Vaneck Green Infrastructure Etf ETF Forecast
Green day on Monday for Vaneck Green Infrastructure Etf ETF after gaining 0.0323%
(Updated on Jun 17, 2024)
The Vaneck Green Infrastructure Etf ETF price gained 0.0323% on the last trading day (Monday, 17th Jun 2024), rising from $24.15 to $24.16. During the last trading day the ETF fluctuated 2.31% from a day low at $24.16 to a day high of $24.72. The price has been going up and down for this period, and there has been a -2.58% loss 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, 9 more shares were traded than the day before. In total, 19 shares were bought and sold for approximately $459.05 .
The ETF lies in the middle of a strong 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 11.03% during the next 3 months and, with a 90% probability hold a price between $26.00 and $27.87 at the end of this 3-month period.
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RNEW Signals & Forecast
The Vaneck Green Infrastructure Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $24.54. On a fall, the ETF will find some support from the long-term average at approximately $23.98. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Vaneck Green Infrastructure Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Wednesday, June 12, 2024, and so far it has fallen -3.30%. 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 Green Infrastructure Etf ETF
Vaneck Green Infrastructure Etf finds support from accumulated volume at $23.76 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 $0.559 between high and low, or 2.31%. For the last week the ETF has had daily average volatility of 1.08%.
Our recommended stop-loss: $22.82 (-5.55%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (RNEW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Vaneck Green Infrastructure Etf to open at $24.35, and during the day (based on 14 day Average True Range), to move between $23.85 and $24.47, which gives a possible trading interval of +/-$0.311 (+/-1.29%) up or down from last closing price. If Vaneck Green Infrastructure Etf takes out the full calculated possible swing range there will be an estimated 2.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.51 (1.45%) than the support at $23.76 (1.66%), 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 Green Infrastructure Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Vaneck Green Infrastructure Etf ETF to perform well in the short-term.
Current score: 2.276 Buy Candidate Unchanged
Predicted Opening Price for Vaneck Green Infrastructure Etf of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$24.35 ( 0.772%) | $24.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RNEW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.91 | 3.09% |
R2 | 24.69 | 2.20% |
R1 | 24.56 | 1.66% |
Price | 24.16 | |
S1 | 24.13 | -0.113% |
S2 | 24.00 | -0.659% |
S3 | 23.79 | -1.54% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.85 | 2.86% |
R2 | 24.69 | 2.19% |
R1 | 24.51 | 1.45% |
Price | 24.16 | |
S1 | 23.76 | -1.66% |
S2 | 22.68 | -6.13% |
S3 | 22.48 | -6.96% |
RNEW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 15, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.213 | 0.86% |
2 | Dec 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $0.0600 | 0.242% |
FAQ
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