VanEck Uranium+Nuclear Energy ETF Forecast
Red day on Wednesday for VanEck Uranium+Nuclear Energy
(Updated on May 08, 2024)
The VanEck Uranium+Nuclear Energy ETF price fell by -1.24% on the last day (Wednesday, 8th May 2024) from $83.13 to $82.10. During the last trading day the ETF fluctuated 1.53% from a day low at $81.54 to a day high of $82.79. The price has risen in 7 of the last 10 days and is up by 7.53% 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 -9 thousand shares and in total, 39 thousand shares were bought and sold for approximately $3.21 million.
The ETF lies in the middle of a strong 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 10.70% during the next 3 months and, with a 90% probability hold a price between $85.52 and $92.61 at the end of this 3-month period.
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NLR Signals & Forecast
The VanEck Uranium+Nuclear Energy 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 $80.82 and $77.95. 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 Monday, May 06, 2024, and so far it has fallen -1.55%. 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.
Support, Risk & Stop-loss for VanEck Uranium+Nuclear Energy ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $74.75 and $72.45. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, VanEck Uranium+Nuclear Energy finds support just below today's level at $74.75. If this is broken, then the next support from accumulated volume will be at $72.45 and $70.43.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $1.25 between high and low, or 1.53%. For the last week, the ETF has had daily average volatility of 1.82%.
Our recommended stop-loss: $78.67 (-4.18%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (NLR) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect VanEck Uranium+Nuclear Energy ETF to open at $82.14, and during the day (based on 14 day Average True Range), to move between $80.33 and $83.87, which gives a possible trading interval of +/-$1.77 (+/-2.15%) up or down from last closing price. If VanEck Uranium+Nuclear Energy ETF takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $83.13 (1.25%) than the support at $74.75 (8.95%), 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 Uranium+Nuclear Energy 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 VanEck Uranium+Nuclear Energy ETF to perform well in the short-term.
Current score: 1.666 Buy Candidate Unchanged
Predicted Opening Price for VanEck Uranium+Nuclear Energy ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $82.14 ( 0.0528%) | $82.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NLR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.39 | 1.58 % | |
| R2 | 82.92 | 0.99 % | ||
| R1 | 82.62 | 0.634 % | ||
| Current price: | 82.10 | |||
| Support | S1 | 81.67 | -0.529 % | |
| S2 | 81.37 | -0.89 % | ||
| S3 | 80.89 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 83.39 | 1.57 % | ||
| R1 | 83.13 | 1.25 % | ||
| Current price | 82.10 | |||
| Support | S1 | 74.75 | -8.95% | |
| S2 | 72.45 | -11.75% | ||
| S3 | 70.43 | -14.21% |
NLR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $3.26 | 4.56% |
| 2 | Dec 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $1.11 | 2.03% |
| 3 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $1.09 | 2.00% |
| 4 | Jan 14, 2020 | Dec 21, 2020 | Dec 28, 2020 | $1.10 | 2.25% |
| 5 | Nov 22, 2019 | Dec 23, 2019 | Dec 30, 2019 | $1.18 | 2.43% |
FAQ
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