Vanguard Consumer Staples Index Fund ETF Forecast

Vanguard Consumer Staples Index Fund ETF downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 17, 2024)

VDC Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.396%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vanguard Consumer Staples Index Fund ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $196.53 and $200.07. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Vanguard Consumer Staples Index Fund ETF

Vanguard Consumer Staples Index Fund finds support from accumulated volume at $193.05 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 0.81%. For the last week the ETF has had daily average volatility of 0.94%.

Vanguard Consumer Staples Index Fund is oversold on RSI14 (18). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $183.62 (-6.00%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 18 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (VDC) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Vanguard Consumer Staples Index Fund ETF Shares to open at $195.39, and during the day (based on 14 day Average True Range), to move between $193.65 and $197.03, which gives a possible trading interval of +/-$1.69 (+/-0.86%) up or down from last closing price. If Vanguard Consumer Staples Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $193.05 (1.17%) than the resistance at $198.32 (1.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Vanguard Consumer Staples Index Fund ETF Shares ETF A Buy?

Vanguard Consumer Staples Index Fund holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.433 Hold/Accumulate Downgraded

Predicted Opening Price for Vanguard Consumer Staples Index Fund ETF Shares of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.