Vanguard Consumer Discretionary Index ETF Forecast
Vanguard Consumer Discretionary Index ETF price down 0.288% on Wednesday
(Updated on May 08, 2024)
The Vanguard Consumer Discretionary Index ETF price fell by -0.288% on the last day (Wednesday, 8th May 2024) from $308.60 to $307.71. During the last trading day the ETF fluctuated 0.770% from a day low at $305.36 to a day high of $307.71. The price has been going up and down for this period, and there has been a 2.78% gain for the last 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 -3 thousand shares and in total, 24 thousand shares were bought and sold for approximately $7.42 million.
The ETF lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $310.03 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.74% during the next 3 months and, with a 90% probability hold a price between $282.23 and $301.55 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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VCR Signals & Forecast
The Vanguard Consumer Discretionary Index 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 $305.48 and $306.66. 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 Monday, May 06, 2024, and so far it has fallen -0.84%. 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 Consumer Discretionary Index ETF
Vanguard Consumer Discretionary Index finds support from accumulated volume at $299.54 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 $2.35 between high and low, or 0.770%. For the last week the ETF has had daily average volatility of 0.96%.
Our recommended stop-loss: $295.45 (-3.98%) (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 (VCR) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Vanguard Consumer Discretionary Index Fund ETF Shares to open at $306.93, and during the day (based on 14 day Average True Range), to move between $303.19 and $312.23, which gives a possible trading interval of +/-$4.52 (+/-1.47%) up or down from last closing price. If Vanguard Consumer Discretionary Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 2.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $311.21 (1.14%) than the support at $299.54 (2.66%), 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 Consumer Discretionary Index Fund ETF Shares ETF A Buy?
Vanguard Consumer Discretionary Index 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: 0.567 Hold/Accumulate Unchanged
Predicted Opening Price for Vanguard Consumer Discretionary Index Fund ETF Shares of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $306.93 ( 0.255%) | $307.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VCR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 309.28 | 0.509 % | |
| R2 | 308.38 | 0.217 % | ||
| R1 | 307.82 | 0.0372 % | ||
| Current price: | 307.71 | |||
| Support | S1 | 306.03 | -0.546 % | |
| S2 | 305.47 | -0.727 % | ||
| S3 | 304.58 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 317.39 | 3.15 % | |
| R2 | 315.74 | 2.61 % | ||
| R1 | 311.21 | 1.14 % | ||
| Current price | 307.71 | |||
| Support | S1 | 299.54 | -2.66% | |
| S2 | 295.93 | -3.83% | ||
| S3 | 292.03 | -5.10% |
VCR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.639 | 0.201% |
| 2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.585 | 0.190% |
| 3 | Mar 15, 2023 | Sep 28, 2023 | Oct 03, 2023 | $0.721 | 0.275% |
| 4 | Mar 15, 2023 | Jun 29, 2023 | Jul 05, 2023 | $0.546 | 0.191% |
| 5 | Mar 15, 2023 | Mar 24, 2023 | Mar 29, 2023 | $0.695 | 0.284% |
FAQ
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