VANECK VECTORS RARE EARTH/STRATEGIC ETF Forecast
Weaker technical forecast for VANECK VECTORS RARE EARTH/STRATEGIC as ETF downgraded to Sell Candidate.
(Updated on Apr 25, 2024)
The VANECK VECTORS RARE EARTH/STRATEGIC ETF price gained 1.16% on the last trading day (Thursday, 25th Apr 2024), rising from $49.24 to $49.81. During the last trading day the ETF fluctuated 2.53% from a day low at $48.60 to a day high of $49.83. The price has fallen in 8 of the last 10 days and is down by -8.71% for this period. Volume fell on the last day by -39 thousand shares and in total, 47 thousand shares were bought and sold for approximately $2.35 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 lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $48.36 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 8.69% during the next 3 months and, with a 90% probability hold a price between $52.56 and $62.08 at the end of this 3-month period.
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REMX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 1.16%. 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 RARE EARTH/STRATEGIC 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 $49.95 and $51.56. 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 RARE EARTH/STRATEGIC ETF
VANECK VECTORS RARE EARTH/STRATEGIC finds support from accumulated volume at $49.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.23 between high and low, or 2.53%. For the last week, the ETF has had daily average volatility of 2.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REMX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF to open at $49.41, and during the day (based on 14 day Average True Range), to move between $48.34 and $51.28, which gives a possible trading interval of +/-$1.47 (+/-2.95%) up or down from last closing price. If VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF takes out the full calculated possible swing range there will be an estimated 5.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.10 (0.58%) than the support at $49.04 (1.55%), 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 RARE EARTH/STRATEGIC METALS ETF VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF ETF A Buy?
The VANECK VECTORS RARE EARTH/STRATEGIC ETF holds several negative signals and despite the positive trend, we believe VANECK VECTORS RARE EARTH/STRATEGIC will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.
Current score: -2.271 Sell Candidate Downgraded
Predicted Opening Price for VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $49.41 ( 0.796%) | $49.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REMX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.64 | 1.67 % | |
| R2 | 50.17 | 0.730 % | ||
| R1 | 49.88 | 0.147 % | ||
| Current price: | 49.81 | |||
| Support | S1 | 48.94 | -1.74 % | |
| S2 | 48.65 | -2.32 % | ||
| S3 | 48.18 | -3.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.36 | 1.10 % | |
| R2 | 50.30 | 0.98 % | ||
| R1 | 50.10 | 0.582 % | ||
| Current price | 49.81 | |||
| Support | S1 | 49.04 | -1.55% | |
| S2 | 48.11 | -3.41% | ||
| S3 | 46.93 | -5.78% |
REMX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 10, 2022 | Dec 19, 2022 | Dec 23, 2022 | $1.19 | 1.53% |
| 2 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $5.89 | 5.43% |
| 3 | Jan 14, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.535 | 0.82% |
| 4 | Nov 22, 2019 | Dec 23, 2019 | Dec 30, 2019 | $0.645 | 1.59% |
| 5 | Nov 16, 2018 | Dec 20, 2018 | Dec 27, 2018 | $5.06 | 12.57% |
FAQ
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