VanEck Vectors Egypt Index 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 Vectors Egypt Index ETF price down 0% on Friday
(Updated on May 03, 2024)
No changes to the price of VanEck Vectors Egypt Index ETF on the last trading day (Friday, 3rd May 2024). During the last trading day the ETF fluctuated 0% from a day low at $21.49 to a day high of $21.49. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -25.32% during the next 3 months and, with a 90% probability hold a price between $11.66 and $19.07 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EGPT Signals & Forecast
The VanEck Vectors Egypt Index 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 $21.49 and $21.45. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for VanEck Vectors Egypt Index ETF
VanEck Vectors Egypt Index finds support from accumulated volume at $21.48 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0%
Our recommended stop-loss: $20.63 (-4.00%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (EGPT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect VanEck Vectors Egypt Index ETF to open at $21.49, and during the day (based on 14 day Average True Range), to move between $21.37 and $21.61, which gives a possible trading interval of +/-$0.118 (+/-0.55%) up or down from last closing price. If VanEck Vectors Egypt Index ETF takes out the full calculated possible swing range there will be an estimated 1.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.48 (0.04%) than the resistance at $21.50 (0.05%), 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 Egypt Index ETF ETF A Buy?
VanEck Vectors Egypt Index 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 Vectors Egypt Index ETF of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$21.49 ( 0%) | $21.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EGPT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.49 | . | |
R2 | 21.49 | . | ||
R1 | 21.49 | . | ||
Current price: | 21.49 | |||
Support | S1 | 21.49 | . | |
S2 | 21.49 | . | ||
S3 | 21.49 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.47 | 23.18 % | |
R2 | 21.91 | 1.95 % | ||
R1 | 21.50 | 0.0465 % | ||
Current price | 21.49 | |||
Support | S1 | 21.48 | -0.0428% | |
S2 | 21.45 | -0.186% | ||
S3 | 21.00 | -2.28% |
EGPT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.0312 | 0.145% |
2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $1.46 | 5.86% |
3 | Jan 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $0.267 | 1.34% |
4 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $0.665 | 2.47% |
5 | Jan 14, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.625 | 2.52% |
FAQ
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