Virtus InfraCap U.S. Preferred Stock ETF Forecast
Weaker technical forecast for Virtus InfraCap U.S. Preferred Stock as ETF downgraded to Sell Candidate.
(Updated on Mar 28, 2024)
The Virtus InfraCap U.S. Preferred Stock ETF price fell by -0.95% on the last day (Thursday, 28th Mar 2024) from $21.15 to $20.95. During the last trading day the ETF fluctuated 1.24% from a day low at $20.95 to a day high of $21.21. The price has fallen in 6 of the last 10 days and is down by -0.52% for this period. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 255 thousand shares were bought and sold for approximately $5.34 million.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $20.87 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Virtus InfraCap U.S. Preferred Stock ETF with a 90% probability to be traded between $21.26 and $21.70 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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PFFA Signals & Forecast
There are few to no technical positive signals at the moment. The Virtus InfraCap U.S. Preferred Stock ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $21.06 and $20.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -1.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Virtus InfraCap U.S. Preferred Stock ETF
Virtus InfraCap U.S. Preferred Stock finds support from accumulated volume at $20.91 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 $0.260 between high and low, or 1.24%. For the last week the ETF has had daily average volatility of 0.695%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PFFA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Virtus InfraCap U.S. Preferred Stock ETF to open at $21.04, and during the day (based on 14 day Average True Range), to move between $20.80 and $21.10, which gives a possible trading interval of +/-$0.148 (+/-0.71%) up or down from last closing price. If Virtus InfraCap U.S. Preferred Stock ETF takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.96 (0.05%) than the support at $20.91 (0.19%), 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 Virtus InfraCap U.S. Preferred Stock ETF ETF A Buy?
Virtus InfraCap U.S. Preferred Stock holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. 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 Sell candidate.
Current score: -1.095 Sell Candidate Downgraded
Predicted Opening Price for Virtus InfraCap U.S. Preferred Stock ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$21.04 ( 0.414%) | $20.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFFA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.30 | 1.65 % | |
R2 | 21.20 | 1.18 % | ||
R1 | 21.14 | 0.89 % | ||
Current price: | 20.95 | |||
Support | S1 | 20.94 | -0.0604 % | |
S2 | 20.88 | -0.353 % | ||
S3 | 20.78 | -0.83 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.10 | 0.716 % | |
R2 | 21.01 | 0.286 % | ||
R1 | 20.96 | 0.0477 % | ||
Current price | 20.95 | |||
Support | S1 | 20.91 | -0.191% | |
S2 | 20.71 | -1.15% | ||
S3 | 20.64 | -1.48% |
PFFA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Mar 20, 2024 | Mar 26, 2024 | $0.168 | 0.798% |
2 | Jan 24, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.168 | 0.799% |
3 | Jan 19, 2024 | Jan 22, 2024 | Jan 30, 2024 | $0.168 | 0.799% |
4 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.165 | 0.81% |
5 | Nov 20, 2023 | Nov 20, 2023 | Nov 20, 2023 | $0.165 | 0.87% |
FAQ
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