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
Evaluation of VanEck Vectors Trust - VanEck Vectors ETF downgraded after the last trading session.
(Updated on Jul 02, 2024)
The VanEck Vectors Trust - VanEck Vectors ETF price gained 0.550% on the last trading day (Tuesday, 2nd Jul 2024), rising from $12.73 to $12.80. During the last trading day the ETF fluctuated 3.41% from a day low at $12.60 to a day high of $13.03. The price has fallen in 6 of the last 10 days but is still up by 0.55% over the past 2 weeks. Volume fell on the last day by -26 thousand shares and in total, 108 thousand shares were bought and sold for approximately $1.39 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a wide and strong 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 32.77% during the next 3 months and, with a 90% probability hold a price between $14.55 and $17.64 at the end of this 3-month period.
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DAPP Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.467%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The VanEck Vectors Trust - VanEck Vectors ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.25 and $11.19. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for VanEck Vectors Trust - VanEck Vectors ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $12.06 and $10.47. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, VanEck Vectors Trust - VanEck Vectors finds support just below today's level at $12.06. If this is broken, then the next support from accumulated volume will be at $10.47 and $9.69.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.430 between high and low, or 3.41%. For the last week the ETF has had daily average volatility of 4.27%.
Our recommended stop-loss: $12.36 (-3.43%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (DAPP) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect VanEck Vectors ETF Trust - VanEck Vectors Digital Transformation ETF to open at $12.81, and during the day (based on 14 day Average True Range), to move between $12.16 and $13.44, which gives a possible trading interval of +/-$0.644 (+/-5.03%) 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 10.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.86 (0.47%) than the support at $12.06 (5.78%), 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 ETF Trust - VanEck Vectors Digital Transformation ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for VanEck Vectors Trust - VanEck Vectors ETF to perform well in the short-term. 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: 4.572 Buy Candidate Downgraded
Predicted Opening Price for VanEck Vectors ETF Trust - VanEck Vectors Digital Transformation ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $12.81 ( 0.0781%) | $12.80 |
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 | |
|---|---|---|
| R3 | 13.24 | 3.44% |
| R2 | 13.08 | 2.15% |
| R1 | 12.97 | 1.36% |
| Price | 12.80 | |
| S1 | 12.65 | -1.21% |
| S2 | 12.54 | -2.00% |
| S3 | 12.38 | -3.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 12.86 | 0.469% |
| Price | 12.80 | |
| S1 | 12.06 | -5.78% |
| S2 | 10.47 | -18.20% |
| S3 | 9.69 | -24.30% |
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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