Vegtech Plant-based Innovation & Climate ETF Forecast
Red day on Friday for Vegtech Plant-based Innovation & Climate ETF after losing 0.264%
(Updated on Jun 28, 2024)
The Vegtech Plant-based Innovation & Climate ETF price fell by -0.264% on the last day (Friday, 28th Jun 2024) from $16.20 to $16.16. During the last trading day the ETF fluctuated 0.0452% from a day low at $16.15 to a day high of $16.16. The price has risen in 5 of the last 10 days but is still down by -2.31% for this period. Volume has increased on the last day by 970 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $20.99 thousand.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $16.02 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Vegtech Plant-based Innovation & Climate ETF with a 90% probability to be traded between $16.05 and $17.44 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EATV Signals & Forecast
There are few to no technical positive signals at the moment. The Vegtech Plant-based Innovation & Climate 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 $16.34 and $16.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -7.09%. 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). Vegtech Plant-based Innovation & Climate gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vegtech Plant-based Innovation & Climate ETF
Vegtech Plant-based Innovation & Climate finds support from accumulated volume at $16.14 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 $0.0073 between high and low, or 0.0452%. For the last week the ETF has had daily average volatility of 0.685%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EATV) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Vegtech Plant-based Innovation & Climate Etf to open at $16.15, and during the day (based on 14 day Average True Range), to move between $16.00 and $16.31, which gives a possible trading interval of +/-$0.155 (+/-0.96%) up or down from last closing price. If Vegtech Plant-based Innovation & Climate Etf takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.14 (0.11%) than the resistance at $16.55 (2.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vegtech Plant-based Innovation & Climate Etf ETF A Buy?
Vegtech Plant-based Innovation & Climate holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.303 Sell Candidate Unchanged
Predicted Opening Price for Vegtech Plant-based Innovation & Climate Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $16.15 ( 0.0151%) | $16.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EATV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.16 | 0.0301% |
| R2 | 16.16 | 0.0129% |
| R1 | 16.16 | 0.0022% |
| Price | 16.16 | |
| S1 | 16.15 | -0.0323% |
| S2 | 16.15 | -0.0430% |
| S3 | 16.15 | -0.0602% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.11 | 5.90% |
| R2 | 17.03 | 5.40% |
| R1 | 16.55 | 2.43% |
| Price | 16.16 | |
| S1 | 16.14 | -0.107% |
| S2 | 16.10 | -0.355% |
| S3 | 15.99 | -1.04% |
EATV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Dec 27, 2023 | Dec 29, 2023 | $0.138 | 0.86% |
| 2 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.0286 | 0.177% |
FAQ
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