VOO ETF downgraded from Buy Candidate to Sell Candidate after Monday trading session

The VOO ETF price fell by -1.71% on the last day (Monday, 3rd Mar 2025) from $546.33 to $537.01. During the last trading day the ETF fluctuated 3.00% from a day low at $533.28 to a day high of $549.27. The price has fallen in 6 of the last 10 days and is down by -4.22% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -304 thousand shares and in total, 7 million shares were bought and sold for approximately $3.73 billion.

The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $534.93 will give a strong sell signal and a trend shift may be expected.Given the current horizontal trend, you can expect VOO ETF with a 90% probability to be traded between $536.61 and $565.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETF seldom manage to go directly from the bottom of a trend up to the top. ETF turning up in the middle of a horizontal trend are therefore considered to be potential runners.

There are few to no technical positive signals at the moment. The VOO ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $545.06 and $551.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 19, 2025, and so far it has fallen -4.72%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

VOO finds support from accumulated volume at $535.20 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 ETF. During the last day, the ETF moved $15.98 between high and low, or 3.00%. For the last week the ETF has had daily average volatility of 2.01%.

VOO holds several negative signals and is within a 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.