VictoryShares US Multi-Factor Minimum Volatility ETF Stock Analysis
Technical stock analysis for 23 January 2019
VictoryShares US Multi-Factor Minimum Volatility ETF gained 0.87% in the last trading day, rising from $27.59 to $27.83 The price has risen in 8 of the last 10 days and is up by 2.86% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 824 more shares were traded than the day before. In total, 3 713 shares bought and sold for approximately $103 332.00.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the VSMV stock was $27.83. This is 0.87% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 0.86% from a day low at $27.74 to a day high of $27.98.
30 day high of the VSMV stock price was $27.98 and low was $25.25.
90 day high was $29.75 and low was $25.25.
52 week high for the VictoryShares US Multi-Factor Minimum Volatility ETF - $30.41 and low - $25.25.
VictoryShares US Multi-Factor Minimum Volatility ETF lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $27.85 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.29% during the next 3 months and, with 90% probability hold a price between $22.48 and $25.54 at the end of this period.
VictoryShares US Multi-Factor Minimum Volatility ETF holds buy signals from both short- and long-term moving averages. In addition, 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 $27.57 and $27.34. A break down below any of these levels will issue sell signals. VictoryShares US Multi-Factor Minimum Volatility ETF has rising 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 sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found.
* 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 stock in question.
Relative Strength Index (RSI)
The stock holds a RSI14 at 74 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
VictoryShares US Multi-Factor Minimum Volatility ETF finds support from accumulated volume at $27.76.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.24 (0.86%) between high and low. For the last week, the stock has had a daily average volatility of 0.64%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $26.75 (-3.89%) (This stock has low daily movements and this gives low risk. The RSI14 is 74 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)
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VictoryShares US Multi-Factor Minimum Volatility ETF holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.