Vanguard Mega Cap Growth Index Fund ETF Forecast
Vanguard Mega Cap Growth Index Fund ETF price ended at $276.07 on Thursday, after gaining 1.21%.
(Updated on May 02, 2024)
The Vanguard Mega Cap Growth Index Fund ETF price gained 1.21% on the last trading day (Thursday, 2nd May 2024), rising from $272.76 to $276.07. During the last trading day the ETF fluctuated 1.51% from a day low at $272.42 to a day high of $276.55. The price has been going up and down for this period, and there has been a 0.53% gain for the last 2 weeks. Volume fell on the last day by -32 thousand shares and in total, 206 thousand shares were bought and sold for approximately $56.81 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Vanguard Mega Cap Growth Index Fund ETF with a 90% probability to be traded between $263.65 and $283.62 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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MGK Signals & Forecast
There are mixed signals in the ETF today. The Vanguard Mega Cap Growth Index Fund ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $281.54. On a fall, the ETF will find some support from the short-term average at $275.21. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.07%. 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 $275.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $4.13 (1.51%) between high and low. For the last week, the ETF has had daily average volatility of 1.61%.
Our recommended stop-loss: $262.20 (-5.02%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (MGK) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Vanguard Mega Cap Growth Index Fund ETF Shares to open at $275.01, and during the day (based on 14 day Average True Range), to move between $271.44 and $280.70, which gives a possible trading interval of +/-$4.63 (+/-1.68%) 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 3.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $276.26 (0.07%) than the support at $275.85 (0.08%), 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 Growth Index Fund ETF Shares ETF A Buy?
Vanguard Mega Cap Growth Index Fund 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: 0.154 Hold/Accumulate Unchanged
Predicted Opening Price for Vanguard Mega Cap Growth Index Fund ETF Shares of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $275.01 ( 0.383%) | $276.07 |
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 | 279.14 | 1.11 % | |
| R2 | 277.56 | 0.540 % | ||
| R1 | 276.59 | 0.187 % | ||
| Current price: | 276.07 | |||
| Support | S1 | 273.44 | -0.95 % | |
| S2 | 272.46 | -1.31 % | ||
| S3 | 270.89 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 286.59 | 3.81 % | |
| R2 | 277.92 | 0.670 % | ||
| R1 | 276.26 | 0.0688 % | ||
| Current price | 276.07 | |||
| Support | S1 | 275.85 | -0.0797% | |
| S2 | 270.48 | -2.02% | ||
| S3 | 267.84 | -2.98% |
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
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