S&p 500 Vix Short-term Futures Index ETF Forecast
S&p 500 Vix Short-term Futures Index ETF upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
No changes to the price of S&p 500 Vix Short-term Futures Index ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 2.94% from a day low at 0.0068€ to a day high of 0.0070€. The price has fallen in 7 of the last 10 days and is down by -9.21% for this period.
The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -45.42% during the next 3 months and, with a 90% probability hold a price between 0.0026€ and 0.0053€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VIXL.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. 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 S&p 500 Vix Short-term Futures Index 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 0.0072€ and 0.0077€. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for S&p 500 Vix Short-term Futures Index ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 0.0002€ between high and low, or 2.94%. For the last week the ETF has had daily average volatility of 3.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VIXL.MI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect S&p 500 Vix Short-term Futures Index (0930-1600 Est) to open at 0.0069€, and during the day (based on 14 day Average True Range), to move between 0.0064€ and 0.0074€, which gives a possible trading interval of +/-0.0005€ (+/-7.42%) up or down from last closing price. If S&p 500 Vix Short-term Futures Index (0930-1600 Est) takes out the full calculated possible swing range there will be an estimated 14.83% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 0.0074€, some 0.0005€ (7.25%) from the current price of 0.0069€, our system finds the risk reward not very attractive.
Is S&p 500 Vix Short-term Futures Index (0930-1600 Est) ETF A Buy?
S&p 500 Vix Short-term Futures Index holds several negative signals and is within a very wide and 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.005 Sell Candidate Upgraded
Predicted Opening Price for S&p 500 Vix Short-term Futures Index (0930-1600 Est) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 0.0069€ ( 0%) | 0.0069€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIXL.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0071 | 2.90% |
| R2 | 0.0070 | 1.79% |
| R1 | 0.0070 | 1.11% |
| Price | 0.0069 | |
| S1 | 0.0068 | -1.11% |
| S2 | 0.0068 | -1.79% |
| S3 | 0.0067 | -2.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0076 | 10.14% |
| R2 | 0.0075 | 8.70% |
| R1 | 0.0074 | 7.25% |
| Price | 0.0069 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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