VanEck Vectors Trust - VanEck Vectors ETF Forecast
Green day on Friday for VanEck Vectors Trust - VanEck Vectors ETF after gaining 1.96%
(Updated on May 03, 2024)
The VanEck Vectors Trust - VanEck Vectors ETF price gained 1.96% on the last trading day (Friday, 3rd May 2024), rising from $9.17 to $9.35. During the last trading day the ETF fluctuated 4.11% from a day low at $9.25 to a day high of $9.63. The price has been going up and down for this period, and there has been a 4% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 71 thousand more shares were traded than the day before. In total, 180 thousand shares were bought and sold for approximately $1.68 million.
The ETF lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.48% during the next 3 months and, with a 90% probability hold a price between $7.59 and $12.06 at the end of this 3-month period.
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DAPP Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VanEck Vectors Trust - VanEck Vectors 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 $9.40 and $10.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -19.74%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for VanEck Vectors Trust - VanEck Vectors ETF
VanEck Vectors Trust - VanEck Vectors finds support from accumulated volume at $9.15 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 $0.380 between high and low, or 4.11%. For the last week, the ETF has had daily average volatility of 5.40%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect VanEck Vectors ETF Trust - VanEck Vectors Digital Transformation ETF to open at $9.41, and during the day (based on 14 day Average True Range), to move between $8.76 and $9.94, which gives a possible trading interval of +/-$0.589 (+/-6.30%) 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 12.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.15 (2.14%) than the resistance at $9.86 (5.45%), 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?
The VanEck Vectors Trust - VanEck Vectors ETF holds several negative signals and despite the positive trend, we believe VanEck Vectors Trust - VanEck Vectors will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.042 Sell Candidate Unchanged
Predicted Opening Price for VanEck Vectors ETF Trust - VanEck Vectors Digital Transformation ETF of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$9.41 ( 0.642%) | $9.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DAPP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.79 | 4.71 % | |
R2 | 9.64 | 3.15 % | ||
R1 | 9.56 | 2.19 % | ||
Current price: | 9.35 | |||
Support | S1 | 9.26 | -0.91 % | |
S2 | 9.18 | -1.87 % | ||
S3 | 9.03 | -3.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.26 | 20.43 % | |
R2 | 10.80 | 15.51 % | ||
R1 | 9.86 | 5.45 % | ||
Current price | 9.35 | |||
Support | S1 | 9.15 | -2.14% | |
S2 | 8.83 | -5.56% | ||
S3 | 8.40 | -10.16% |
DAPP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $1.88 | 9.08% |
FAQ
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