Vert Global Sustainable Real Estate Etf ETF Forecast

Vert Global Sustainable Real Estate Etf ETF downgraded to Hold/Accumulate
(Updated on Jun 20, 2024)

VGSR Signals & Forecast

The Vert Global Sustainable Real Estate Etf 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 $9.70 and $9.60. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the ETF should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.714%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Thursday, May 30, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Vert Global Sustainable Real Estate Etf ETF

Vert Global Sustainable Real Estate Etf finds support from accumulated volume at $9.53 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 $0.0700 between high and low, or 0.724%. For the last week the ETF has had daily average volatility of 0.797%.

Our recommended stop-loss: $9.34 (-4.13%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)

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

For the upcoming trading day on Friday, 21st we expect Vert Global Sustainable Real Estate Etf to open at $9.72, and during the day (based on 14 day Average True Range), to move between $9.60 and $9.88, which gives a possible trading interval of +/-$0.140 (+/-1.43%) up or down from last closing price. If Vert Global Sustainable Real Estate Etf takes out the full calculated possible swing range there will be an estimated 2.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.76 (0.21%) than the support at $9.53 (2.16%), 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 Vert Global Sustainable Real Estate Etf ETF A Buy?

Vert Global Sustainable Real Estate Etf 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: -0.347 Hold/Accumulate Downgraded

Predicted Opening Price for Vert Global Sustainable Real Estate Etf of Friday, June 21, 2024

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