MARKET VECTORS RETAIL ETF Forecast
MARKET VECTORS RETAIL ETF price up 0.390% on Tuesday
(Updated on Apr 23, 2024)
The MARKET VECTORS RETAIL ETF price gained 0.390% on the last trading day (Tuesday, 23rd Apr 2024), rising from $199.78 to $200.56. During the last trading day the ETF fluctuated 0.331% from a day low at $199.90 to a day high of $200.56. The price has fallen in 7 of the last 10 days and is down by -2.6% for this period. Volume fell on the last day by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately $431.81 thousand. 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 $199.01 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 5.82% during the next 3 months and, with a 90% probability hold a price between $210.60 and $229.12 at the end of this 3-month period.
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RTH Signals & Forecast
There are mixed signals in the ETF today. The MARKET VECTORS RETAIL ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $205.96. On a fall, the ETF will find some support from the short-term average at $199.44. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.97%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for MARKET VECTORS RETAIL ETF
MARKET VECTORS RETAIL finds support from accumulated volume at $199.17 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved $0.662 between high and low, or 0.331%. For the last week the ETF has had daily average volatility of 0.786%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RTH) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect MARKET VECTORS RETAIL ETF to open at $200.34, and during the day (based on 14 day Average True Range), to move between $198.69 and $202.43, which gives a possible trading interval of +/-$1.87 (+/-0.93%) up or down from last closing price. If MARKET VECTORS RETAIL ETF takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $199.17 (0.69%) than the resistance at $204.75 (2.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MARKET VECTORS RETAIL ETF ETF A Buy?
MARKET VECTORS RETAIL holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.082 Sell Candidate Unchanged
Predicted Opening Price for MARKET VECTORS RETAIL ETF of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$200.34 ( 0.110%) | $200.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RTH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 201.00 | 0.220 % | |
R2 | 200.75 | 0.0939 % | ||
R1 | 200.59 | 0.0161 % | ||
Current price: | 200.56 | |||
Support | S1 | 200.09 | -0.236 % | |
S2 | 199.93 | -0.314 % | ||
S3 | 199.68 | -0.440 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 208.45 | 3.94 % | |
R2 | 206.30 | 2.86 % | ||
R1 | 204.75 | 2.09 % | ||
Current price | 200.56 | |||
Support | S1 | 199.17 | -0.693% | |
S2 | 199.05 | -0.752% | ||
S3 | 196.58 | -1.99% |
RTH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 15, 2023 | Dec 18, 2023 | Dec 22, 2023 | $2.01 | 1.07% |
2 | Dec 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $1.85 | 1.15% |
3 | Dec 17, 2021 | Dec 20, 2021 | Dec 27, 2021 | $1.52 | 0.789% |
4 | Dec 18, 2020 | Dec 21, 2020 | Dec 28, 2020 | $1.00 | 0.638% |
5 | Jan 16, 2019 | Dec 23, 2019 | Dec 30, 2019 | $1.09 | 0.91% |
FAQ
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