Vanguard Mega Cap Index Fund ETF Forecast
Vanguard Mega Cap Index Fund ETF price ended at $186.46 on Friday, after gaining 0.107%.
(Updated on May 10, 2024)
The Vanguard Mega Cap Index Fund ETF price gained 0.107% on the last trading day (Friday, 10th May 2024), rising from $186.26 to $186.46. During the last trading day the ETF fluctuated 0.601% from a day low at $186.04 to a day high of $187.16. The price has risen in 7 of the last 10 days and is up by 2.39% over the past 2 weeks. Volume fell on the last day by -32 thousand shares and in total, 58 thousand shares were bought and sold for approximately $10.83 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $187.87 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Vanguard Mega Cap Index Fund ETF with a 90% probability to be traded between $179.06 and $189.56 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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MGC Signals & Forecast
Mostly positive signals in the chart today. The Vanguard Mega Cap Index Fund 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 $184.63 and $183.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.31%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for Vanguard Mega Cap Index Fund ETF
Vanguard Mega Cap Index Fund finds support from accumulated volume at $183.23 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 $1.12 between high and low, or 0.601%. For the last week the ETF has had daily average volatility of 0.576%.
Our recommended stop-loss: $178.02 (-4.53%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (MGC) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Vanguard Mega Cap Index Fund to open at $186.55, and during the day (based on 14 day Average True Range), to move between $184.56 and $188.36, which gives a possible trading interval of +/-$1.90 (+/-1.02%) up or down from last closing price. If Vanguard Mega Cap Index Fund 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 resistance from accumulated volume at $186.73 (0.14%) than the support at $183.23 (1.73%), 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 Vanguard Mega Cap Index Fund 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 Mega Cap Index Fund ETF to perform well in the short-term period.
Current score: 2.524 Buy Candidate Unchanged
Predicted Opening Price for Vanguard Mega Cap Index Fund of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $186.55 ( 0.0498%) | $186.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MGC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 187.67 | 0.650 % | |
| R2 | 187.24 | 0.420 % | ||
| R1 | 186.98 | 0.279 % | ||
| Current price: | 186.46 | |||
| Support | S1 | 186.13 | -0.179 % | |
| S2 | 185.86 | -0.321 % | ||
| S3 | 185.43 | -0.550 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 187.03 | 0.306 % | |
| R2 | 186.80 | 0.182 % | ||
| R1 | 186.73 | 0.145 % | ||
| Current price | 186.46 | |||
| Support | S1 | 183.23 | -1.73% | |
| S2 | 179.08 | -3.96% | ||
| S3 | 178.88 | -4.07% |
MGC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 26, 2024 | $0.580 | 0.312% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.674 | 0.400% |
| 3 | Mar 15, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.572 | 0.378% |
| 4 | Mar 15, 2023 | Jun 23, 2023 | Jun 28, 2023 | $0.542 | 0.352% |
| 5 | Mar 15, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.501 | 0.362% |
FAQ
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