VGI Partners Global Investments Ltd Fund Forecast
Stronger technical forecast for VGI Partners Global Investments Ltd fund price after Tuesday trading.
(Updated on Jul 02, 2024)
The VGI Partners Global Investments Ltd fund price gained 1.04% on the last trading day (Tuesday, 2nd Jul 2024), rising from A$1.92 to A$1.94. During the last trading day the fund fluctuated 2.37% from a day low at A$1.90 to a day high of A$1.95. The price has been going up and down for this period, and there has been a 1.84% gain for the last 2 weeks. Volume fell on the last day by -210 thousand shares and in total, 436 thousand shares were bought and sold for approximately A$845.25 thousand. 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 fund lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at A$1.95 will firstly indicate a stronger rate of rising. Given the current short-term trend, the fund is expected to rise 6.23% during the next 3 months and, with a 90% probability hold a price between A$1.96 and A$2.07 at the end of this 3-month period.
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VG1.AX Signals & Forecast
The VGI Partners Global Investments Ltd fund 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 A$1.93 and A$1.90. 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 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for VGI Partners Global Investments Ltd fund
VGI Partners Global Investments Ltd finds support from accumulated volume at A$1.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved A$0.0450 between high and low, or 2.37%. For the last week the fund has had daily average volatility of 1.99%
Our recommended stop-loss: A$1.88 (-3.12%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (VG1.AX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect VGI Partners Global Investments Ltd to open at A$1.93, and during the day (based on 14 day Average True Range), to move between A$1.91 and A$1.97, which gives a possible trading interval of +/-A$0.0316 (+/-1.63%) up or down from last closing price. If VGI Partners Global Investments Ltd takes out the full calculated possible swing range there will be an estimated 3.26% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ A$1.92, some A$0.0200 (1.03%) from the current price of A$1.94, our system finds the risk reward attractive.
Is VGI Partners Global Investments Ltd fund 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 VGI Partners Global Investments Ltd fund to perform well in the short-term. We have upgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.222 Buy Candidate Upgraded
Predicted Opening Price for VGI Partners Global Investments Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| A$1.93 ( 0.601%) | A$1.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VG1.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.97 | 1.72% |
| R2 | 1.96 | 0.83% |
| R1 | 1.95 | 0.285% |
| Price | 1.94 | |
| S1 | 1.91 | -1.49% |
| S2 | 1.90 | -2.03% |
| S3 | 1.88 | -2.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1.94 | |
| S1 | 1.92 | -1.03% |
| S2 | 1.90 | -2.06% |
| S3 | 1.88 | -3.09% |
VG1 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Feb 14, 2024 | Mar 18, 2024 | A$0.0500 | 2.81% |
| 2 | Aug 23, 2023 | Aug 23, 2023 | Aug 23, 2023 | A$0.0500 | 3.09% |
| 3 | Feb 23, 2023 | Feb 23, 2023 | Feb 23, 2023 | A$0.0450 | 2.92% |
| 4 | Jan 29, 2020 | Mar 02, 2020 | Apr 03, 2020 | A$0.0143 | 0.677% |
FAQ
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