iPath S&P 500 VIX ST Futures ETN ETF Forecast

Evaluation of iPath S&P 500 VIX ST Futures ETN ETF downgraded after the last trading session.
(Updated on Apr 26, 2024)

VXX Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The iPath S&P 500 VIX ST Futures ETN ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $14.22 and $13.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -13.85%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for iPath S&P 500 VIX ST Futures ETN ETF

iPath S&P 500 VIX ST Futures ETN finds support from accumulated volume at $13.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.250 between high and low, or 1.87%. For the last week, the ETF has had daily average volatility of 3.81%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VXX) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect iPath S&P 500 VIX ST Futures ETN to open at $13.47, and during the day (based on 14 day Average True Range), to move between $12.66 and $14.22, which gives a possible trading interval of +/-$0.779 (+/-5.80%) up or down from last closing price. If iPath S&P 500 VIX ST Futures ETN takes out the full calculated possible swing range there will be an estimated 11.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.36 (0.59%) than the resistance at $13.85 (3.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is iPath S&P 500 VIX ST Futures ETN ETF A Buy?

iPath S&P 500 VIX ST Futures ETN holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. 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 Sell candidate.

Current score: -3.017 Sell Candidate Downgraded

Predicted Opening Price for iPath S&P 500 VIX ST Futures ETN of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.