VanEck Vectors Energy Income ETF Forecast
VanEck Vectors Energy Income ETF price up 0.227% on Thursday
(Updated on Apr 18, 2024)
The VanEck Vectors Energy Income ETF price gained 0.227% on the last trading day (Thursday, 18th Apr 2024), rising from $73.79 to $73.96. During the last trading day the ETF fluctuated 0% from a day low at $73.96 to a day high of $73.96. The price has fallen in 7 of the last 10 days and is down by -3.74% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 125 more shares were traded than the day before. In total, 318 shares were bought and sold for approximately $23.52 thousand.
The ETF lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $73.55 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 13.82% during the next 3 months and, with a 90% probability hold a price between $83.72 and $89.94 at the end of this 3-month period.
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EINC Signals & Forecast
VanEck Vectors Energy Income 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VanEck Vectors Energy Income ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $74.32 and $74.28. 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 -3.76%. 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).
Support, Risk & Stop-loss for VanEck Vectors Energy Income ETF
VanEck Vectors Energy Income finds support from accumulated volume at $73.25 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.666%.
VanEck Vectors Energy Income is oversold on RSI14 (22). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EINC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect VanEck Vectors Energy Income ETF to open at $73.96, and during the day (based on 14 day Average True Range), to move between $73.22 and $74.69, which gives a possible trading interval of +/-$0.733 (+/-0.99%) up or down from last closing price. If VanEck Vectors Energy Income ETF takes out the full calculated possible swing range there will be an estimated 1.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $73.25 (0.96%) than the resistance at $74.76 (1.09%), 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 Energy Income ETF ETF A Buy?
The VanEck Vectors Energy Income ETF holds several negative signals and despite the positive trend, we believe VanEck Vectors Energy Income will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.826 Sell Candidate Unchanged
Predicted Opening Price for VanEck Vectors Energy Income ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $73.96 ( 0%) | $73.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EINC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.96 | . | |
| R2 | 73.96 | . | ||
| R1 | 73.96 | . | ||
| Current price: | 73.96 | |||
| Support | S1 | 73.96 | . | |
| S2 | 73.96 | . | ||
| S3 | 73.96 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.73 | 3.75 % | |
| R2 | 75.21 | 1.70 % | ||
| R1 | 74.76 | 1.09 % | ||
| Current price | 73.96 | |||
| Support | S1 | 73.25 | -0.96% | |
| S2 | 73.24 | -0.97% | ||
| S3 | 67.30 | -9.00% |
EINC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Feb 01, 2024 | Feb 07, 2024 | $0.628 | 0.94% |
| 2 | Dec 10, 2022 | Nov 01, 2023 | Nov 07, 2023 | $0.378 | 0.574% |
| 3 | Dec 10, 2022 | Aug 01, 2023 | Aug 10, 2023 | $1.11 | 1.70% |
| 4 | Dec 10, 2022 | May 01, 2023 | May 05, 2023 | $0.535 | 0.88% |
| 5 | Feb 01, 2023 | Feb 01, 2023 | Feb 01, 2023 | $0.562 | 0.89% |
FAQ
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