Vanguard Ftse Developed Europe Ex Uk ETF Forecast
Vanguard Ftse Developed Europe Ex Uk ETF downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Vanguard Ftse Developed Europe Ex Uk ETF price fell by -0.204% on the last day (Wednesday, 26th Jun 2024) from £39.17 to £39.09. During the last trading day the ETF fluctuated 1.40% from a day low at £38.89 to a day high of £39.44. The price has been going up and down for this period, and there has been a -1.2% loss for the last 2 weeks. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 14 thousand shares were bought and sold for approximately £530.17 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 £38.71 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 3.09% during the next 3 months and, with a 90% probability hold a price between £39.90 and £41.96 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.
VERG.L Signals & Forecast
There are few to no technical positive signals at the moment. The Vanguard Ftse Developed Europe Ex Uk ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £39.45. On a fall, the ETF will find some support from the short-term average at £39.06. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.610%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Vanguard Ftse Developed Europe Ex Uk gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 29, 2023.
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 Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 29, 2023.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 12 Months
The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 29, 2023.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 -1.66% to £38.44 within 15 trading days since signal was issued (Thursday, June 27, 2024).
Support, Risk & Stop-loss for Vanguard Ftse Developed Europe Ex Uk ETF
Vanguard Ftse Developed Europe Ex Uk finds support from accumulated volume at £38.62 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 £0.545 between high and low, or 1.40%. For the last week the ETF has had daily average volatility of 1.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VERG.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Vanguard Ftse Developed Europe Ex Uk Ucits Etf to open at £39.14, and during the day (based on 14 day Average True Range), to move between £38.65 and £39.54, which gives a possible trading interval of +/-£0.443 (+/-1.13%) up or down from last closing price. If Vanguard Ftse Developed Europe Ex Uk Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £38.62 (1.21%) than the resistance at £39.65 (1.43%), 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 Ftse Developed Europe Ex Uk Ucits Etf ETF A Buy?
The Vanguard Ftse Developed Europe Ex Uk ETF holds several negative signals and despite the positive trend, we believe Vanguard Ftse Developed Europe Ex Uk will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.850 Sell Candidate Downgraded
Predicted Opening Price for Vanguard Ftse Developed Europe Ex Uk Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £39.14 ( 0.119%) | £39.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VERG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.68 | 1.51% |
| R2 | 39.48 | 0.98% |
| R1 | 39.35 | 0.652% |
| Price | 39.09 | |
| S1 | 38.93 | -0.413% |
| S2 | 38.80 | -0.742% |
| S3 | 38.59 | -1.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.16 | 2.73% |
| R2 | 39.90 | 2.07% |
| R1 | 39.65 | 1.43% |
| Price | 39.09 | |
| S1 | 38.62 | -1.21% |
| S2 | 38.46 | -1.62% |
| S3 | 38.13 | -2.46% |
FAQ
Click here for our free guide on how to buy Vanguard Ftse Developed Europe Ex Uk Ucits Etf ETF.
