Vanguard FTSE Canadian High Dividend ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Vanguard FTSE Canadian High Dividend ETF price after Tuesday trading.
(Updated on Jun 25, 2024)
No changes to the price of Vanguard FTSE Canadian High Dividend ETF on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $42.73 to a day high of $42.73. The price has fallen in 6 of the last 10 days and is down by -2.23% for this period.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $42.49 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Vanguard FTSE Canadian High Dividend ETF with a 90% probability to be traded between $42.01 and $44.46 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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VDY.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vanguard FTSE Canadian High Dividend 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 $42.79 and $44.06. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vanguard FTSE Canadian High Dividend ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.384%
Vanguard FTSE Canadian High Dividend is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $39.85 (-6.72%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 14 which reduces the risk some. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (VDY.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Vanguard FTSE Canadian High Dividend Yield Index ETF to open at $42.73, and during the day (based on 14 day Average True Range), to move between $42.39 and $43.06, which gives a possible trading interval of +/-$0.339 (+/-0.79%) up or down from last closing price. If Vanguard FTSE Canadian High Dividend Yield Index ETF takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $42.85, some $0.125 (0.29%) from the current price of $42.73, our system finds the risk reward not very attractive.
Is Vanguard FTSE Canadian High Dividend Yield Index ETF ETF A Buy?
Vanguard FTSE Canadian High Dividend 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Vanguard FTSE Canadian High Dividend Yield Index ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $42.73 ( 0%) | $42.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VDY.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.73 | - |
| R2 | 42.73 | - |
| R1 | 42.73 | - |
| Price | 42.73 | |
| S1 | 42.73 | - |
| S2 | 42.73 | - |
| S3 | 42.73 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.19 | 3.43% |
| R2 | 42.90 | 0.410% |
| R1 | 42.85 | 0.293% |
| Price | 42.73 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
VDY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 08, 2024 | $0.176 | 0.396% |
| 2 | Mar 15, 2024 | Mar 15, 2024 | Mar 25, 2024 | $0.173 | 0.394% |
| 3 | Feb 29, 2024 | Feb 29, 2024 | Mar 08, 2024 | $0.179 | 0.412% |
| 4 | Jan 31, 2024 | Jan 31, 2024 | Feb 08, 2024 | $0.195 | 0.471% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.167 | 0.393% |
FAQ
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