GOLDMAN SACHS HEDGE INDUSTRY VIP ETF Forecast
Green day on Tuesday for GOLDMAN SACHS HEDGE INDUSTRY VIP
(Updated on Jun 18, 2024)
The GOLDMAN SACHS HEDGE INDUSTRY VIP ETF price gained 0.602% on the last trading day (Tuesday, 18th Jun 2024), rising from $111.32 to $111.99. During the last trading day the ETF fluctuated 0.385% from a day low at $111.56 to a day high of $111.99. The price has been going up and down for this period, and there has been a 3.36% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 927 shares were bought and sold for approximately $103.82 thousand. 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 upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $112.78 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 3.12% during the next 3 months and, with a 90% probability hold a price between $107.82 and $116.30 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GVIP Signals & Forecast
The GOLDMAN SACHS HEDGE INDUSTRY VIP 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 $110.72 and $109.65. 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 9.43%. 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 the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for GOLDMAN SACHS HEDGE INDUSTRY VIP ETF
GOLDMAN SACHS HEDGE INDUSTRY VIP finds support from accumulated volume at $111.54 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.430 between high and low, or 0.385%. For the last week the ETF has had daily average volatility of 0.549%
Our recommended stop-loss: $108.23 (-3.36%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (GVIP) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect GOLDMAN SACHS HEDGE INDUSTRY VIP ETF GOLDMAN SACHS HEDGE INDUSTRY VIP ETF to open at $111.85, and during the day (based on 14 day Average True Range), to move between $110.92 and $113.06, which gives a possible trading interval of +/-$1.07 (+/-0.96%) up or down from last closing price. If GOLDMAN SACHS HEDGE INDUSTRY VIP ETF GOLDMAN SACHS HEDGE INDUSTRY VIP ETF takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $111.54, some $0.450 (0.40%) from the current price of $111.99, our system finds the risk reward attractive.
Is GOLDMAN SACHS HEDGE INDUSTRY VIP ETF GOLDMAN SACHS HEDGE INDUSTRY VIP 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 GOLDMAN SACHS HEDGE INDUSTRY VIP ETF to perform well in the short-term.
Current score: 4.425 Buy Candidate Unchanged
Predicted Opening Price for GOLDMAN SACHS HEDGE INDUSTRY VIP ETF GOLDMAN SACHS HEDGE INDUSTRY VIP ETF of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $111.85 ( 0.128%) | $111.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GVIP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 112.28 | 0.256% |
| R2 | 112.11 | 0.109% |
| R1 | 112.01 | 0.0187% |
| Price | 111.99 | |
| S1 | 111.68 | -0.274% |
| S2 | 111.58 | -0.365% |
| S3 | 111.42 | -0.511% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 111.99 | |
| S1 | 111.54 | -0.402% |
| S2 | 109.12 | -2.57% |
| S3 | 106.41 | -4.98% |
GVIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Dec 26, 2023 | Dec 26, 2023 | $0.741 | 0.772% |
| 2 | Dec 23, 2022 | Dec 27, 2022 | Jan 03, 2023 | $0.0100 | 0.0145% |
| 3 | Jan 17, 2020 | Mar 25, 2020 | Mar 31, 2020 | $0.112 | 0.220% |
| 4 | Jan 24, 2019 | Dec 24, 2019 | Dec 31, 2019 | $0.0080 | 0.0126% |
| 5 | Jan 24, 2019 | Sep 24, 2019 | Sep 30, 2019 | $0.116 | 0.208% |
FAQ
Click here for our free guide on how to buy GOLDMAN SACHS HEDGE INDUSTRY VIP ETF GOLDMAN SACHS HEDGE INDUSTRY VIP ETF ETF.
