Vaneck Vectors Ucits Etfs Plc - Vaneck ETF Forecast

Weaker technical forecast for Vaneck Vectors Ucits Etfs Plc - Vaneck as ETF downgraded to Buy Candidate.
(Updated on Jul 03, 2024)

DAGB.L Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -3.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Vaneck Vectors Ucits Etfs Plc - Vaneck gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. The Vaneck Vectors Ucits Etfs Plc - Vaneck ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £6.81. On a fall, the ETF will find some support from the long-term average at approximately £6.10. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Vaneck Vectors Ucits Etfs Plc - Vaneck ETF

Vaneck Vectors Ucits Etfs Plc - Vaneck finds support from accumulated volume at £6.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved £0.200 between high and low, or 2.96%. For the last week, the ETF has had daily average volatility of 2.89%.

Our recommended stop-loss: £6.51 (-4.18%) (This ETF has high daily movements and this gives high risk. There is a sell signal from a pivot top found 41 days ago.)

Trading Expectations (DAGB.L) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Vaneck Vectors Ucits Etfs Plc - Vaneck Vectors Digital Assets Ucits Etf to open at £6.83, and during the day (based on 14 day Average True Range), to move between £6.44 and £7.15, which gives a possible trading interval of +/-£0.355 (+/-5.23%) up or down from last closing price. If Vaneck Vectors Ucits Etfs Plc - Vaneck Vectors Digital Assets Ucits Etf takes out the full calculated possible swing range there will be an estimated 10.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £6.80 (0.19%) than the support at £6.63 (2.34%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Vaneck Vectors Ucits Etfs Plc - Vaneck Vectors Digital Assets Ucits 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.288 Buy Candidate Downgraded

Predicted Opening Price for Vaneck Vectors Ucits Etfs Plc - Vaneck Vectors Digital Assets Ucits Etf of Thursday, July 4, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.