Vanguard Mega Cap Growth Index Fund ETF Forecast
Vanguard Mega Cap Growth Index Fund ETF upgraded from Sell Candidate to Buy Candidate after Monday trading session.
(Updated on Apr 22, 2024)
The Vanguard Mega Cap Growth Index Fund ETF price gained 0.99% on the last trading day (Monday, 22nd Apr 2024), rising from $267.84 to $270.48. During the last trading day the ETF fluctuated 1.76% from a day low at $267.49 to a day high of $272.20. The price has fallen in 6 of the last 10 days and is down by -5.15% for this period. Volume fell on the last day by -95 thousand shares and in total, 393 thousand shares were bought and sold for approximately $106.38 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 ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $267.99 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 3.29% during the next 3 months and, with a 90% probability hold a price between $276.80 and $302.36 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MGK Signals & Forecast
The Vanguard Mega Cap Growth Index Fund 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 $275.95 and $283.52. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.99%. Further rise is indicated until a new top pivot has been found. 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 Growth Index Fund ETF
Vanguard Mega Cap Growth Index Fund finds support from accumulated volume at $270.08 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 $4.71 between high and low, or 1.76%. For the last week the ETF has had daily average volatility of 1.68%.
Our recommended stop-loss: $255.59 (-5.51%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (MGK) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Vanguard Mega Cap Growth Index Fund ETF Shares to open at $270.06, and during the day (based on 14 day Average True Range), to move between $266.16 and $274.80, which gives a possible trading interval of +/-$4.32 (+/-1.60%) up or down from last closing price. If Vanguard Mega Cap Growth Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $270.08 (0.15%) than the resistance at $275.85 (1.99%), 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 Mega Cap Growth Index Fund ETF Shares ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.186 Buy Candidate Upgraded
Predicted Opening Price for Vanguard Mega Cap Growth Index Fund ETF Shares of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $270.06 ( 0.157%) | $270.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MGK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 274.77 | 1.59 % | |
| R2 | 272.97 | 0.92 % | ||
| R1 | 271.86 | 0.509 % | ||
| Current price: | 270.48 | |||
| Support | S1 | 268.25 | -0.82 % | |
| S2 | 267.14 | -1.23 % | ||
| S3 | 265.34 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 286.59 | 5.96 % | |
| R2 | 276.26 | 2.14 % | ||
| R1 | 275.85 | 1.99 % | ||
| Current price | 270.48 | |||
| Support | S1 | 270.08 | -0.148% | |
| S2 | 267.84 | -0.98% | ||
| S3 | 266.04 | -1.64% |
MGK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 26, 2024 | $0.302 | 0.105% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.429 | 0.165% |
| 3 | Mar 15, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.316 | 0.141% |
| 4 | Mar 15, 2023 | Jun 23, 2023 | Jun 28, 2023 | $0.274 | 0.118% |
| 5 | Mar 15, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.283 | 0.144% |
FAQ
Click here for our free guide on how to buy Vanguard Mega Cap Growth Index Fund ETF Shares ETF.
