MARKET VECTORS CEF MUNICIPAL INCOME ETF Forecast
MARKET VECTORS CEF MUNICIPAL INCOME ETF price up 0.0910% on Friday
(Updated on Jun 28, 2024)
The MARKET VECTORS CEF MUNICIPAL INCOME ETF price gained 0.0910% on the last trading day (Friday, 28th Jun 2024), rising from $21.99 to $22.01. During the last trading day the ETF fluctuated 0.592% from a day low at $21.95 to a day high of $22.08. The price has risen in 6 of the last 10 days and is up by 0.92% 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, 1 thousand more shares were traded than the day before. In total, 23 thousand shares were bought and sold for approximately $515.23 thousand.
The ETF has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $21.99, a level that may pose a second chance to hit a runner. According to fan-theory $22.56 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XMPT Signals & Forecast
Mostly positive signals in the chart today. The MARKET VECTORS CEF MUNICIPAL 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 $21.93 and $21.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 4.31%. 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). MARKET VECTORS CEF MUNICIPAL 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for MARKET VECTORS CEF MUNICIPAL INCOME ETF
MARKET VECTORS CEF MUNICIPAL INCOME finds support from accumulated volume at $21.92 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 $0.130 between high and low, or 0.592%. For the last week the ETF has had daily average volatility of 0.494%.
Our recommended stop-loss: $21.00 (-4.58%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (XMPT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect MARKET VECTORS CEF MUNICIPAL INCOME ETF to open at $22.01, and during the day (based on 14 day Average True Range), to move between $21.88 and $22.14, which gives a possible trading interval of +/-$0.129 (+/-0.58%) up or down from last closing price. If MARKET VECTORS CEF MUNICIPAL INCOME ETF takes out the full calculated possible swing range there will be an estimated 1.17% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $21.92, some $0.0900 (0.41%) from the current price of $22.01, our system finds the risk reward attractive.
Is MARKET VECTORS CEF MUNICIPAL INCOME ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and the ETF has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for MARKET VECTORS CEF MUNICIPAL INCOME ETF to perform well in the short-term period. Due to a possible false trend-break listing ETF as pure buy candidate is held back.
Current score: 4.216 Buy Candidate Unchanged
Predicted Opening Price for MARKET VECTORS CEF MUNICIPAL INCOME ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $22.01 ( 0.0151%) | $22.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XMPT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.14 | 0.606% |
| R2 | 22.09 | 0.380% |
| R1 | 22.06 | 0.241% |
| Price | 22.01 | |
| S1 | 21.96 | -0.210% |
| S2 | 21.93 | -0.350% |
| S3 | 21.88 | -0.575% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 22.01 | |
| S1 | 21.92 | -0.409% |
| S2 | 21.03 | -4.45% |
| S3 | 20.94 | -4.86% |
XMPT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.0805 | 0.377% |
| 2 | Apr 23, 2024 | Apr 23, 2024 | Apr 29, 2024 | $0.0805 | 0.387% |
| 3 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.0849 | 0.401% |
| 4 | Mar 01, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.0790 | 0.366% |
| 5 | Feb 01, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.0795 | 0.372% |
FAQ
Click here for our free guide on how to buy MARKET VECTORS CEF MUNICIPAL INCOME ETF ETF.
