VanEck Vectors Trust - VanEck Vectors ETF Forecast

VanEck Vectors Trust - VanEck Vectors ETF downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)

DAPP Signals & Forecast

There are mixed signals in the ETF today. The VanEck Vectors Trust - VanEck Vectors 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 $10.22. On a fall, the ETF will find some support from the short-term average at $9.32. 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. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -13.91%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for VanEck Vectors Trust - VanEck Vectors ETF

VanEck Vectors Trust - VanEck Vectors finds support from accumulated volume at $9.90 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 $0.490 between high and low, or 4.91%. For the last week, the ETF has had daily average volatility of 6.16%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DAPP) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect VanEck Vectors ETF Trust - VanEck Vectors Digital Transformation ETF to open at $10.15, and during the day (based on 14 day Average True Range), to move between $9.41 and $10.65, which gives a possible trading interval of +/-$0.615 (+/-6.13%) up or down from last closing price. If VanEck Vectors ETF Trust - VanEck Vectors Digital Transformation ETF takes out the full calculated possible swing range there will be an estimated 12.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.90 (1.30%) than the resistance at $10.40 (3.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is VanEck Vectors ETF Trust - VanEck Vectors Digital Transformation ETF ETF A Buy?

VanEck Vectors Trust - VanEck Vectors 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.

Current score: -4.647 Sell Candidate Downgraded

Predicted Opening Price for VanEck Vectors ETF Trust - VanEck Vectors Digital Transformation ETF of Thursday, April 25, 2024

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