Vanguard U.S. Momentum Factor ETF Forecast
Green day on Monday for Vanguard U.S. Momentum Factor ETF after gaining 0.796%
(Updated on Jun 10, 2024)
The Vanguard U.S. Momentum Factor ETF price gained 0.796% on the last trading day (Monday, 10th Jun 2024), rising from $148.31 to $149.49. During the last trading day the ETF fluctuated 1.36% from a day low at $147.55 to a day high of $149.56. The price has fallen in 6 of the last 10 days and is down by -0.72% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 30 thousand shares were bought and sold for approximately $4.46 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. Momentum Factor ETF with a 90% probability to be traded between $140.95 and $154.22 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $149.11 and $147.77. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, May 15, 2024, and so far it has fallen -1.74%. 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).
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.
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 $2.01 between high and low, or 1.36%. For the last week the ETF has had daily average volatility of 1.26%.
Our recommended stop-loss: $142.55 (-4.64%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)
Trading Expectations (VFMO) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Vanguard U.S. Momentum Factor ETF to open at $148.87, and during the day (based on 14 day Average True Range), to move between $147.37 and $151.61, which gives a possible trading interval of +/-$2.12 (+/-1.42%) 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 2.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $150.03 (0.36%) than the support at $148.60 (0.60%), 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. 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: 0.135 Hold/Accumulate Unchanged
Predicted Opening Price for Vanguard U.S. Momentum Factor ETF of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| $148.87 ( 0.417%) | $149.49 |
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 | |
|---|---|---|
| R3 | 150.88 | 0.93% |
| R2 | 150.11 | 0.414% |
| R1 | 149.63 | 0.0967% |
| Price | 149.49 | |
| S1 | 148.10 | -0.93% |
| S2 | 147.62 | -1.25% |
| S3 | 146.86 | -1.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 150.91 | 0.95% |
| R2 | 150.13 | 0.428% |
| R1 | 150.03 | 0.361% |
| Price | 149.49 | |
| S1 | 148.60 | -0.595% |
| S2 | 143.21 | -4.20% |
| S3 | 142.19 | -4.89% |
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
Click here for our free guide on how to buy Vanguard U.S. Momentum Factor ETF ETF.
