iPath Series B S&P 500 VIX Mid-Term Stock Forecast

Green day on Thursday for iPath Series B S&P 500 VIX Mid-Term
(Updated on Apr 18, 2024)

VXZ Signals & Forecast

The iPath Series B S&P 500 VIX Mid-Term stock 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 $14.30 and $13.96. 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). iPath Series B S&P 500 VIX Mid-Term 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. Higher liquidity also reduces the general risk. 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 Monday, April 15, 2024, and so far it has fallen -2.19%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for iPath Series B S&P 500 VIX Mid-Term stock

iPath Series B S&P 500 VIX Mid-Term finds support from accumulated volume at $14.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.190 (1.34%) between high and low. For the last week, the stock has had daily average volatility of 2.52%.

Our recommended stop-loss: $13.68 (-4.48%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (VXZ) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect iPath Series B S&P 500 VIX Mid-Term Futures ETN to open at $14.26, and during the day (based on 14 day Average True Range), to move between $14.03 and $14.61, which gives a possible trading interval of +/-$0.293 (+/-2.05%) up or down from last closing price. If iPath Series B S&P 500 VIX Mid-Term Futures ETN takes out the full calculated possible swing range there will be an estimated 4.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.39 (0.49%) than the support at $14.18 (1.01%), 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 iPath Series B S&P 500 VIX Mid-Term Futures ETN stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iPath Series B S&P 500 VIX Mid-Term stock to perform well in the short-term.

Current score: 1.158 Buy Candidate Unchanged

Predicted Opening Price for iPath Series B S&P 500 VIX Mid-Term Futures ETN of Friday, April 19, 2024

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