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Sarah Patel's Avatar
published in Blogs
May 26, 2023

Unlocking Potential: VictoryShares Dividend Accelerator ETF (VSDA) Eyes a Rebound

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In the world of trading, spotting key price patterns can offer valuable insights into potential market movements. VictoryShares Dividend Accelerator ETF (VSDA, $44.04) recently broke below its lower Bollinger Band on May 23, 2023, presenting an interesting opportunity for traders. This price move could serve as a signal that VSDA is poised for a rebound, with the potential to rise back above the lower band and aim for the middle band, making it an asset worth considering.

The lower Bollinger Band is a technical indicator that measures price volatility. When a stock breaks below this lower band, it suggests that the price may have reached an oversold condition and could be due for a potential upward correction. VictoryShares Dividend Accelerator ETF (VSDA) breaking below its lower band on May 23, 2023, signifies the possibility of a price climb in the near future.

Traders who recognize this price pattern in VSDA have a couple of options to consider. One strategy involves buying the ETF itself, taking advantage of the potential price appreciation that may follow the breakout from the lower Bollinger Band. Alternatively, traders can explore call options, which provide the right to buy VSDA shares at a predetermined price within a specific timeframe. These options can potentially amplify gains if VSDA's price moves upward as anticipated.

To provide traders with valuable insights, A.I.dvisor conducted a thorough backtesting analysis of 37 similar cases where VictoryShares Dividend Accelerator ETF (VSDA) broke below its lower Bollinger Band. The results were encouraging, with 31 of those cases leading to successful outcomes. Based on this historical data, the odds of success are estimated at approximately 84%, adding further intrigue to the potential of VSDA's rebound.

It's important to note that trading always carries risks, and prudent risk management is crucial. Traders should consider factors such as market conditions, their risk tolerance, and conduct further research to make informed decisions. Seeking advice from financial professionals or utilizing market analysis tools, like A.I.dvisor, can provide valuable guidance in navigating the dynamic landscape of trading.

VictoryShares Dividend Accelerator ETF (VSDA) has captured attention with its recent breakout below the lower Bollinger Band, signaling a potential rebound on the horizon. Traders intrigued by the possibility of a price climb can explore opportunities by buying the ETF or exploring call options. A.I.dvisor's backtesting analysis supporting favorable odds of success adds further weight to the appeal of VSDA as a potential asset for generating gains.

Related Ticker: VSDA

VSDA in downward trend: 10-day moving average moved below 50-day moving average on May 24, 2023

The 10-day moving average for VSDA crossed bearishly below the 50-day moving average on May 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on VSDA as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for VSDA turned negative on May 04, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

VSDA moved below its 50-day moving average on May 19, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where VSDA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for VSDA entered a downward trend on May 30, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where VSDA's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where VSDA advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .

VSDA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Exxon Mobil Corp (NYSE:XOM), Johnson & Johnson (NYSE:JNJ), Walmart (NYSE:WMT), Procter & Gamble Company (NYSE:PG), Chevron Corp (NYSE:CVX), Coca-Cola Company (NYSE:KO), PepsiCo (NASDAQ:PEP), Costco Wholesale Corp (NASDAQ:COST).

Industry description

The investment seeks to provide investment results that track the performance of the Nasdaq Victory Dividend Accelerator Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory Dividend Accelerator Index (the "index"). The index utilizes a rules-based approach designed to identify dividend paying stocks with a higher likelihood of future dividend growth.

Market Cap

The average market capitalization across the VictoryShares Dividend Accelerator ETF ETF is 127.13B. The market cap for tickers in the group ranges from 4.05B to 2.76T. AAPL holds the highest valuation in this group at 2.76T. The lowest valued company is UBSI at 4.05B.

High and low price notable news

The average weekly price growth across all stocks in the VictoryShares Dividend Accelerator ETF ETF was -1%. For the same ETF, the average monthly price growth was -4%, and the average quarterly price growth was -6%. QCOM experienced the highest price growth at 12%, while TGT experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the VictoryShares Dividend Accelerator ETF ETF was 1%. For the same stocks of the ETF, the average monthly volume growth was -10% and the average quarterly volume growth was -3%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 50
Price Growth Rating: 55
SMR Rating: 43
Profit Risk Rating: 34
Seasonality Score: 5 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

Category LargeBlend

Profile
Fundamentals
Details
Category
Large Blend
Address
Compass EMP Funds Trust4020 South 147th StreetOmaha
Phone
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Web
www.CompassEMPFunds.com
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VSDA and

Correlation & Price change

A.I.dvisor indicates that over the last year, VSDA has been closely correlated with VIG. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if VSDA jumps, then VIG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To VSDA
1D Price
Change %
VSDA100%
-0.44%
VIG - VSDA
97%
Closely correlated
-0.29%
IVV - VSDA
95%
Closely correlated
+0.02%
SPY - VSDA
95%
Closely correlated
+0.04%
VOO - VSDA
94%
Closely correlated
+0.03%
VTI - VSDA
94%
Closely correlated
+0.03%
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