Virtus Real Asset Income ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Virtus Real Asset Income ETF upgraded to Strong Buy Candidate.
(Updated on May 17, 2024)
The Virtus Real Asset Income ETF price gained 0.727% on the last trading day (Friday, 17th May 2024), rising from $24.06 to $24.24. During the last trading day the ETF fluctuated 0.310% from a day low at $24.16 to a day high of $24.24. The price has risen in 5 of the last 10 days and is up by 2.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 518 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $29.23 thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.10% during the next 3 months and, with a 90% probability hold a price between $23.86 and $25.13 at the end of this 3-month period.
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VRAI Signals & Forecast
Mostly positive signals in the chart today. The Virtus Real Asset Income 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 $23.92 and $23.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Virtus Real Asset Income 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. The ETF had a Golden Star Signal on Friday, May 03, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Friday, May 03, 2024 in the short-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 Virtus Real Asset Income ETF
Virtus Real Asset Income finds support from accumulated volume at $23.69 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 $0.0750 between high and low, or 0.310%. For the last week the ETF has had daily average volatility of 0.218%.
Our recommended stop-loss: $22.90 (-5.51%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (VRAI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Virtus Real Asset Income ETF to open at $24.21, and during the day (based on 14 day Average True Range), to move between $24.08 and $24.39, which gives a possible trading interval of +/-$0.154 (+/-0.63%) up or down from last closing price. If Virtus Real Asset Income ETF takes out the full calculated possible swing range there will be an estimated 1.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.38 (0.60%) than the support at $23.69 (2.25%), 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 Virtus Real Asset Income ETF ETF A Buy?
Virtus Real Asset Income holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.483 Strong Buy Candidate Upgraded
Predicted Opening Price for Virtus Real Asset Income ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $24.21 ( 0.103%) | $24.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VRAI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.29 | 0.206 % | |
| R2 | 24.26 | 0.0881 % | ||
| R1 | 24.24 | 0.0151 % | ||
| Current price: | 24.24 | |||
| Support | S1 | 24.18 | -0.221 % | |
| S2 | 24.16 | -0.294 % | ||
| S3 | 24.14 | -0.413 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 24.38 | 0.599 % | ||
| Current price | 24.24 | |||
| Support | S1 | 23.69 | -2.25% | |
| S2 | 23.52 | -2.95% | ||
| S3 | 23.36 | -3.61% |
VRAI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 20, 2024 | Mar 26, 2024 | $0.340 | 1.45% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.370 | 1.57% |
| 3 | Mar 16, 2023 | Sep 20, 2023 | Sep 28, 2023 | $0.211 | 0.96% |
| 4 | Mar 16, 2023 | Jun 20, 2023 | Jun 28, 2023 | $0.175 | 0.758% |
| 5 | Mar 16, 2023 | Mar 20, 2023 | Mar 28, 2023 | $0.440 | 1.92% |
FAQ
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