Vanguard U.s. Multifactor Etf ETF Forecast
Vanguard U.s. Multifactor Etf ETF price ended at $122.41 on Friday, after gaining 0.746%.
(Updated on Jun 28, 2024)
The Vanguard U.s. Multifactor Etf ETF price gained 0.746% on the last trading day (Friday, 28th Jun 2024), rising from $121.50 to $122.41. During the last trading day the ETF fluctuated 0.368% from a day low at $122.28 to a day high of $122.73. The price has been going up and down for this period, and there has been a 0.42% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately $1.47 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Vanguard U.s. Multifactor Etf ETF with a 90% probability to be traded between $118.37 and $125.69 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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VFMF Signals & Forecast
There are mixed signals in the ETF today. The Vanguard U.s. Multifactor Etf 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 $122.48 and $123.44. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.55%. 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). Vanguard U.s. Multifactor Etf 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.
Support, Risk & Stop-loss for Vanguard U.s. Multifactor Etf ETF
Vanguard U.s. Multifactor Etf finds support from accumulated volume at $121.21 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 $0.450 between high and low, or 0.368%. For the last week the ETF has had daily average volatility of 0.713%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VFMF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Vanguard U.s. Multifactor Etf to open at $122.47, and during the day (based on 14 day Average True Range), to move between $121.16 and $123.65, which gives a possible trading interval of +/-$1.25 (+/-1.02%) up or down from last closing price. If Vanguard U.s. Multifactor Etf takes out the full calculated possible swing range there will be an estimated 2.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $122.82 (0.34%) than the support at $121.21 (0.98%), 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 U.s. Multifactor Etf ETF A Buy?
Vanguard U.s. Multifactor Etf holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.498 Sell Candidate Unchanged
Predicted Opening Price for Vanguard U.s. Multifactor Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $122.47 ( 0.0539%) | $122.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VFMF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 122.92 | 0.422% |
| R2 | 122.75 | 0.281% |
| R1 | 122.64 | 0.194% |
| Price | 122.41 | |
| S1 | 122.30 | -0.0865% |
| S2 | 122.19 | -0.173% |
| S3 | 122.02 | -0.314% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 126.62 | 3.44% |
| R2 | 124.80 | 1.96% |
| R1 | 122.82 | 0.337% |
| Price | 122.41 | |
| S1 | 121.21 | -0.98% |
| S2 | 120.45 | -1.60% |
| S3 | 119.74 | -2.18% |
FAQ
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