Alpha Architect Value Momentum Trend ETF Forecast

Alpha Architect Value Momentum Trend ETF upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 30, 2024)

VMOT Signals & Forecast

The Alpha Architect Value Momentum Trend 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 $25.52 and $25.06. A breakdown below any of these levels will issue sell signals. Alpha Architect Value Momentum Trend 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.85%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -11.03% to $22.71 within 34 trading days since signal was issued (Friday, May 31, 2024).

Support, Risk & Stop-loss for Alpha Architect Value Momentum Trend ETF

Alpha Architect Value Momentum Trend finds support from accumulated volume at $25.22 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 $0.230 between high and low, or 0.91%. For the last week the ETF has had daily average volatility of 0.260%.

Our recommended stop-loss: $24.49 (-4.08%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (VMOT) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect Alpha Architect Value Momentum Trend ETF to open at $25.45, and during the day (based on 14 day Average True Range), to move between $25.32 and $25.74, which gives a possible trading interval of +/-$0.211 (+/-0.83%) up or down from last closing price. If Alpha Architect Value Momentum Trend ETF takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.58 (0.20%) than the support at $25.22 (1.21%), 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 Alpha Architect Value Momentum Trend 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 Alpha Architect Value Momentum Trend 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: 3.385 Buy Candidate Upgraded

Predicted Opening Price for Alpha Architect Value Momentum Trend ETF of Friday, May 31, 2024

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