Victoryshares Usaa Msci International ETF Forecast

Stronger technical forecast for Victoryshares Usaa Msci International ETF price after Friday trading.
(Updated on Jun 28, 2024)

UIVM Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.728%. Further rise is indicated until a new top pivot has been found. Victoryshares Usaa Msci International 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. The Victoryshares Usaa Msci International 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 $48.70. On a fall, the ETF will find some support from the short-term average at $47.29. 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).

Support, Risk & Stop-loss for Victoryshares Usaa Msci International ETF

Victoryshares Usaa Msci International finds support from accumulated volume at $47.23 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 $0.135 (0.286%) between high and low. For the last week, the ETF has had daily average volatility of 0.0783%.

Our recommended stop-loss: $44.34 (-6.39%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (UIVM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Victoryshares Usaa Msci International Value Momentum Etf to open at $47.32, and during the day (based on 14 day Average True Range), to move between $47.04 and $47.69, which gives a possible trading interval of +/-$0.328 (+/-0.69%) up or down from last closing price. If Victoryshares Usaa Msci International Value Momentum Etf takes out the full calculated possible swing range there will be an estimated 1.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $47.39 (0.05%) than the support at $47.23 (0.29%), 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 Victoryshares Usaa Msci International Value Momentum 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 Victoryshares Usaa Msci International ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.357 Buy Candidate Upgraded

Predicted Opening Price for Victoryshares Usaa Msci International Value Momentum Etf of Monday, July 1, 2024

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