VanEck Vectors Preferred Securities ex ETF Forecast
VanEck Vectors Preferred Securities ex ETF price ended at $16.99 on Friday, after gaining 0.711%.
(Updated on Apr 19, 2024)
The VanEck Vectors Preferred Securities ex ETF price gained 0.711% on the last trading day (Friday, 19th Apr 2024), rising from $16.87 to $16.99. During the last trading day the ETF fluctuated 1.37% from a day low at $16.77 to a day high of $17.00. The price has fallen in 6 of the last 10 days and is down by -3.03% for this period. Volume fell on the last day by -364 thousand shares and in total, 401 thousand shares were bought and sold for approximately $6.82 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $16.83 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect VanEck Vectors Preferred Securities ex ETF with a 90% probability to be traded between $16.70 and $17.79 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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PFXF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.89%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VanEck Vectors Preferred Securities ex ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.99 and $17.57. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for VanEck Vectors Preferred Securities ex ETF
VanEck Vectors Preferred Securities ex finds support from accumulated volume at $16.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.230 (1.37%) between high and low. For the last week, the ETF has had daily average volatility of 1.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PFXF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect VanEck Vectors Preferred Securities ex Financials ETF to open at $16.92, and during the day (based on 14 day Average True Range), to move between $16.83 and $17.15, which gives a possible trading interval of +/-$0.162 (+/-0.95%) up or down from last closing price. If VanEck Vectors Preferred Securities ex Financials ETF takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.88 (0.65%) than the resistance at $17.35 (2.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VanEck Vectors Preferred Securities ex Financials ETF ETF A Buy?
VanEck Vectors Preferred Securities ex holds several negative signals and is within a 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.
Current score: -1.203 Sell Candidate Unchanged
Predicted Opening Price for VanEck Vectors Preferred Securities ex Financials ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $16.92 ( 0.412%) | $16.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFXF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.15 | 0.94 % | |
| R2 | 17.06 | 0.425 % | ||
| R1 | 17.01 | 0.105 % | ||
| Current price: | 16.99 | |||
| Support | S1 | 16.83 | -0.93 % | |
| S2 | 16.78 | -1.25 % | ||
| S3 | 16.69 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.77 | 4.59 % | |
| R2 | 17.58 | 3.47 % | ||
| R1 | 17.35 | 2.12 % | ||
| Current price | 16.99 | |||
| Support | S1 | 16.88 | -0.647% | |
| S2 | 16.87 | -0.706% | ||
| S3 | 16.84 | -0.88% |
PFXF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Apr 01, 2024 | Apr 05, 2024 | $0.112 | 0.638% |
| 2 | Dec 14, 2023 | Mar 01, 2024 | Mar 07, 2024 | $0.0851 | 0.479% |
| 3 | Dec 14, 2023 | Feb 01, 2024 | Feb 07, 2024 | $0.0594 | 0.341% |
| 4 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.187 | 1.08% |
| 5 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.142 | 0.83% |
FAQ
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