VanEck AEX UCITS ETF Forecast

Evaluation of VanEck AEX UCITS ETF downgraded after the last trading session.
(Updated on May 09, 2024)

TDT.AS Signals & Forecast

The VanEck AEX UCITS ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 89.63€ and 88.10€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.71%. 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.

Support, Risk & Stop-loss for VanEck AEX UCITS ETF

VanEck AEX UCITS finds support from accumulated volume at 88.38€ 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 0.570€ between high and low, or 0.629%. For the last week the ETF has had daily average volatility of 0.597%

Our recommended stop-loss: 87.22€ (-4.10%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (TDT.AS) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect VanEck AEX UCITS ETF to open at 90.94€, and during the day (based on 14 day Average True Range), to move between 90.14€ and 91.76€, which gives a possible trading interval of +/-0.81€ (+/-0.89%) up or down from last closing price. If VanEck AEX UCITS ETF takes out the full calculated possible swing range there will be an estimated 1.79% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 88.38€, some 2.57€ (2.83%) from the current price of 90.95€, our system finds the risk reward attractive.

Is VanEck AEX UCITS ETF ETF A Buy?

VanEck AEX UCITS 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for VanEck AEX UCITS ETF of Friday, May 10, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.