VictoryShares US Multi-Factor Minimum ETF Forecast
Green day on Thursday for VictoryShares US Multi-Factor Minimum
(Updated on Mar 28, 2024)
The VictoryShares US Multi-Factor Minimum ETF price gained 0.190% on the last trading day (Thursday, 28th Mar 2024), rising from $45.15 to $45.24. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.177% from a day low at $45.23 to a day high of $45.31. The price has risen in 6 of the last 10 days and is up by 1.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 103 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $153.18 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 7.48% during the next 3 months and, with a 90% probability hold a price between $48.25 and $48.84 at the end of this 3-month period.
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VSMV Signals & Forecast
The VictoryShares US Multi-Factor Minimum 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 $44.90 and $44.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 31, 2024, and so far it has risen 5.65%. Further rise is indicated until a new top pivot has been found. VictoryShares US Multi-Factor Minimum 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for VictoryShares US Multi-Factor Minimum ETF
VictoryShares US Multi-Factor Minimum finds support from accumulated volume at $44.42 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 $0.0800 between high and low, or 0.177%. For the last week the ETF has had daily average volatility of 0.274%.
Our recommended stop-loss: $43.61 (-3.60%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (VSMV) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect VictoryShares US Multi-Factor Minimum Volatility ETF to open at $45.26, and during the day (based on 14 day Average True Range), to move between $45.01 and $45.47, which gives a possible trading interval of +/-$0.229 (+/-0.51%) up or down from last closing price. If VictoryShares US Multi-Factor Minimum Volatility ETF takes out the full calculated possible swing range there will be an estimated 1.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $44.42, some $0.82 (1.81%) from the current price of $45.24, our system finds the risk reward attractive.
Is VictoryShares US Multi-Factor Minimum Volatility ETF ETF A Buy?
VictoryShares US Multi-Factor Minimum holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.194 Strong Buy Candidate Unchanged
Predicted Opening Price for VictoryShares US Multi-Factor Minimum Volatility ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$45.26 ( 0.0442%) | $45.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VSMV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.34 | 0.221 % | |
R2 | 45.31 | 0.153 % | ||
R1 | 45.29 | 0.112 % | ||
Current price: | 45.24 | |||
Support | S1 | 45.23 | -0.0233 % | |
S2 | 45.21 | -0.0651 % | ||
S3 | 45.18 | -0.133 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 45.24 | |||
Support | S1 | 44.42 | -1.81% | |
S2 | 44.09 | -2.54% | ||
S3 | 42.18 | -6.76% |
VSMV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 11, 2024 | Mar 11, 2024 | Mar 13, 2024 | $0.104 | 0.232% |
2 | Feb 08, 2024 | Feb 09, 2024 | Feb 13, 2024 | $0.0183 | 0.0421% |
3 | Jan 10, 2024 | Jan 11, 2024 | Jan 16, 2024 | $0.0180 | 0.0427% |
4 | Dec 15, 2023 | Dec 18, 2023 | Dec 20, 2023 | $0.141 | 0.340% |
5 | Nov 07, 2023 | Nov 08, 2023 | Nov 10, 2023 | $0.0210 | 0.0521% |
FAQ
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