Vanguard S&P 500 Index ETF Forecast

Vanguard S&P 500 Index ETF upgraded to Buy Candidate.
(Updated on Jun 17, 2024)

VFV.TO Signals & Forecast

The Vanguard S&P 500 Index 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 $131.95 and $128.12. 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). 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, June 13, 2024, and so far it has fallen -0.0678%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Vanguard S&P 500 Index ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $125.43 and $124.00. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Vanguard S&P 500 Index finds support just below today's level at $125.43. If this is broken, then the next support from accumulated volume will be at $124.00 and $123.80.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.453%

The Vanguard S&P 500 Index 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. 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: $128.06 (-3.47%) (This ETF has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (VFV.TO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Vanguard S&P 500 Index ETF to open at $132.66, and during the day (based on 14 day Average True Range), to move between $131.76 and $133.56, which gives a possible trading interval of +/-$0.90 (+/-0.68%) up or down from last closing price. If Vanguard S&P 500 Index ETF takes out the full calculated possible swing range there will be an estimated 1.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $132.75 (0.07%) than the support at $125.43 (5.45%), 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 S&P 500 Index ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Vanguard S&P 500 Index ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.253 Buy Candidate Upgraded

Predicted Opening Price for Vanguard S&P 500 Index ETF of Tuesday, June 18, 2024

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