD INDEX ETF takes out the full calculated possible swing range there will be an estimated 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $52.48 (0.36%) than the resistance at $53.39 (1.37%), 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 HIGH DIV VOLATILITY WTD INDEX ETF ETF A Buy?
VICTORY CEMP US SMALL CAP HIGH DIV holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.467 Sell Candidate Unchanged
Predicted Opening Price for VICTORY CEMP US SMALL CAP HIGH DIV VOLATILITY WTD INDEX ETF of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $52.41 ( 0.494%) | $52.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.19 | 0.99% |
| R2 | 52.89 | 0.422% |
| R1 | 52.71 | 0.0721% |
| Price | 52.67 | |
| S1 | 52.11 | -1.06% |
| S2 | 51.93 | -1.41% |
| S3 | 51.63 | -1.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.87 | 4.18% |
| R2 | 53.56 | 1.69% |
| R1 | 53.39 | 1.37% |
| Price | 52.67 | |
| S1 | 52.48 | -0.363% |
| S2 | 52.18 | -0.93% |
| S3 | 52.16 | -0.97% |
CSB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 09, 2024 | May 13, 2024 | $0.0201 | 0.0360% |
| 2 | Apr 11, 2024 | Apr 11, 2024 | Apr 15, 2024 | $0.0848 | 0.161% |
| 3 | Mar 11, 2024 | Mar 11, 2024 | Mar 13, 2024 | $0.274 | 0.505% |
| 4 | Feb 08, 2024 | Feb 09, 2024 | Feb 13, 2024 | $0.107 | 0.205% |
| 5 | Dec 15, 2023 | Dec 18, 2023 | Dec 20, 2023 | $0.450 | 0.81% |
FAQ
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