Victory CEMP US EQ Income Enhanced ETF Forecast
Green day on Thursday for Victory CEMP US EQ Income Enhanced ETF after gaining 0.442%
(Updated on Apr 18, 2024)
The Victory CEMP US EQ Income Enhanced ETF price gained 0.442% on the last trading day (Thursday, 18th Apr 2024), rising from $56.62 to $56.87. During the last trading day the ETF fluctuated 0.475% from a day low at $56.64 to a day high of $56.91. The price has fallen in 6 of the last 10 days and is down by -3.38% for this period. Volume fell on the last day by -38 thousand shares and in total, 33 thousand shares were bought and sold for approximately $1.89 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $56.43 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 6.07% during the next 3 months and, with a 90% probability hold a price between $59.86 and $63.97 at the end of this 3-month period.
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CDC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.98%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Victory CEMP US EQ Income Enhanced 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 $57.10 and $57.89. 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 Victory CEMP US EQ Income Enhanced ETF
Victory CEMP US EQ Income Enhanced finds support from accumulated volume at $56.48 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 $0.269 between high and low, or 0.475%. For the last week the ETF has had daily average volatility of 1.15%.
Victory CEMP US EQ Income Enhanced is oversold on RSI14 (22). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CDC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF to open at $56.80, and during the day (based on 14 day Average True Range), to move between $56.28 and $57.46, which gives a possible trading interval of +/-$0.586 (+/-1.03%) up or down from last closing price. If Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.08 (0.37%) than the support at $56.48 (0.69%), 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 Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF ETF A Buy?
The Victory CEMP US EQ Income Enhanced ETF holds several negative signals and despite the positive trend, we believe Victory CEMP US EQ Income Enhanced will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.221 Sell Candidate Unchanged
Predicted Opening Price for Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $56.80 ( 0.117%) | $56.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CDC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.07 | 0.356 % | |
| R2 | 56.97 | 0.176 % | ||
| R1 | 56.91 | 0.0640 % | ||
| Current price: | 56.87 | |||
| Support | S1 | 56.70 | -0.297 % | |
| S2 | 56.64 | -0.409 % | ||
| S3 | 56.53 | -0.589 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.09 | 3.90 % | |
| R2 | 57.36 | 0.86 % | ||
| R1 | 57.08 | 0.369 % | ||
| Current price | 56.87 | |||
| Support | S1 | 56.48 | -0.686% | |
| S2 | 55.16 | -3.01% | ||
| S3 | 55.14 | -3.04% |
CDC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 10, 2024 | Apr 11, 2024 | Apr 15, 2024 | $0.160 | 0.281% |
| 2 | Mar 08, 2024 | Mar 11, 2024 | Mar 13, 2024 | $0.263 | 0.455% |
| 3 | Feb 08, 2024 | Feb 09, 2024 | Feb 13, 2024 | $0.105 | 0.192% |
| 4 | Jan 10, 2024 | Jan 11, 2024 | Jan 16, 2024 | $0.0467 | 0.0841% |
| 5 | Dec 15, 2023 | Dec 18, 2023 | Dec 20, 2023 | $0.437 | 0.776% |
FAQ
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