VANECK VECTORS RARE EARTH/STRATEGIC ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
VANECK VECTORS RARE EARTH/STRATEGIC ETF price ended at $53.09 on Friday, after gaining 1.22%.
(Updated on May 03, 2024)
The VANECK VECTORS RARE EARTH/STRATEGIC ETF price gained 1.22% on the last trading day (Friday, 3rd May 2024), rising from $52.45 to $53.09. During the last trading day the ETF fluctuated 1.72% from a day low at $52.76 to a day high of $53.67. The price has been going up and down for this period, and there has been a 5.97% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 754 more shares were traded than the day before. In total, 73 thousand shares were bought and sold for approximately $3.88 million.
The ETF lies in the middle of a wide and weak 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 7.82% during the next 3 months and, with a 90% probability hold a price between $52.08 and $60.61 at the end of this 3-month period.
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REMX Signals & Forecast
The VANECK VECTORS RARE EARTH/STRATEGIC ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $51.46 and $51.55. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, April 09, 2024, and so far it has fallen -3.53%. 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).
Support, Risk & Stop-loss for VANECK VECTORS RARE EARTH/STRATEGIC ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $50.10 and $49.04. 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 VECTORS RARE EARTH/STRATEGIC finds support just below today's level at $50.10. If this is broken, then the next support from accumulated volume will be at $49.04 and $46.93.
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 $0.91 between high and low, or 1.72%. For the last week, the ETF has had daily average volatility of 2.79%.
Our recommended stop-loss: $50.97 (-4.00%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (REMX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF to open at $53.17, and during the day (based on 14 day Average True Range), to move between $51.56 and $54.62, which gives a possible trading interval of +/-$1.53 (+/-2.87%) 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 5.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $54.32 (2.32%) than the support at $50.10 (5.63%), 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?
VANECK VECTORS RARE EARTH/STRATEGIC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.827 Hold/Accumulate Unchanged
Predicted Opening Price for VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $53.17 ( 0.157%) | $53.09 |
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 | 54.08 | 1.87 % | |
| R2 | 53.74 | 1.22 % | ||
| R1 | 53.52 | 0.81 % | ||
| Current price: | 53.09 | |||
| Support | S1 | 52.83 | -0.498 % | |
| S2 | 52.61 | -0.90 % | ||
| S3 | 52.26 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.03 | 3.65 % | |
| R2 | 54.56 | 2.77 % | ||
| R1 | 54.32 | 2.32 % | ||
| Current price | 53.09 | |||
| Support | S1 | 50.10 | -5.63% | |
| S2 | 49.04 | -7.63% | ||
| S3 | 46.93 | -11.60% |
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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