VANGUARD INFORMATION TECHNOLOGY INDEX ETF Forecast
Green day on Wednesday for VANGUARD INFORMATION TECHNOLOGY INDEX ETF after gaining 0.237%
(Updated on Mar 27, 2024)
The VANGUARD INFORMATION TECHNOLOGY INDEX ETF price gained 0.237% on the last trading day (Wednesday, 27th Mar 2024), rising from $523.84 to $525.08. During the last trading day the ETF fluctuated 1.29% from a day low at $520.51 to a day high of $527.25. The price has been going up and down for this period, and there has been a 0.13% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 336 thousand shares were bought and sold for approximately $176.63 million.
The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 11.39% during the next 3 months and, with a 90% probability hold a price between $571.71 and $604.74 at the end of this 3-month period.
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VGT Signals & Forecast
The VANGUARD INFORMATION TECHNOLOGY 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 $525.63. On a fall, the ETF will find some support from the long-term average at approximately $518.70. 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. 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 Thursday, March 07, 2024, and so far it has fallen -0.96%. 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 INFORMATION TECHNOLOGY INDEX ETF
VANGUARD INFORMATION TECHNOLOGY INDEX finds support from accumulated volume at $508.06 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 $6.74 between high and low, or 1.29%. For the last week the ETF has had daily average volatility of 1.12%.
Our recommended stop-loss: $502.95 (-4.21%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (VGT) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect VANGUARD INFORMATION TECHNOLOGY INDEX FUND ETF SHARES to open at $524.28, and during the day (based on 14 day Average True Range), to move between $517.20 and $532.96, which gives a possible trading interval of +/-$7.88 (+/-1.50%) up or down from last closing price. If VANGUARD INFORMATION TECHNOLOGY INDEX FUND ETF SHARES takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $527.39 (0.44%) than the support at $508.06 (3.24%), 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 INFORMATION TECHNOLOGY INDEX FUND ETF SHARES 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 INFORMATION TECHNOLOGY INDEX ETF to perform well in the short-term.
Current score: 3.176 Buy Candidate Unchanged
Predicted Opening Price for VANGUARD INFORMATION TECHNOLOGY INDEX FUND ETF SHARES of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$524.28 ( 0.152%) | $525.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VGT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 531.02 | 1.13 % | |
R2 | 528.45 | 0.641 % | ||
R1 | 526.85 | 0.338 % | ||
Current price: | 525.08 | |||
Support | S1 | 521.71 | -0.643 % | |
S2 | 520.11 | -0.95 % | ||
S3 | 517.54 | -1.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 530.00 | 0.94 % | |
R2 | 528.37 | 0.627 % | ||
R1 | 527.39 | 0.440 % | ||
Current price | 525.08 | |||
Support | S1 | 508.06 | -3.24% | |
S2 | 493.91 | -5.94% | ||
S3 | 464.98 | -11.45% |
VGT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 22, 2024 | Mar 27, 2024 | $1.26 | 0.240% |
2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.795 | 0.164% |
3 | Mar 15, 2023 | Sep 28, 2023 | Oct 03, 2023 | $0.88 | 0.214% |
4 | Mar 15, 2023 | Jun 29, 2023 | Jul 05, 2023 | $0.676 | 0.154% |
5 | Mar 15, 2023 | Mar 24, 2023 | Mar 29, 2023 | $0.772 | 0.206% |
FAQ
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