Vaneck Etf Trust 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
Vaneck Etf Trust ETF price up 0.0902% on Friday
(Updated on Jun 28, 2024)
The Vaneck Etf Trust ETF price gained 0.0902% on the last trading day (Friday, 28th Jun 2024), rising from $35.48 to $35.51. During the last trading day the ETF fluctuated 0.0507% from a day low at $35.51 to a day high of $35.53. The price has been going up and down for this period, and there has been a -2.06% loss 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, 206 more shares were traded than the day before. In total, 206 shares were bought and sold for approximately $7.32 thousand.
The ETF lies in the middle of a 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 2.29% during the next 3 months and, with a 90% probability hold a price between $35.08 and $37.58 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DESK Signals & Forecast
The Vaneck Etf Trust 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 $35.54. On a fall, the ETF will find some support from the long-term average at approximately $35.35. 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. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.0902%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Vaneck Etf Trust has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vaneck Etf Trust ETF
Vaneck Etf Trust finds support from accumulated volume at $35.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0180 between high and low, or 0.0507%. For the last week the ETF has had daily average volatility of 0.0101%.
Our recommended stop-loss: $33.40 (-5.94%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (DESK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Vaneck Etf Trust to open at $35.52, and during the day (based on 14 day Average True Range), to move between $35.09 and $35.94, which gives a possible trading interval of +/-$0.424 (+/-1.19%) up or down from last closing price. If Vaneck Etf Trust takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.35 (0.46%) than the resistance at $35.85 (0.95%), 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 Etf Trust ETF A Buy?
Vaneck Etf Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Vaneck Etf Trust of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$35.52 ( 0.0169%) | $35.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DESK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.54 | 0.0676% |
R2 | 35.53 | 0.0482% |
R1 | 35.52 | 0.0363% |
Price | 35.51 | |
S1 | 35.51 | -0.0025% |
S2 | 35.51 | -0.0144% |
S3 | 35.50 | -0.0338% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 36.26 | 2.11% |
R2 | 35.87 | 1.01% |
R1 | 35.85 | 0.95% |
Price | 35.51 | |
S1 | 35.35 | -0.456% |
S2 | 34.90 | -1.72% |
S3 | 34.88 | -1.78% |
DESK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 13, 2023 | Apr 01, 2024 | Apr 05, 2024 | $0.479 | 1.35% |
2 | Dec 26, 2023 | Dec 27, 2023 | Dec 29, 2023 | $0.667 | 1.73% |
FAQ
Click here for our free guide on how to buy Vaneck Etf Trust ETF.