Vanguard FTSE Europe Shares ETF Forecast
Vanguard FTSE Europe Shares ETF price ended at A$73.00 on Friday, after gaining 0.178%.
(Updated on Jun 21, 2024)
The Vanguard FTSE Europe Shares ETF price gained 0.178% on the last trading day (Friday, 21st Jun 2024), rising from A$72.87 to A$73.00. During the last trading day the ETF fluctuated 2.45% from a day low at A$72.95 to a day high of A$74.74. The price has fallen in 6 of the last 10 days and is down by -2.84% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately A$500.78 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at A$72.55 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 3.10% during the next 3 months and, with a 90% probability hold a price between A$74.79 and A$78.66 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VEQ.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.220%. Further rise is indicated until a new top pivot has been found. Vanguard FTSE Europe Shares has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vanguard FTSE Europe Shares 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 A$73.22 and A$73.90. 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). The ETF had a Golden Star Signal on Tuesday, May 07, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Tuesday, May 07, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -0.760% to A$72.44 within 15 trading days since signal was issued (Friday, June 28, 2024).
Support, Risk & Stop-loss for Vanguard FTSE Europe Shares ETF
Vanguard FTSE Europe Shares finds support from accumulated volume at A$72.65 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$1.79 between high and low, or 2.45%. For the last week the ETF has had daily average volatility of 0.85%.
Our recommended stop-loss: A$68.51 (-6.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (VEQ.AX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Vanguard FTSE Europe Shares ETF to open at A$73.56, and during the day (based on 14 day Average True Range), to move between A$72.33 and A$73.67, which gives a possible trading interval of +/-A$0.674 (+/-0.92%) up or down from last closing price. If Vanguard FTSE Europe Shares ETF takes out the full calculated possible swing range there will be an estimated 1.85% 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$73.09 (0.12%) than the support at A$72.65 (0.48%), 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 FTSE Europe Shares ETF ETF A Buy?
Vanguard FTSE Europe Shares 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.
Current score: 0.146 Hold/Accumulate Unchanged
Predicted Opening Price for Vanguard FTSE Europe Shares ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| A$73.56 ( 0.772%) | A$73.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VEQ.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75.35 | 3.22% |
| R2 | 74.67 | 2.29% |
| R1 | 74.25 | 1.71% |
| Price | 73.00 | |
| S1 | 72.88 | -0.165% |
| S2 | 72.46 | -0.744% |
| S3 | 71.77 | -1.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 74.27 | 1.74% |
| R2 | 74.25 | 1.71% |
| R1 | 73.09 | 0.123% |
| Price | 73.00 | |
| S1 | 72.65 | -0.479% |
| S2 | 72.09 | -1.25% |
| S3 | 71.58 | -1.95% |
VEQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 02, 2024 | Apr 02, 2024 | Apr 17, 2024 | A$0.372 | 0.524% |
| 2 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | A$0.427 | 0.637% |
| 3 | Oct 02, 2023 | Oct 02, 2023 | Oct 02, 2023 | A$0.347 | 0.537% |
| 4 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | A$0.95 | 1.45% |
| 5 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | A$0.161 | 0.249% |
FAQ
Click here for our free guide on how to buy Vanguard FTSE Europe Shares ETF ETF.
