Vanguard Ftse Japan Ucits Etf ETF Forecast
Stronger technical forecast for Vanguard Ftse Japan Ucits Etf ETF price after Tuesday trading.
(Updated on Jul 02, 2024)
The Vanguard Ftse Japan Ucits Etf ETF price gained 1.19% on the last trading day (Tuesday, 2nd Jul 2024), rising from 33.10€ to 33.49€. During the last trading day the ETF fluctuated 0.480% from a day low at 33.33€ to a day high of 33.49€. The price has risen in 6 of the last 10 days and is up by 3.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately 494.48€ thousand.
The ETF lies the upper part of a falling 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 33.66€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.79% during the next 3 months and, with a 90% probability hold a price between 31.02€ and 32.72€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VJPN.F Signals & Forecast
The Vanguard Ftse Japan Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 33.13€ and 33.13€. A breakdown below any of these levels will issue sell signals. Vanguard Ftse Japan Ucits Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Friday, June 28, 2024, and so far it has fallen 0%. 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). The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Monday, June 10, 2024 and based on theory for this formation the price should fall by -2.84% to 32.54€ within 25 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Vanguard Ftse Japan Ucits Etf ETF
Vanguard Ftse Japan Ucits Etf finds support from accumulated volume at 33.32€ 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 0.160€ between high and low, or 0.480%. For the last week the ETF has had daily average volatility of 0.701%.
Our recommended stop-loss: 32.14€ (-4.02%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (VJPN.F) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Vanguard Ftse Japan Ucits Etf to open at 33.44€, and during the day (based on 14 day Average True Range), to move between 33.17€ and 33.81€, which gives a possible trading interval of +/-0.325€ (+/-0.97%) up or down from last closing price. If Vanguard Ftse Japan Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 33.53€ (0.12%) than the support at 33.32€ (0.51%), 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 Ftse Japan Ucits Etf ETF A Buy?
Vanguard Ftse Japan Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.829 Hold/Accumulate Upgraded
Predicted Opening Price for Vanguard Ftse Japan Ucits Etf of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 33.44€ ( 0.159%) | 33.49€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VJPN.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.60 | 0.319% |
| R2 | 33.54 | 0.136% |
| R1 | 33.50 | 0.0233% |
| Price | 33.49 | |
| S1 | 33.38 | -0.342% |
| S2 | 33.34 | -0.455% |
| S3 | 33.28 | -0.637% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.19 | 2.09% |
| R2 | 34.17 | 2.03% |
| R1 | 33.53 | 0.119% |
| Price | 33.49 | |
| S1 | 33.32 | -0.508% |
| S2 | 33.26 | -0.687% |
| S3 | 33.24 | -0.746% |
FAQ
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