Vaneck Vectors Video Gaming And Esports ETF Forecast
Vaneck Vectors Video Gaming And Esports ETF upgraded to Buy Candidate.
(Updated on Apr 23, 2024)
The Vaneck Vectors Video Gaming And Esports ETF price gained 1.10% on the last trading day (Tuesday, 23rd Apr 2024), rising from $59.11 to $59.76. During the last trading day the ETF fluctuated 1.21% from a day low at $59.26 to a day high of $59.98. The price has been going up and down for this period, and there has been a -3.86% 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, 2 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $907.22 thousand.
The ETF lies in the middle of a wide and 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 2.78% during the next 3 months and, with a 90% probability hold a price between $59.72 and $66.83 at the end of this 3-month period.
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ESPO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.95%. Further rise is indicated until a new top pivot has been found. Vaneck Vectors Video Gaming And Esports 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vaneck Vectors Video Gaming And Esports ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $61.70. On a fall, the ETF will find some support from the short-term average at $58.88. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Vaneck Vectors Video Gaming And Esports ETF
Vaneck Vectors Video Gaming And Esports finds support from accumulated volume at $59.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.720 (1.21%) between high and low. For the last week, the ETF has had daily average volatility of 1.13%.
Our recommended stop-loss: $56.68 (-5.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (ESPO) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Vaneck Vectors Video Gaming And Esports Etf to open at $59.67, and during the day (based on 14 day Average True Range), to move between $58.87 and $60.65, which gives a possible trading interval of +/-$0.89 (+/-1.49%) 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 2.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $60.02 (0.44%) than the support at $59.31 (0.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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: 2.588 Buy Candidate Upgraded
Predicted Opening Price for Vaneck Vectors Video Gaming And Esports Etf of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $59.67 ( 0.156%) | $59.76 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 60.39 | 1.05 % | |
| R2 | 60.11 | 0.588 % | ||
| R1 | 59.94 | 0.304 % | ||
| Current price: | 59.76 | |||
| Support | S1 | 59.39 | -0.616 % | |
| S2 | 59.22 | -0.90 % | ||
| S3 | 58.95 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.59 | 3.06 % | |
| R2 | 61.14 | 2.31 % | ||
| R1 | 60.02 | 0.435 % | ||
| Current price | 59.76 | |||
| Support | S1 | 59.31 | -0.753% | |
| S2 | 58.63 | -1.89% | ||
| S3 | 57.79 | -3.30% |
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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