iPath S&P 500 VIX ST Futures ETN ETF Forecast

$12.97
+0.200 (+1.57%)
At Close: Mar 28, 2024
RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VXX
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Thursday for iPath S&P 500 VIX ST Futures ETN ETF after gaining 1.57%
(Updated on Mar 28, 2024)

Sell candidate since Mar 18, 2024 Loss -6.42% PDF

The iPath S&P 500 VIX ST Futures ETN ETF price gained 1.57% on the last trading day (Thursday, 28th Mar 2024), rising from $12.77 to $12.97. During the last trading day the ETF fluctuated 2.20% from a day low at $12.73 to a day high of $13.01. The price has fallen in 7 of the last 10 days and is down by -6.76% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 623 thousand more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $134.90 million.

The ETF lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.73 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -13.67% during the next 3 months and, with a 90% probability hold a price between $10.99 and $12.30 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

VXX Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 1.57%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iPath S&P 500 VIX ST Futures ETN 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 $13.03 and $13.89. 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).

Support, Risk & Stop-loss for iPath S&P 500 VIX ST Futures ETN ETF

iPath S&P 500 VIX ST Futures ETN finds support from accumulated volume at $12.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.280 between high and low, or 2.20%. For the last week, the ETF has had daily average volatility of 2.05%.

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

Trading Expectations (VXX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect iPath S&P 500 VIX ST Futures ETN to open at $12.90, and during the day (based on 14 day Average True Range), to move between $12.50 and $13.44, which gives a possible trading interval of +/-$0.472 (+/-3.64%) up or down from last closing price. If iPath S&P 500 VIX ST Futures ETN takes out the full calculated possible swing range there will be an estimated 7.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $12.77 (1.54%) than the resistance at $13.91 (7.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is iPath S&P 500 VIX ST Futures ETN ETF A Buy?

iPath S&P 500 VIX ST Futures ETN holds several negative signals and is within a 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.

Current score: -1.125 Sell Candidate Unchanged

Predicted Opening Price for iPath S&P 500 VIX ST Futures ETN of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$12.90 ( 0.514%) $12.97

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

Trading levels for VXX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.18 1.64 %
R2 13.08 0.82 %
R1 13.01 0.311 %
Current price: 12.97
Support S1 12.80 -1.34 %
S2 12.73 -1.85 %
S3 12.62 -2.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 15.39 18.66 %
R2 14.19 9.41 %
R1 13.91 7.25 %
Current price 12.97
Support S1 12.77 -1.54%
S2 0 .
S3 0 .

FAQ

What is the symbol for iPath S&P 500 VIX ST Futures ETN ETF and on which exchange is it traded?
The symbol for iPath S&P 500 VIX ST Futures ETN is VXX and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell iPath S&P 500 VIX ST Futures ETN ETF?
iPath S&P 500 VIX ST Futures ETN holds several negative signals and is within a 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.

How to buy iPath S&P 500 VIX ST Futures ETN ETF?
iPath S&P 500 VIX ST Futures ETN ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy iPath S&P 500 VIX ST Futures ETN ETF.

What's the current price of iPath S&P 500 VIX ST Futures ETN ETF?
As of the end of day on the 2024-03-28, the price of an iPath S&P 500 VIX ST Futures ETN (VXX) share was $12.97.

What is the 52-week high and low for iPath S&P 500 VIX ST Futures ETN ETF?
The 52-week high for iPath S&P 500 VIX ST Futures ETN ETF is $46.66 and the 52-week low is $12.73.

What is the market capitalization of iPath S&P 500 VIX ST Futures ETN ETF?
As of the 2024-03-28, the market capitalization of iPath S&P 500 VIX ST Futures ETN is 284.468M.
Click to get the best stock tips daily for free!

About iPath S&P 500 VIX ST Futures ETN

The ETN offers exposure to futures contracts of specified maturities on the VIX index and not direct exposure to the VIX index or its spot level. The index is designed to provide investors with exposure to one or more maturities of futures contracts on the CBOE Volatility Index®.... VXX Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT