Victoryshares Westend U.s. Sector Etf ETF Forecast
Green day on Tuesday for Victoryshares Westend U.s. Sector Etf ETF after gaining 0.591%
(Updated on Jun 25, 2024)
The Victoryshares Westend U.s. Sector Etf ETF price gained 0.591% on the last trading day (Tuesday, 25th Jun 2024), rising from $37.24 to $37.46. During the last trading day the ETF fluctuated 0.456% from a day low at $37.29 to a day high of $37.46. The price has risen in 8 of the last 10 days and is up by 1.93% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $730.10 thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 7.34% during the next 3 months and, with a 90% probability hold a price between $38.41 and $41.15 at the end of this 3-month period.
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MODL Signals & Forecast
Mostly positive signals in the chart today. The Victoryshares Westend U.s. Sector Etf 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 $37.33 and $36.43. 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 10.57%. 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). Victoryshares Westend U.s. Sector Etf 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Victoryshares Westend U.s. Sector Etf ETF
Victoryshares Westend U.s. Sector Etf finds support from accumulated volume at $37.34 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 $0.170 between high and low, or 0.456%. For the last week the ETF has had daily average volatility of 0.499%.
The Victoryshares Westend U.s. Sector Etf ETF is extremely overbought on RSI14 (85). This increases the short-term risk substantially.
Our recommended stop-loss: $36.22 (-3.30%) (This ETF has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (MODL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Victoryshares Westend U.s. Sector Etf to open at $37.40, and during the day (based on 14 day Average True Range), to move between $37.21 and $37.71, which gives a possible trading interval of +/-$0.250 (+/-0.67%) up or down from last closing price. If Victoryshares Westend U.s. Sector Etf takes out the full calculated possible swing range there will be an estimated 1.33% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $37.34, some $0.120 (0.32%) from the current price of $37.46, our system finds the risk reward attractive.
Is Victoryshares Westend U.s. Sector 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 Victoryshares Westend U.s. Sector Etf ETF to perform well in the short-term.
Current score: 4.828 Buy Candidate Unchanged
Predicted Opening Price for Victoryshares Westend U.s. Sector Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $37.40 ( 0.151%) | $37.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MODL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.57 | 0.302% |
| R2 | 37.51 | 0.129% |
| R1 | 37.47 | 0.0221% |
| Price | 37.46 | |
| S1 | 37.34 | -0.324% |
| S2 | 37.30 | -0.431% |
| S3 | 37.23 | -0.605% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 37.46 | |
| S1 | 37.34 | -0.320% |
| S2 | 35.42 | -5.45% |
| S3 | 34.33 | -8.36% |
MODL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 09, 2024 | May 13, 2024 | $0.0094 | 0.0264% |
| 2 | Apr 10, 2024 | Apr 11, 2024 | Apr 15, 2024 | $0.0272 | 0.0792% |
| 3 | Mar 08, 2024 | Mar 11, 2024 | Mar 13, 2024 | $0.0378 | 0.107% |
| 4 | Feb 08, 2024 | Feb 09, 2024 | Feb 13, 2024 | $0.0119 | 0.0351% |
| 5 | May 09, 2023 | May 10, 2023 | May 12, 2023 | $0.0156 | 0.0533% |
FAQ
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