Vanguard S&P Small-Cap 600 ETF Forecast
Green day on Friday for Vanguard S&P Small-Cap 600
(Updated on Apr 19, 2024)
The Vanguard S&P Small-Cap 600 ETF price gained 0.798% on the last trading day (Friday, 19th Apr 2024), rising from $94.04 to $94.79. During the last trading day the ETF fluctuated 1.48% from a day low at $93.54 to a day high of $94.92. The price has been going up and down for this period, and there has been a -4.09% loss 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, 18 thousand more shares were traded than the day before. In total, 102 thousand shares were bought and sold for approximately $9.67 million.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $93.72 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Vanguard S&P Small-Cap 600 ETF with a 90% probability to be traded between $94.70 and $102.82 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VIOO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.17%. Further rise is indicated until a new top pivot has been found. 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. The Vanguard S&P Small-Cap 600 ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $95.09 and $97.97. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Vanguard S&P Small-Cap 600 ETF
Vanguard S&P Small-Cap 600 finds support from accumulated volume at $94.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.38 (1.48%) between high and low. For the last week, the ETF has had daily average volatility of 1.70%.
Our recommended stop-loss: $89.09 (-6.02%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (VIOO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Vanguard S&P Small-Cap 600 ETF to open at $94.42, and during the day (based on 14 day Average True Range), to move between $93.23 and $96.35, which gives a possible trading interval of +/-$1.56 (+/-1.64%) up or down from last closing price. If Vanguard S&P Small-Cap 600 ETF takes out the full calculated possible swing range there will be an estimated 3.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $94.75 (0.04%) than the resistance at $95.13 (0.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vanguard S&P Small-Cap 600 ETF ETF A Buy?
Vanguard S&P Small-Cap 600 holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.486 Hold/Accumulate Unchanged
Predicted Opening Price for Vanguard S&P Small-Cap 600 ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $94.42 ( 0.394%) | $94.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIOO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.80 | 1.06 % | |
| R2 | 95.27 | 0.506 % | ||
| R1 | 94.94 | 0.162 % | ||
| Current price: | 94.79 | |||
| Support | S1 | 93.89 | -0.95 % | |
| S2 | 93.56 | -1.29 % | ||
| S3 | 93.04 | -1.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 98.11 | 3.50 % | |
| R2 | 97.48 | 2.84 % | ||
| R1 | 95.13 | 0.359 % | ||
| Current price | 94.79 | |||
| Support | S1 | 94.75 | -0.0422% | |
| S2 | 94.65 | -0.148% | ||
| S3 | 93.69 | -1.16% |
VIOO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $1.46 | 1.50% |
| 2 | Dec 16, 2022 | Dec 20, 2022 | Dec 23, 2022 | $1.31 | 1.51% |
| 3 | Dec 17, 2021 | Dec 21, 2021 | Dec 27, 2021 | $1.22 | 1.15% |
| 4 | Dec 18, 2020 | Dec 22, 2020 | Dec 28, 2020 | $0.91 | 1.08% |
| 5 | Dec 13, 2019 | Dec 16, 2019 | Dec 19, 2019 | $1.04 | 1.37% |
FAQ
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