VanEck Vectors Semiconductor ETF Forecast
VanEck Vectors Semiconductor ETF price ended at $217.64 on Friday, after gaining 2.56%.
(Updated on Apr 26, 2024)
The VanEck Vectors Semiconductor ETF price gained 2.56% on the last trading day (Friday, 26th Apr 2024), rising from $212.20 to $217.64. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 3.18% from a day low at $211.94 to a day high of $218.68. The price has risen in 6 of the last 10 days but is still down by -1.38% for this period. Volume fell on the last day by -2 million shares and in total, 6 million shares were bought and sold for approximately $1.33 billion. 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 middle of a wide and 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 11.47% during the next 3 months and, with a 90% probability hold a price between $224.36 and $277.12 at the end of this 3-month period.
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SMH Signals & Forecast
There are mixed signals in the ETF today. The VanEck Vectors Semiconductor ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $219.77. On a fall, the ETF will find some support from the short-term average at $208.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.25%. 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.
Support, Risk & Stop-loss for VanEck Vectors Semiconductor ETF
VanEck Vectors Semiconductor finds support from accumulated volume at $212.40 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 $6.74 between high and low, or 3.18%. For the last week, the ETF has had daily average volatility of 2.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SMH) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect VanEck Vectors Semiconductor ETF to open at $216.09, and during the day (based on 14 day Average True Range), to move between $211.42 and $223.86, which gives a possible trading interval of +/-$6.22 (+/-2.86%) up or down from last closing price. If VanEck Vectors Semiconductor ETF takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $220.98 (1.53%) than the support at $212.40 (2.41%), 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 Semiconductor ETF ETF A Buy?
VanEck Vectors Semiconductor holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.774 Sell Candidate Unchanged
Predicted Opening Price for VanEck Vectors Semiconductor ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $216.09 ( 0.714%) | $217.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 222.83 | 2.38 % | |
| R2 | 220.25 | 1.20 % | ||
| R1 | 218.66 | 0.469 % | ||
| Current price: | 217.64 | |||
| Support | S1 | 213.51 | -1.90 % | |
| S2 | 211.92 | -2.63 % | ||
| S3 | 209.35 | -3.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 234.17 | 7.60 % | |
| R2 | 224.99 | 3.38 % | ||
| R1 | 220.98 | 1.53 % | ||
| Current price | 217.64 | |||
| Support | S1 | 212.40 | -2.41% | |
| S2 | 209.93 | -3.54% | ||
| S3 | 199.21 | -8.47% |
SMH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 18, 2023 | Dec 22, 2023 | $1.04 | 0.602% |
| 2 | Dec 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $2.40 | 2.36% |
| 3 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $1.57 | 0.99% |
| 4 | Dec 18, 2020 | Dec 21, 2020 | Dec 28, 2020 | $1.50 | 1.40% |
| 5 | Jan 16, 2019 | Dec 23, 2019 | Dec 30, 2019 | $2.12 | 3.01% |
FAQ
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