Vaneck Vectors Video Gaming And Esports ETF Forecast
Stronger technical forecast for Vaneck Vectors Video Gaming And Esports ETF price after Tuesday trading.
(Updated on Jul 02, 2024)
The Vaneck Vectors Video Gaming And Esports ETF price gained 0.86% on the last trading day (Tuesday, 2nd Jul 2024), rising from $66.10 to $66.67. During the last trading day the ETF fluctuated 1.20% from a day low at $65.91 to a day high of $66.70. The price has risen in 7 of the last 10 days and is up by 1.09% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 30 thousand shares were bought and sold for approximately $2.00 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 13.09% during the next 3 months and, with a 90% probability hold a price between $73.21 and $80.95 at the end of this 3-month period.
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ESPO Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -3.81%. 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). The Vaneck Vectors Video Gaming And Esports 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 $66.52 and $66.29. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for Vaneck Vectors Video Gaming And Esports ETF
Vaneck Vectors Video Gaming And Esports finds support from accumulated volume at $66.58 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 $0.790 between high and low, or 1.20%. For the last week the ETF has had daily average volatility of 0.95%.
Our recommended stop-loss: $64.22 (-3.67%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (ESPO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Vaneck Vectors Video Gaming And Esports Etf to open at $66.43, and during the day (based on 14 day Average True Range), to move between $65.79 and $67.55, which gives a possible trading interval of +/-$0.88 (+/-1.33%) up or down from last closing price. If Vaneck Vectors Video Gaming And Esports Etf takes out the full calculated possible swing range there will be an estimated 2.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $66.58 (0.13%) than the resistance at $67.06 (0.58%), 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 Video Gaming And Esports 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 Video Gaming And Esports ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 4.234 Buy Candidate Upgraded
Predicted Opening Price for Vaneck Vectors Video Gaming And Esports Etf of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $66.43 ( 0.365%) | $66.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESPO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 67.22 | 0.82% |
| R2 | 66.91 | 0.367% |
| R1 | 66.73 | 0.0877% |
| Price | 66.67 | |
| S1 | 66.12 | -0.82% |
| S2 | 65.94 | -1.10% |
| S3 | 65.64 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 68.41 | 2.61% |
| R2 | 67.86 | 1.78% |
| R1 | 67.06 | 0.585% |
| Price | 66.67 | |
| S1 | 66.58 | -0.135% |
| S2 | 66.10 | -0.85% |
| S3 | 58.63 | -12.06% |
ESPO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.542 | 0.98% |
| 2 | Dec 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $0.392 | 0.93% |
| 3 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $2.23 | 3.31% |
| 4 | Dec 18, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.0850 | 0.125% |
| 5 | Jan 16, 2019 | Dec 23, 2019 | Dec 30, 2019 | $0.0830 | 0.219% |
FAQ
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