VGI Partners Global Investments Ltd Fund Forecast
Red day on Friday for VGI Partners Global Investments Ltd
(Updated on Jun 28, 2024)
The VGI Partners Global Investments Ltd fund price fell by -0.258% on the last day (Friday, 28th Jun 2024) from A$1.94 to A$1.94. During the last trading day the fund fluctuated 1.03% from a day low at A$1.94 to a day high of A$1.96. The price has risen in 5 of the last 10 days and is up by 2.38% over the past 2 weeks. Volume has increased on the last day by 151 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 707 thousand shares were bought and sold for approximately A$1.37 million.
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$1.94 will firstly indicate a stronger rate of rising. Given the current short-term trend, the fund is expected to rise 5.76% during the next 3 months and, with a 90% probability hold a price between A$1.94 and A$2.05 at the end of this 3-month period.
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VG1.AX Signals & Forecast
There are mixed signals in the fund today. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.258%. 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). VGI Partners Global Investments Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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$1.92 and A$1.90. A breakdown below any of these levels will issue sell signals.
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 with good liquidity the risk is considered very low in this stock. During the last day, the fund moved A$0.0200 between high and low, or 1.03%. For the last week the fund has had daily average volatility of 1.83%.
Our recommended stop-loss: A$1.88 (-2.94%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (VG1.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect VGI Partners Global Investments Ltd to open at A$1.94, and during the day (based on 14 day Average True Range), to move between A$1.91 and A$1.96, which gives a possible trading interval of +/-A$0.0294 (+/-1.52%) 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 3.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at A$1.94 (0.26%) than the support at A$1.92 (0.78%), 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 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.
Current score: 3.468 Buy Candidate Unchanged
Predicted Opening Price for VGI Partners Global Investments Ltd of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
A$1.94 ( 0.345%) | 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 | 1.96 | 1.38% |
R2 | 1.95 | 0.98% |
R1 | 1.95 | 0.739% |
Price | 1.94 | |
S1 | 1.93 | -0.0503% |
S2 | 1.93 | -0.294% |
S3 | 1.92 | -0.689% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 1.94 | 0.258% |
Price | 1.94 | |
S1 | 1.92 | -0.775% |
S2 | 1.90 | -1.81% |
S3 | 1.88 | -2.84% |
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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