VanEck Vectors Morningstar Wide Moat ETF Forecast
Weaker technical forecast for VanEck Vectors Morningstar Wide Moat as ETF downgraded to Hold/Accumulate.
(Updated on May 16, 2024)
The VanEck Vectors Morningstar Wide Moat ETF price fell by -0.156% on the last day (Thursday, 16th May 2024) from $89.72 to $89.58. During the last trading day the ETF fluctuated 0.402% from a day low at $89.50 to a day high of $89.86. The price has risen in 9 of the last 10 days and is up by 4.6% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -262 thousand shares and in total, 591 thousand shares were bought and sold for approximately $52.95 million.
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 $89.75 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect VanEck Vectors Morningstar Wide Moat ETF with a 90% probability to be traded between $83.62 and $89.48 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MOAT Signals & Forecast
The VanEck Vectors Morningstar Wide Moat 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 $88.56 and $86.81. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.156%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -10.55% to $80.13 within 33 trading days since signal was issued (Friday, May 17, 2024).
Support, Risk & Stop-loss for VanEck Vectors Morningstar Wide Moat ETF
VanEck Vectors Morningstar Wide Moat finds support from accumulated volume at $88.33 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 $0.360 between high and low, or 0.402%. For the last week the ETF has had daily average volatility of 0.523%.
The VanEck Vectors Morningstar Wide Moat ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: $86.48 (-3.46%) (This ETF has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MOAT) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect VanEck Vectors Morningstar Wide Moat ETF to open at $89.65, and during the day (based on 14 day Average True Range), to move between $88.77 and $90.39, which gives a possible trading interval of +/-$0.81 (+/-0.90%) up or down from last closing price. If VanEck Vectors Morningstar Wide Moat ETF takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $89.72 (0.16%) than the support at $88.33 (1.40%), 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 Morningstar Wide Moat ETF ETF A Buy?
VanEck Vectors Morningstar Wide Moat holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.114 Hold/Accumulate Downgraded
Predicted Opening Price for VanEck Vectors Morningstar Wide Moat ETF of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $89.65 ( 0.0744%) | $89.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOAT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 90.01 | 0.476 % | |
| R2 | 89.87 | 0.323 % | ||
| R1 | 89.78 | 0.228 % | ||
| Current price: | 89.58 | |||
| Support | S1 | 89.51 | -0.0791 % | |
| S2 | 89.42 | -0.174 % | ||
| S3 | 89.29 | -0.327 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 89.90 | 0.357 % | ||
| R1 | 89.72 | 0.156 % | ||
| Current price | 89.58 | |||
| Support | S1 | 88.33 | -1.40% | |
| S2 | 86.26 | -3.71% | ||
| S3 | 84.98 | -5.14% |
MOAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.729 | 0.86% |
| 2 | Dec 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $0.81 | 1.25% |
| 3 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $0.82 | 1.08% |
| 4 | Dec 18, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.90 | 1.46% |
| 5 | Dec 23, 2019 | Dec 23, 2019 | Dec 30, 2019 | $0.717 | 1.30% |
FAQ
Click here for our free guide on how to buy VanEck Vectors Morningstar Wide Moat ETF ETF.
