VICTORY CEMP US SMALL CAP HIGH DIV 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 HIGH DIV ETF price ended at $52.94 on Tuesday, after losing 1.12%.
(Updated on Jun 25, 2024)
The VICTORY CEMP US SMALL CAP HIGH DIV ETF price fell by -1.12% on the last day (Tuesday, 25th Jun 2024) from $53.54 to $52.94. During the last trading day the ETF fluctuated 1.06% from a day low at $52.82 to a day high of $53.38. The price has been going up and down for this period, and there has been a -0.67% loss for the last 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 -12 thousand shares and in total, 16 thousand shares were bought and sold for approximately $823.90 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 US SMALL CAP HIGH DIV ETF with a 90% probability to be traded between $50.53 and $54.77 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 1.49%. 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 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 $54.38. On a fall, the ETF will find some support from the short-term average at $52.78. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
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 12.54% to $59.58 within 41 trading days since signal was issued (Wednesday, August 14, 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 $52.74 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 $0.559 between high and low, or 1.06%. For the last week the ETF has had daily average volatility of 0.95%
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect VICTORY CEMP US SMALL CAP HIGH DIV VOLATILITY WTD INDEX ETF to open at $53.05, and during the day (based on 14 day Average True Range), to move between $52.30 and $53.58, which gives a possible trading interval of +/-$0.641 (+/-1.21%) 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 2.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $52.74 (0.37%) than the resistance at $53.56 (1.18%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.057 Sell Candidate Unchanged
Predicted Opening Price for VICTORY CEMP US SMALL CAP HIGH DIV VOLATILITY WTD INDEX ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $53.05 ( 0.207%) | $52.94 |
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 | 53.60 | 1.26% |
| R2 | 53.39 | 0.86% |
| R1 | 53.26 | 0.611% |
| Price | 52.94 | |
| S1 | 52.83 | -0.196% |
| S2 | 52.70 | -0.445% |
| S3 | 52.49 | -0.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.89 | 3.70% |
| R2 | 54.60 | 3.14% |
| R1 | 53.56 | 1.18% |
| Price | 52.94 | |
| S1 | 52.74 | -0.371% |
| S2 | 52.18 | -1.42% |
| S3 | 52.16 | -1.47% |
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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