Vanguard S&P Mid-Cap 400 Value Index ETF Forecast
Vanguard S&P Mid-Cap 400 Value Index ETF upgraded to Buy Candidate.
(Updated on Jun 27, 2024)
The Vanguard S&P Mid-Cap 400 Value Index ETF price gained 0.311% on the last trading day (Thursday, 27th Jun 2024), rising from $86.71 to $86.98. During the last trading day the ETF fluctuated 0.520% from a day low at $86.54 to a day high of $86.99. The price has risen in 6 of the last 10 days but is still down by -0.91% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately $1.20 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Vanguard S&P Mid-Cap 400 Value Index ETF with a 90% probability to be traded between $84.33 and $91.16 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IVOV Signals & Forecast
There are mixed signals in the ETF today. The Vanguard S&P Mid-Cap 400 Value Index 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 $87.09 and $88.22. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.96%. 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). Vanguard S&P Mid-Cap 400 Value Index 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.
Support, Risk & Stop-loss for Vanguard S&P Mid-Cap 400 Value Index ETF
Vanguard S&P Mid-Cap 400 Value Index finds support from accumulated volume at $86.88 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 $0.450 between high and low, or 0.520%. For the last week the ETF has had daily average volatility of 0.670%.
Our recommended stop-loss: $81.76 (-6.01%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (IVOV) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Vanguard S&P Mid-Cap 400 Value Index Fund ETF Shares to open at $86.84, and during the day (based on 14 day Average True Range), to move between $86.09 and $87.87, which gives a possible trading interval of +/-$0.89 (+/-1.02%) up or down from last closing price. If Vanguard S&P Mid-Cap 400 Value Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 2.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $86.88 (0.11%) than the resistance at $87.15 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vanguard S&P Mid-Cap 400 Value Index Fund ETF Shares ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Vanguard S&P Mid-Cap 400 Value Index ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.534 Buy Candidate Upgraded
Predicted Opening Price for Vanguard S&P Mid-Cap 400 Value Index Fund ETF Shares of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $86.84 ( 0.165%) | $86.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IVOV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 87.29 | 0.352% |
| R2 | 87.11 | 0.155% |
| R1 | 87.01 | 0.0328% |
| Price | 86.98 | |
| S1 | 86.66 | -0.362% |
| S2 | 86.56 | -0.484% |
| S3 | 86.39 | -0.682% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 89.04 | 2.37% |
| R2 | 88.53 | 1.78% |
| R1 | 87.15 | 0.195% |
| Price | 86.98 | |
| S1 | 86.88 | -0.115% |
| S2 | 86.15 | -0.95% |
| S3 | 84.51 | -2.84% |
IVOV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $1.33 | 1.55% |
| 2 | Dec 16, 2022 | Dec 20, 2022 | Dec 23, 2022 | $1.51 | 1.97% |
| 3 | Dec 17, 2021 | Dec 21, 2021 | Dec 27, 2021 | $1.50 | 1.79% |
| 4 | Dec 18, 2020 | Dec 22, 2020 | Dec 28, 2020 | $1.59 | 2.42% |
| 5 | Dec 13, 2019 | Dec 16, 2019 | Dec 19, 2019 | $1.14 | 1.75% |
FAQ
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