Virtus InfraCap U.S. Preferred Stock ETF Forecast

$20.95
-0.200 (-0.95%)
At Close: Mar 28, 2024
RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Weaker technical forecast for Virtus InfraCap U.S. Preferred Stock as ETF downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

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


# Declaration Date 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

What is the symbol for Virtus InfraCap U.S. Preferred Stock ETF ETF and on which exchange is it traded?
The symbol for Virtus InfraCap U.S. Preferred Stock ETF is PFFA and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell Virtus InfraCap U.S. Preferred Stock ETF ETF?
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.

How to buy Virtus InfraCap U.S. Preferred Stock ETF ETF?
Virtus InfraCap U.S. Preferred Stock ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Virtus InfraCap U.S. Preferred Stock ETF ETF.

What's the current price of Virtus InfraCap U.S. Preferred Stock ETF ETF?
As of the end of day on the 2024-03-28, the price of an Virtus InfraCap U.S. Preferred Stock ETF (PFFA) share was $20.95.

What is the 52-week high and low for Virtus InfraCap U.S. Preferred Stock ETF ETF?
The 52-week high for Virtus InfraCap U.S. Preferred Stock ETF ETF is $21.24 and the 52-week low is $17.83.

What is the market capitalization of Virtus InfraCap U.S. Preferred Stock ETF ETF?
As of the 2024-03-28, the market capitalization of Virtus InfraCap U.S. Preferred Stock ETF is 869.259M.
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About Virtus InfraCap U.S. Preferred Stock ETF

Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. preferred stock, and in derivatives and other instruments that have economic characteristics similar to such investments. The Sub-Adviser actively manages the fund's assets pursuant to a variety of quantitative, qualitative and relative valuation factors. The fund is non-diversified.... PFFA Profile

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