VANECK VECTORS ISRAEL ETF Forecast
VANECK VECTORS ISRAEL ETF upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)
The VANECK VECTORS ISRAEL ETF price gained 0.170% on the last trading day (Wednesday, 26th Jun 2024), rising from $35.43 to $35.49. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.91% from a day low at $35.17 to a day high of $35.49. The price has risen in 5 of the last 10 days but is still down by -1% for this period. 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, 3 thousand shares were bought and sold for approximately $92.59 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect VANECK VECTORS ISRAEL ETF with a 90% probability to be traded between $34.07 and $36.76 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.
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ISRA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). VANECK VECTORS ISRAEL 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VANECK VECTORS ISRAEL 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 $35.50 and $35.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.29%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for VANECK VECTORS ISRAEL ETF
VANECK VECTORS ISRAEL finds support from accumulated volume at $34.50 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 $0.320 between high and low, or 0.91%. For the last week the ETF has had daily average volatility of 0.609%.
Our recommended stop-loss: $33.38 (-5.94%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (ISRA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect VANECK VECTORS ISRAEL ETF to open at $35.38, and during the day (based on 14 day Average True Range), to move between $35.14 and $35.84, which gives a possible trading interval of +/-$0.349 (+/-0.98%) up or down from last closing price. If VANECK VECTORS ISRAEL ETF takes out the full calculated possible swing range there will be an estimated 1.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.67 (0.51%) than the support at $34.50 (2.79%), 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 ISRAEL ETF ETF A Buy?
VANECK VECTORS ISRAEL holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.952 Hold/Accumulate Upgraded
Predicted Opening Price for VANECK VECTORS ISRAEL ETF of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $35.38 ( 0.301%) | $35.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISRA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.70 | 0.601% |
| R2 | 35.58 | 0.257% |
| R1 | 35.51 | 0.0439% |
| Price | 35.49 | |
| S1 | 35.26 | -0.645% |
| S2 | 35.19 | -0.86% |
| S3 | 35.06 | -1.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.57 | 3.03% |
| R2 | 35.85 | 1.01% |
| R1 | 35.67 | 0.507% |
| Price | 35.49 | |
| S1 | 34.50 | -2.79% |
| S2 | 34.38 | -3.13% |
| S3 | 33.99 | -4.23% |
ISRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.663 | 1.93% |
| 2 | Dec 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $0.485 | 1.36% |
| 3 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $0.621 | 1.27% |
| 4 | Jan 14, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.0760 | 0.170% |
| 5 | Jan 16, 2019 | Dec 23, 2019 | Dec 30, 2019 | $0.485 | 1.39% |
FAQ
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