Vaneck Morningstar Global Wide Moat ETF Forecast

Vaneck Morningstar Global Wide Moat ETF price ended at £26.96 on Friday, after gaining 0.372%.
(Updated on Jun 28, 2024)

GOAT.L Signals & Forecast

There are mixed signals in the ETF today. The Vaneck Morningstar Global Wide Moat ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. 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 £26.98 and £27.28. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.691%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Vaneck Morningstar Global Wide Moat 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Vaneck Morningstar Global Wide Moat ETF

Vaneck Morningstar Global Wide Moat finds support from accumulated volume at £26.48 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 £0.320 between high and low, or 1.19%. For the last week the ETF has had daily average volatility of 0.92%.

Our recommended stop-loss: £25.33 (-6.04%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (GOAT.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Vaneck Morningstar Global Wide Moat Ucits Etf to open at £26.96, and during the day (based on 14 day Average True Range), to move between £26.71 and £27.20, which gives a possible trading interval of +/-£0.246 (+/-0.91%) up or down from last closing price. If Vaneck Morningstar Global Wide Moat Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £27.04 (0.32%) than the support at £26.48 (1.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Vaneck Morningstar Global Wide Moat Ucits Etf ETF A Buy?

Vaneck Morningstar Global Wide Moat holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Vaneck Morningstar Global Wide Moat Ucits Etf of Monday, July 1, 2024

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