Vanguard Materials Index Fund Shares ETF Forecast
Weaker technical forecast for Vanguard Materials Index Fund Shares as ETF downgraded to Hold/Accumulate.
(Updated on May 22, 2024)
The Vanguard Materials Index Fund Shares ETF price fell by -0.94% on the last day (Wednesday, 22nd May 2024) from $203.52 to $201.61. During the last trading day the ETF fluctuated 0.785% from a day low at $200.76 to a day high of $202.33. The price has risen in 6 of the last 10 days and is up by 0.84% over the past 2 weeks. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 28 thousand shares were bought and sold for approximately $5.70 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.61% during the next 3 months and, with a 90% probability hold a price between $201.07 and $212.68 at the end of this 3-month period.
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VAW Signals & Forecast
The Vanguard Materials Index Fund Shares ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $202.83. On a fall, the ETF will find some support from the long-term average at approximately $199.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -1.07%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Vanguard Materials Index Fund Shares ETF
Vanguard Materials Index Fund Shares finds support from accumulated volume at $198.65 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 $1.58 between high and low, or 0.785%. For the last week the ETF has had daily average volatility of 0.599%.
Our recommended stop-loss: $196.37 (-2.60%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (VAW) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Vanguard Materials Index Fund ETF Shares to open at $201.57, and during the day (based on 14 day Average True Range), to move between $199.68 and $203.54, which gives a possible trading interval of +/-$1.93 (+/-0.96%) up or down from last closing price. If Vanguard Materials Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $202.24 (0.31%) than the support at $198.65 (1.47%), 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 Materials Index Fund ETF Shares ETF A Buy?
Vanguard Materials Index Fund Shares 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.289 Hold/Accumulate Downgraded
Predicted Opening Price for Vanguard Materials Index Fund ETF Shares of Thursday, May 23, 2024
Fair opening price May 23, 2024 | Current price |
---|---|
$201.57 ( 0.0223%) | $201.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VAW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 203.14 | 0.759 % | |
R2 | 202.54 | 0.460 % | ||
R1 | 202.17 | 0.276 % | ||
Current price: | 201.61 | |||
Support | S1 | 200.96 | -0.321 % | |
S2 | 200.59 | -0.505 % | ||
S3 | 199.99 | -0.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 204.42 | 1.39 % | |
R2 | 203.80 | 1.09 % | ||
R1 | 202.24 | 0.312 % | ||
Current price | 201.61 | |||
Support | S1 | 198.65 | -1.47% | |
S2 | 198.33 | -1.63% | ||
S3 | 195.39 | -3.09% |
VAW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.682 | 0.334% |
2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.89 | 0.469% |
3 | Mar 15, 2023 | Sep 28, 2023 | Oct 03, 2023 | $0.86 | 0.508% |
4 | Mar 15, 2023 | Jun 29, 2023 | Jul 05, 2023 | $0.83 | 0.463% |
5 | Mar 15, 2023 | Mar 24, 2023 | Mar 29, 2023 | $0.682 | 0.392% |
FAQ
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