Vident International Equity Fund ETF Forecast
Vident International Equity Fund ETF downgraded to Hold/Accumulate
(Updated on Mar 27, 2024)
The Vident International Equity Fund ETF price gained 0.686% on the last trading day (Wednesday, 27th Mar 2024), rising from $24.79 to $24.96. During the last trading day the ETF fluctuated 0.504% from a day low at $24.92 to a day high of $25.04. The price has fallen in 6 of the last 10 days and is down by -0.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $499.87 thousand.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 4.15% during the next 3 months and, with a 90% probability hold a price between $25.14 and $26.28 at the end of this 3-month period.
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VIDI Signals & Forecast
The Vident International Equity Fund 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 $24.92 and $24.49. A breakdown below any of these levels will issue sell signals. Vident International Equity Fund 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 Wednesday, March 13, 2024, and so far it has fallen -0.419%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Monday, June 05, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, June 05, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Vident International Equity Fund ETF
Vident International Equity Fund finds support from accumulated volume at $24.77 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 $0.126 between high and low, or 0.504%. For the last week the ETF has had daily average volatility of 0.568%.
Our recommended stop-loss: $23.97 (-3.96%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (VIDI) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Vident International Equity Fund to open at $24.97, and during the day (based on 14 day Average True Range), to move between $24.76 and $25.16, which gives a possible trading interval of +/-$0.201 (+/-0.80%) up or down from last closing price. If Vident International Equity Fund takes out the full calculated possible swing range there will be an estimated 1.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.03 (0.28%) than the support at $24.77 (0.76%), 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 Vident International Equity Fund ETF A Buy?
Vident International Equity Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.630 Hold/Accumulate Downgraded
Predicted Opening Price for Vident International Equity Fund of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$24.97 ( 0.0526%) | $24.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIDI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.10 | 0.556 % | |
R2 | 25.05 | 0.364 % | ||
R1 | 25.02 | 0.245 % | ||
Current price: | 24.96 | |||
Support | S1 | 24.93 | -0.140 % | |
S2 | 24.90 | -0.258 % | ||
S3 | 24.85 | -0.451 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.07 | 0.421 % | |
R2 | 25.06 | 0.401 % | ||
R1 | 25.03 | 0.280 % | ||
Current price | 24.96 | |||
Support | S1 | 24.77 | -0.761% | |
S2 | 24.33 | -2.54% | ||
S3 | 23.91 | -4.21% |
VIDI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.484 | 2.04% |
2 | Dec 16, 2022 | Sep 12, 2023 | Sep 14, 2023 | $0.0170 | 0.0734% |
3 | Dec 16, 2022 | Jun 13, 2023 | Jun 15, 2023 | $0.468 | 1.99% |
4 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | $0.0500 | 0.225% |
5 | Dec 15, 2022 | Dec 16, 2022 | Dec 20, 2022 | $0.546 | 2.55% |
FAQ
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