Vanguard Ftse Canada Index Etf ETF Forecast
Evaluation of Vanguard Ftse Canada Index Etf ETF downgraded after the last trading session.
(Updated on Jul 04, 2024)
The Vanguard Ftse Canada Index Etf ETF price gained 0.103% on the last trading day (Thursday, 4th Jul 2024), rising from $48.41 to $48.46. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.227% from a day low at $48.44 to a day high of $48.55. The price has risen in 6 of the last 10 days and is up by 2.76% over the past 2 weeks. Volume fell on the last day by -31 thousand shares and in total, 12 thousand shares were bought and sold for approximately $567.37 thousand. 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.
Given the current short-term trend, the ETF is expected to fall -2.71% during the next 3 months and, with a 90% probability hold a price between $45.23 and $47.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VCE.TO Signals & Forecast
The Vanguard Ftse Canada Index Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $47.87 and $48.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 3.41%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Tuesday, July 02, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, July 02, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Vanguard Ftse Canada Index Etf ETF
Vanguard Ftse Canada Index Etf finds support from accumulated volume at $48.39 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.110 between high and low, or 0.227%. For the last week the ETF has had daily average volatility of 0.763%
Our recommended stop-loss: $46.03 (-5.02%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (VCE.TO) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Vanguard Ftse Canada Index Etf to open at $48.48, and during the day (based on 14 day Average True Range), to move between $48.04 and $48.88, which gives a possible trading interval of +/-$0.416 (+/-0.86%) up or down from last closing price. If Vanguard Ftse Canada Index Etf takes out the full calculated possible swing range there will be an estimated 1.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $48.48 (0.04%) than the support at $48.39 (0.14%), 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 Ftse Canada Index Etf ETF A Buy?
Vanguard Ftse Canada Index Etf 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: 0.625 Hold/Accumulate Downgraded
Predicted Opening Price for Vanguard Ftse Canada Index Etf of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $48.48 ( 0.0481%) | $48.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VCE.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48.59 | 0.275% |
| R2 | 48.55 | 0.188% |
| R1 | 48.53 | 0.135% |
| Price | 48.46 | |
| S1 | 48.44 | -0.0386% |
| S2 | 48.42 | -0.0921% |
| S3 | 48.37 | -0.179% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48.77 | 0.640% |
| R2 | 48.64 | 0.371% |
| R1 | 48.48 | 0.0413% |
| Price | 48.46 | |
| S1 | 48.39 | -0.144% |
| S2 | 47.50 | -1.98% |
| S3 | 46.86 | -3.30% |
FAQ
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