VanEck Vectors Trust - VanEck Vectors 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
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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