Vanguard Intermediate-Term Corporate ETF Forecast
Vanguard Intermediate-Term Corporate ETF upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Vanguard Intermediate-Term Corporate ETF price fell by -0.138% on the last day (Friday, 17th May 2024) from $79.87 to $79.76. During the last trading day the ETF fluctuated 0.201% from a day low at $79.73 to a day high of $79.89. The price has risen in 6 of the last 10 days and is up by 0.63% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -1 million shares and in total, 5 million shares were bought and sold for approximately $403.15 million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $79.89 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Vanguard Intermediate-Term Corporate ETF with a 90% probability to be traded between $76.17 and $78.54 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. 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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VCIT Signals & Forecast
The Vanguard Intermediate-Term Corporate 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 $79.51 and $78.99. A breakdown below any of these levels will issue sell signals. 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 Wednesday, May 15, 2024, and so far it has fallen -0.219%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Vanguard Intermediate-Term Corporate ETF
Vanguard Intermediate-Term Corporate finds support from accumulated volume at $79.70 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 $0.160 between high and low, or 0.201%. For the last week the ETF has had daily average volatility of 0.254%.
Our recommended stop-loss: $76.81 (-3.70%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (VCIT) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Vanguard Intermediate-Term Corporate Bond ETF to open at $79.79, and during the day (based on 14 day Average True Range), to move between $79.42 and $80.10, which gives a possible trading interval of +/-$0.341 (+/-0.43%) up or down from last closing price. If Vanguard Intermediate-Term Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $79.77 (0.01%) than the support at $79.70 (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 Intermediate-Term Corporate Bond ETF ETF A Buy?
Vanguard Intermediate-Term Corporate 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.025 Hold/Accumulate Upgraded
Predicted Opening Price for Vanguard Intermediate-Term Corporate Bond ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $79.79 ( 0.0418%) | $79.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VCIT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 79.95 | 0.242 % | |
| R2 | 79.89 | 0.166 % | ||
| R1 | 79.85 | 0.118 % | ||
| Current price: | 79.76 | |||
| Support | S1 | 79.73 | -0.0348 % | |
| S2 | 79.69 | -0.0822 % | ||
| S3 | 79.63 | -0.159 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 79.94 | 0.219 % | |
| R2 | 79.93 | 0.213 % | ||
| R1 | 79.77 | 0.0125 % | ||
| Current price | 79.76 | |||
| Support | S1 | 79.70 | -0.0752% | |
| S2 | 79.69 | -0.0878% | ||
| S3 | 79.25 | -0.639% |
VCIT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | May 01, 2024 | May 06, 2024 | $0.292 | 0.368% |
| 2 | Mar 27, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.294 | 0.369% |
| 3 | Feb 28, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.273 | 0.341% |
| 4 | Jan 30, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.281 | 0.349% |
| 5 | Dec 20, 2023 | Dec 22, 2023 | Dec 28, 2023 | $0.275 | 0.338% |
FAQ
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