VanEck Vectors Investment Grade Floating ETF Forecast

VanEck Vectors Investment Grade Floating ETF price down 0% on Friday
(Updated on Apr 19, 2024)

FLTR Signals & Forecast

The VanEck Vectors Investment Grade Floating ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $25.43. On a fall, the ETF will find some support from the long-term average at approximately $25.42. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 0.236%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The ETF had a Golden Star Signal on Tuesday, January 09, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for VanEck Vectors Investment Grade Floating ETF

VanEck Vectors Investment Grade Floating finds support from accumulated volume at $25.42 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 $0.0100 between high and low, or 0.0393%. For the last week the ETF has had daily average volatility of 0.102%.

Our recommended stop-loss: $23.54 (-7.44%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (FLTR) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect VanEck Vectors Investment Grade Floating Rate ETF to open at $25.43, and during the day (based on 14 day Average True Range), to move between $25.40 and $25.46, which gives a possible trading interval of +/-$0.0274 (+/-0.11%) up or down from last closing price. If VanEck Vectors Investment Grade Floating Rate ETF takes out the full calculated possible swing range there will be an estimated 0.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.42 (0.04%) than the resistance at $25.44 (0.04%), 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 Investment Grade Floating Rate 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 Investment Grade Floating ETF to perform well in the short-term period.

Current score: 3.259 Buy Candidate Unchanged

Predicted Opening Price for VanEck Vectors Investment Grade Floating Rate ETF of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.