MARKET VECTORS SHORT HIGH-YIELD ETF Forecast
MARKET VECTORS SHORT HIGH-YIELD ETF price ended at $22.30 on Wednesday, after gaining 0.270%.
(Updated on Jul 03, 2024)
The MARKET VECTORS SHORT HIGH-YIELD ETF price gained 0.270% on the last trading day (Wednesday, 3rd Jul 2024), rising from $22.24 to $22.30. During the last trading day the ETF fluctuated 0.385% from a day low at $22.25 to a day high of $22.34. The price has been going up and down for this period, and there has been a -0.18% loss for the last 2 weeks. Volume fell on the last day by -132 thousand shares and in total, 32 thousand shares were bought and sold for approximately $710.88 thousand. 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 moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect MARKET VECTORS SHORT HIGH-YIELD ETF with a 90% probability to be traded between $22.31 and $22.65 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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SHYD Signals & Forecast
The MARKET VECTORS SHORT HIGH-YIELD 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 $22.34. On a fall, the ETF will find some support from the long-term average at approximately $22.27. 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. A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 0.270%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Tuesday, June 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Tuesday, June 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, June 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Tuesday, June 25, 2024 and based on theory for this formation the price should fall by -1.84% to $21.89 within 28 trading days (Monday, August 05, 2024) since signal was issued.
Support, Risk & Stop-loss for MARKET VECTORS SHORT HIGH-YIELD ETF
MARKET VECTORS SHORT HIGH-YIELD finds support from accumulated volume at $22.28 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0856 between high and low, or 0.385%. For the last week the ETF has had daily average volatility of 0.402%
Our recommended stop-loss: $21.10 (-5.36%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (SHYD) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect MARKET VECTORS SHORT HIGH-YIELD MUNICIPAL INDEX ETF to open at $22.30, and during the day (based on 14 day Average True Range), to move between $22.20 and $22.40, which gives a possible trading interval of +/-$0.103 (+/-0.46%) up or down from last closing price. If MARKET VECTORS SHORT HIGH-YIELD MUNICIPAL INDEX ETF takes out the full calculated possible swing range there will be an estimated 0.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.28 (0.09%) than the resistance at $22.37 (0.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MARKET VECTORS SHORT HIGH-YIELD MUNICIPAL INDEX ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for MARKET VECTORS SHORT HIGH-YIELD ETF to perform well in the short-term period.
Current score: 2.545 Buy Candidate Unchanged
Predicted Opening Price for MARKET VECTORS SHORT HIGH-YIELD MUNICIPAL INDEX ETF of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $22.30 ( 0.0209%) | $22.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHYD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.38 | 0.363% |
| R2 | 22.35 | 0.216% |
| R1 | 22.33 | 0.126% |
| Price | 22.30 | |
| S1 | 22.26 | -0.168% |
| S2 | 22.24 | -0.258% |
| S3 | 22.21 | -0.405% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.40 | 0.448% |
| R2 | 22.39 | 0.404% |
| R1 | 22.37 | 0.314% |
| Price | 22.30 | |
| S1 | 22.28 | -0.0897% |
| S2 | 22.17 | -0.583% |
| S3 | 22.16 | -0.628% |
SHYD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.0491 | 0.219% |
| 2 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.0663 | 0.299% |
| 3 | Mar 01, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.0536 | 0.240% |
| 4 | Feb 01, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.0555 | 0.251% |
| 5 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.0600 | 0.271% |
FAQ
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