Vanguard Diversified High Growth Index ETF Forecast
Vanguard Diversified High Growth Index ETF upgraded to Buy Candidate.
(Updated on Jun 21, 2024)
The Vanguard Diversified High Growth Index ETF price fell by -0.0309% on the last day (Friday, 21st Jun 2024) from A$64.72 to A$64.70. During the last trading day the ETF fluctuated 0.387% from a day low at A$64.56 to a day high of A$64.81. The price has fallen in 5 of the last 10 days but is still up by 0.22% 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 -9 thousand shares and in total, 40 thousand shares were bought and sold for approximately A$2.58 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 A$64.78 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Vanguard Diversified High Growth Index ETF with a 90% probability to be traded between A$63.55 and A$65.62 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.
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VDHG.AX Signals & Forecast
The Vanguard Diversified High Growth Index 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 A$64.62 and A$64.18. 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, June 19, 2024, and so far it has fallen -0.0772%. 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 Diversified High Growth Index ETF
Vanguard Diversified High Growth Index finds support from accumulated volume at A$64.68 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 A$0.250 between high and low, or 0.387%. For the last week the ETF has had daily average volatility of 0.263%.
Our recommended stop-loss: A$62.37 (-3.60%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (VDHG.AX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Vanguard Diversified High Growth Index ETF to open at A$64.69, and during the day (based on 14 day Average True Range), to move between A$64.42 and A$64.98, which gives a possible trading interval of +/-A$0.283 (+/-0.44%) up or down from last closing price. If Vanguard Diversified High Growth Index ETF takes out the full calculated possible swing range there will be an estimated 0.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at A$64.72 (0.03%) than the support at A$64.68 (0.03%), 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 Diversified High Growth Index ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Vanguard Diversified High Growth Index ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.022 Buy Candidate Upgraded
Predicted Opening Price for Vanguard Diversified High Growth Index ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| A$64.69 ( 0.0155%) | A$64.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VDHG.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 64.94 | 0.371% |
| R2 | 64.84 | 0.223% |
| R1 | 64.79 | 0.132% |
| Price | 64.70 | |
| S1 | 64.59 | -0.163% |
| S2 | 64.54 | -0.254% |
| S3 | 64.44 | -0.402% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 65.10 | 0.618% |
| R2 | 64.75 | 0.0773% |
| R1 | 64.72 | 0.0309% |
| Price | 64.70 | |
| S1 | 64.68 | -0.0309% |
| S2 | 62.73 | -3.04% |
| S3 | 62.61 | -3.23% |
VDHG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 02, 2024 | Apr 02, 2024 | Apr 17, 2024 | A$0.458 | 0.732% |
| 2 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | A$0.288 | 0.478% |
| 3 | Oct 02, 2023 | Oct 02, 2023 | Oct 02, 2023 | A$0.453 | 0.798% |
| 4 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | A$0.664 | 1.15% |
| 5 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | A$0.255 | 0.452% |
FAQ
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