Vanguard S&P Small-Cap 600 Value Index ETF Forecast
Weaker technical forecast for Vanguard S&P Small-Cap 600 Value Index as ETF downgraded to Sell Candidate.
(Updated on May 17, 2024)
The Vanguard S&P Small-Cap 600 Value Index ETF price fell by -0.330% on the last day (Friday, 17th May 2024) from $87.90 to $87.61. During the last trading day the ETF fluctuated 0.526% from a day low at $87.44 to a day high of $87.90. The price has risen in 7 of the last 10 days and is up by 3.06% over the past 2 weeks. Volume has increased on the last day by 21 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, 43 thousand shares were bought and sold for approximately $3.77 million.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $87.90 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Vanguard S&P Small-Cap 600 Value Index ETF with a 90% probability to be traded between $80.66 and $87.69 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VIOV Signals & Forecast
The Vanguard S&P Small-Cap 600 Value Index ETF 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 $87.35 and $84.79. 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, May 16, 2024, and so far it has fallen -0.330%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Vanguard S&P Small-Cap 600 Value Index ETF
Vanguard S&P Small-Cap 600 Value Index finds support from accumulated volume at $85.59 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 $0.460 (0.526%) between high and low. For the last week, the ETF has had daily average volatility of 0.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VIOV) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Vanguard S&P Small-Cap 600 Value Index Fund ETF Shares to open at $87.65, and during the day (based on 14 day Average True Range), to move between $86.47 and $88.75, which gives a possible trading interval of +/-$1.14 (+/-1.30%) up or down from last closing price. If Vanguard S&P Small-Cap 600 Value Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 2.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $87.82 (0.24%) than the support at $85.59 (2.31%), 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 Small-Cap 600 Value Index Fund ETF Shares ETF A Buy?
Vanguard S&P Small-Cap 600 Value Index holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.392 Sell Candidate Downgraded
Predicted Opening Price for Vanguard S&P Small-Cap 600 Value Index Fund ETF Shares of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $87.65 ( 0.0457%) | $87.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIOV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 88.11 | 0.571 % | |
| R2 | 87.93 | 0.370 % | ||
| R1 | 87.83 | 0.246 % | ||
| Current price: | 87.61 | |||
| Support | S1 | 87.47 | -0.155 % | |
| S2 | 87.37 | -0.279 % | ||
| S3 | 87.19 | -0.479 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 88.42 | 0.92 % | |
| R2 | 88.00 | 0.445 % | ||
| R1 | 87.82 | 0.240 % | ||
| Current price | 87.61 | |||
| Support | S1 | 85.59 | -2.31% | |
| S2 | 84.85 | -3.15% | ||
| S3 | 83.83 | -4.31% |
VIOV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.200 | 0.227% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.675 | 0.780% |
| 3 | Mar 15, 2023 | Sep 28, 2023 | Oct 03, 2023 | $0.434 | 0.584% |
| 4 | Mar 15, 2023 | Jun 29, 2023 | Jul 05, 2023 | $0.351 | 0.430% |
| 5 | Mar 15, 2023 | Mar 24, 2023 | Mar 29, 2023 | $0.184 | 0.232% |
FAQ
Click here for our free guide on how to buy Vanguard S&P Small-Cap 600 Value Index Fund ETF Shares ETF.
