VANECK VECTORS NATURAL RESOURCES ETF Forecast
VANECK VECTORS NATURAL RESOURCES ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The VANECK VECTORS NATURAL RESOURCES ETF price fell by -0.206% on the last day (Friday, 28th Jun 2024) from $50.09 to $49.99. During the last trading day the ETF fluctuated 1.12% from a day low at $49.80 to a day high of $50.36. The price has been going up and down for this period, and there has been a 0.3% gain for the last 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 thousand shares were bought and sold for approximately $387.15 thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.55% during the next 3 months and, with a 90% probability hold a price between $47.98 and $51.39 at the end of this 3-month period.
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HAP Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.13%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The VANECK VECTORS NATURAL RESOURCES ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $50.10 and $51.33. A break-up above any of these levels will issue buy signals. VANECK VECTORS NATURAL RESOURCES gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for VANECK VECTORS NATURAL RESOURCES ETF
VANECK VECTORS NATURAL RESOURCES finds support from accumulated volume at $49.55 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 $0.560 between high and low, or 1.12%. For the last week the ETF has had daily average volatility of 0.581%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HAP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect VANECK VECTORS NATURAL RESOURCES ETF to open at $50.05, and during the day (based on 14 day Average True Range), to move between $49.48 and $50.49, which gives a possible trading interval of +/-$0.508 (+/-1.02%) up or down from last closing price. If VANECK VECTORS NATURAL RESOURCES ETF takes out the full calculated possible swing range there will be an estimated 2.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $49.55 (0.87%) than the resistance at $51.75 (3.54%), 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 NATURAL RESOURCES ETF ETF A Buy?
VANECK VECTORS NATURAL RESOURCES holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.114 Sell Candidate Downgraded
Predicted Opening Price for VANECK VECTORS NATURAL RESOURCES ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $50.05 ( 0.124%) | $49.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.61 | 1.24% |
| R2 | 50.39 | 0.82% |
| R1 | 50.26 | 0.552% |
| Price | 49.99 | |
| S1 | 49.83 | -0.304% |
| S2 | 49.70 | -0.568% |
| S3 | 49.49 | -1.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.30 | 6.63% |
| R2 | 52.82 | 5.67% |
| R1 | 51.75 | 3.54% |
| Price | 49.99 | |
| S1 | 49.55 | -0.87% |
| S2 | 49.44 | -1.09% |
| S3 | 49.43 | -1.11% |
HAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $1.60 | 3.34% |
| 2 | Dec 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $1.61 | 3.26% |
| 3 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $1.02 | 2.15% |
| 4 | Jan 14, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.94 | 2.46% |
| 5 | Nov 22, 2019 | Dec 23, 2019 | Dec 30, 2019 | $1.00 | 2.70% |
FAQ
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