VanEck Vectors Mortgage REIT Income ETF Forecast
Green day on Thursday for VanEck Vectors Mortgage REIT Income ETF after gaining 1.04%
(Updated on Mar 28, 2024)
The VanEck Vectors Mortgage REIT Income ETF price gained 1.04% on the last trading day (Thursday, 28th Mar 2024), rising from $11.57 to $11.69. During the last trading day the ETF fluctuated 0.99% from a day low at $11.58 to a day high of $11.70. The price has risen in 6 of the last 10 days and is up by 5.32% 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, 36 thousand more shares were traded than the day before. In total, 292 thousand shares were bought and sold for approximately $3.41 million.
Given the current short-term trend, the ETF is expected to fall -3.53% during the next 3 months and, with a 90% probability hold a price between $10.06 and $11.28 at the end of this 3-month period. 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.
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MORT Signals & Forecast
Mostly positive signals in the chart today. The VanEck Vectors Mortgage REIT Income 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 $11.49 and $11.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 9.87%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Wednesday, March 06, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Wednesday, March 06, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for VanEck Vectors Mortgage REIT Income ETF
VanEck Vectors Mortgage REIT Income finds support from accumulated volume at $11.49 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 $0.115 between high and low, or 0.99%. For the last week the ETF has had daily average volatility of 1.46%.
Our recommended stop-loss: $11.25 (-3.74%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (MORT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect VanEck Vectors Mortgage REIT Income ETF to open at $11.66, and during the day (based on 14 day Average True Range), to move between $11.50 and $11.88, which gives a possible trading interval of +/-$0.194 (+/-1.66%) up or down from last closing price. If VanEck Vectors Mortgage REIT Income ETF takes out the full calculated possible swing range there will be an estimated 3.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.76 (0.60%) than the support at $11.49 (1.71%), 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 Mortgage REIT Income ETF ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
Current score: 2.169 Buy Candidate Unchanged
Predicted Opening Price for VanEck Vectors Mortgage REIT Income ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$11.66 ( 0.299%) | $11.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MORT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.77 | 0.684 % | |
R2 | 11.73 | 0.309 % | ||
R1 | 11.70 | 0.0764 % | ||
Current price: | 11.69 | |||
Support | S1 | 11.61 | -0.675 % | |
S2 | 11.58 | -0.91 % | ||
S3 | 11.54 | -1.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.87 | 1.54 % | |
R2 | 11.82 | 1.11 % | ||
R1 | 11.76 | 0.599 % | ||
Current price | 11.69 | |||
Support | S1 | 11.49 | -1.71% | |
S2 | 11.27 | -3.59% | ||
S3 | 11.23 | -3.93% |
MORT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.341 | 2.80% |
2 | Dec 27, 2022 | Oct 02, 2023 | Oct 06, 2023 | $0.340 | 3.28% |
3 | Dec 27, 2022 | Jul 03, 2023 | Jul 07, 2023 | $0.287 | 2.50% |
4 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | $0.472 | 4.39% |
5 | Jan 10, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.399 | 3.42% |
FAQ
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