VanEck AEX UCITS ETF Forecast

Green day on Friday for VanEck AEX UCITS
(Updated on May 17, 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 91.77€ and 88.91€. 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 7.22%. 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). VanEck AEX UCITS 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. Higher liquidity also reduces the general risk.

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.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.550€ (0.599%) between high and low. For the last week, the ETF has had daily average volatility of 0.449%.

The VanEck AEX UCITS ETF is extremely overbought on RSI14 (88). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.

Our recommended stop-loss: 88.22€ (-4.37%) (This ETF has low daily movements and this gives low risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (TDT.AS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect VanEck AEX UCITS ETF to open at 92.13€, and during the day (based on 14 day Average True Range), to move between 91.56€ and 92.94€, which gives a possible trading interval of +/-0.689€ (+/-0.75%) 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 1.49% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 88.38€, some 3.87€ (4.20%) from the current price of 92.25€, 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 Monday, May 20, 2024

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