Vaneck Vectors Video Gaming And Esports ETF Forecast
Vaneck Vectors Video Gaming And Esports ETF price up 2.53% on Friday
(Updated on May 03, 2024)
The Vaneck Vectors Video Gaming And Esports ETF price gained 2.53% on the last trading day (Friday, 3rd May 2024), rising from $61.61 to $63.17. During the last trading day the ETF fluctuated 1.69% from a day low at $62.12 to a day high of $63.17. The price has risen in 7 of the last 10 days and is up by 8.82% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 138 more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately $825.38 thousand.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $63.64 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Vaneck Vectors Video Gaming And Esports ETF with a 90% probability to be traded between $57.28 and $62.93 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. 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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ESPO Signals & Forecast
Mostly positive signals in the chart today. 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, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $60.96 and $61.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.82%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Vaneck Vectors Video Gaming And Esports ETF
Vaneck Vectors Video Gaming And Esports finds support from accumulated volume at $61.59 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 $1.05 (1.69%) between high and low. For the last week, the ETF has had daily average volatility of 1.22%.
Our recommended stop-loss: $60.78 (-3.78%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (ESPO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Vaneck Vectors Video Gaming And Esports Etf to open at $62.82, and during the day (based on 14 day Average True Range), to move between $62.16 and $64.18, which gives a possible trading interval of +/-$1.01 (+/-1.59%) 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 3.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $63.18 (0.02%) than the support at $61.59 (2.50%), 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 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 period.
Current score: 3.715 Buy Candidate Unchanged
Predicted Opening Price for Vaneck Vectors Video Gaming And Esports Etf of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $62.82 ( 0.554%) | $63.17 |
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 | 63.87 | 1.11 % | |
| R2 | 63.47 | 0.473 % | ||
| R1 | 63.22 | 0.0809 % | ||
| Current price: | 63.17 | |||
| Support | S1 | 62.42 | -1.19 % | |
| S2 | 62.17 | -1.58 % | ||
| S3 | 61.77 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.06 | 1.41 % | |
| R2 | 63.94 | 1.22 % | ||
| R1 | 63.18 | 0.0158 % | ||
| Current price | 63.17 | |||
| Support | S1 | 61.59 | -2.50% | |
| S2 | 61.14 | -3.21% | ||
| S3 | 60.02 | -4.99% |
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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