Vanguard U.S. Momentum Factor ETF Forecast
Green day on Tuesday for Vanguard U.S. Momentum Factor
(Updated on May 14, 2024)
The Vanguard U.S. Momentum Factor ETF price gained 0.85% on the last trading day (Tuesday, 14th May 2024), rising from $148.02 to $149.28. During the last trading day the ETF fluctuated 0.756% from a day low at $148.23 to a day high of $149.35. The price has risen in 7 of the last 10 days and is up by 5.22% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 16 thousand shares were bought and sold for approximately $2.45 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $151.28 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Vanguard U.S. Momentum Factor ETF with a 90% probability to be traded between $138.23 and $151.01 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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VFMO Signals & Forecast
The Vanguard U.S. Momentum Factor 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 $148.63 and $146.29. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.0603%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Vanguard U.S. Momentum Factor ETF
Vanguard U.S. Momentum Factor finds support from accumulated volume at $148.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.12 (0.756%) between high and low. For the last week, the ETF has had daily average volatility of 0.93%.
Our recommended stop-loss: $144.56 (-3.16%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (VFMO) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Vanguard U.S. Momentum Factor ETF to open at $148.95, and during the day (based on 14 day Average True Range), to move between $147.10 and $151.46, which gives a possible trading interval of +/-$2.18 (+/-1.46%) up or down from last closing price. If Vanguard U.S. Momentum Factor ETF takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $148.60 (0.46%) than the resistance at $150.13 (0.57%), 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 U.S. Momentum Factor ETF ETF A Buy?
Vanguard U.S. Momentum Factor holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.300 Hold/Accumulate Unchanged
Predicted Opening Price for Vanguard U.S. Momentum Factor ETF of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $148.95 ( 0.219%) | $149.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VFMO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.07 | 0.531 % | |
| R2 | 149.65 | 0.245 % | ||
| R1 | 149.38 | 0.0678 % | ||
| Current price: | 149.28 | |||
| Support | S1 | 148.53 | -0.505 % | |
| S2 | 148.26 | -0.682 % | ||
| S3 | 147.83 | -0.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.91 | 1.09 % | |
| R2 | 150.27 | 0.663 % | ||
| R1 | 150.13 | 0.569 % | ||
| Current price | 149.28 | |||
| Support | S1 | 148.60 | -0.456% | |
| S2 | 143.21 | -4.07% | ||
| S3 | 142.19 | -4.75% |
VFMO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 26, 2024 | $0.158 | 0.105% |
| 2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.374 | 0.285% |
| 3 | Sep 19, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.154 | 0.138% |
| 4 | Jun 21, 2023 | Jun 23, 2023 | Jun 28, 2023 | $0.284 | 0.238% |
| 5 | Mar 21, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.355 | 0.324% |
FAQ
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