Vanguard Financials Index Fund Shares ETF Forecast

Stronger technical forecast for Vanguard Financials Index Fund Shares ETF price after Friday trading.
(Updated on May 17, 2024)

VFH Signals & Forecast

Mostly positive signals in the chart today. The Vanguard Financials Index Fund Shares 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 $101.93 and $99.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Vanguard Financials Index Fund Shares ETF

Vanguard Financials Index Fund Shares finds support from accumulated volume at $99.72 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 $0.570 between high and low, or 0.556%. For the last week the ETF has had daily average volatility of 0.635%.

The Vanguard Financials Index Fund Shares ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: $98.39 (-4.48%) (This ETF has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (VFH) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Vanguard Financials Index Fund ETF Shares to open at $102.84, and during the day (based on 14 day Average True Range), to move between $102.03 and $103.97, which gives a possible trading interval of +/-$0.97 (+/-0.94%) up or down from last closing price. If Vanguard Financials Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $99.72, some $3.28 (3.18%) from the current price of $103.00, our system finds the risk reward attractive.

Is Vanguard Financials Index Fund ETF Shares ETF A Buy?

Vanguard Financials Index Fund Shares holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.327 Strong Buy Candidate Upgraded

Predicted Opening Price for Vanguard Financials Index Fund ETF Shares of Monday, May 20, 2024

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