Vanguard S&P 500 Index ETF Forecast

Vanguard S&P 500 Index ETF price down 0% on Tuesday
(Updated on Jun 25, 2024)

VFV.TO Signals & Forecast

The Vanguard S&P 500 Index ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $133.43. On a fall, the ETF will find some support from the long-term average at approximately $129.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, June 19, 2024, and so far it has fallen -0.731%. 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 0.303%

Our recommended stop-loss: $127.97 (-3.86%) (This ETF has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 46 days ago.)

Trading Expectations (VFV.TO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Vanguard S&P 500 Index ETF to open at $133.11, and during the day (based on 14 day Average True Range), to move between $132.32 and $133.90, which gives a possible trading interval of +/-$0.785 (+/-0.59%) 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 1.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $133.16 (0.04%) than the support at $125.43 (5.77%), 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?

Vanguard S&P 500 Index 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Vanguard S&P 500 Index ETF of Wednesday, June 26, 2024

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