VictoryShares USAA MSCI USA Small Cap ETF Forecast

VictoryShares USAA MSCI USA Small Cap ETF downgraded to Sell Candidate
(Updated on Jun 20, 2024)

USVM Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.91%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VictoryShares USAA MSCI USA Small Cap ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $77.26 and $78.33. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). VictoryShares USAA MSCI USA Small Cap gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for VictoryShares USAA MSCI USA Small Cap ETF

VictoryShares USAA MSCI USA Small Cap finds support from accumulated volume at $76.20 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.472 between high and low, or 0.612%. For the last week the ETF has had daily average volatility of 0.85%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (USVM) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect VictoryShares USAA MSCI USA Small Cap Value Momentum ETF to open at $77.39, and during the day (based on 14 day Average True Range), to move between $76.37 and $78.10, which gives a possible trading interval of +/-$0.87 (+/-1.12%) up or down from last closing price. If VictoryShares USAA MSCI USA Small Cap Value Momentum ETF takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $77.26 (0.03%) than the support at $76.20 (1.34%), 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 USA Small Cap Value Momentum ETF ETF A Buy?

VictoryShares USAA MSCI USA Small Cap holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.245 Sell Candidate Downgraded

Predicted Opening Price for VictoryShares USAA MSCI USA Small Cap Value Momentum ETF of Friday, June 21, 2024

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