Vanguard MSCI Australian Large Companies ETF Forecast
Green day on Friday for Vanguard MSCI Australian Large Companies
(Updated on Jun 21, 2024)
The Vanguard MSCI Australian Large Companies ETF price gained 0.314% on the last trading day (Friday, 21st Jun 2024), rising from A$79.51 to A$79.76. During the last trading day the ETF fluctuated 0.643% from a day low at A$79.35 to a day high of A$79.86. The price has fallen in 6 of the last 10 days but is still up by 0.35% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 1 thousand shares were bought and sold for approximately A$95.31 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at A$80.28 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Vanguard MSCI Australian Large Companies ETF with a 90% probability to be traded between A$77.83 and A$81.61 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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VLC.AX Signals & Forecast
The Vanguard MSCI Australian Large Companies 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 A$79.30 and A$78.65. 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 Friday, June 07, 2024, and so far it has fallen -0.113%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Wednesday, August 09, 2023 in the long-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 12 Months
The ETF had a Golden Star Signal on Wednesday, August 09, 2023 in the long-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 Friday, June 07, 2024 and based on theory for this formation the price should fall by -6.73% to A$74.39 within 12 trading days since signal was issued (Wednesday, June 26, 2024).
Support, Risk & Stop-loss for Vanguard MSCI Australian Large Companies ETF
Vanguard MSCI Australian Large Companies finds support from accumulated volume at A$79.73 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved A$0.510 between high and low, or 0.643%. For the last week the ETF has had daily average volatility of 0.437%
Our recommended stop-loss: A$77.25 (-3.15%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (VLC.AX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Vanguard MSCI Australian Large Companies Index ETF to open at A$79.66, and during the day (based on 14 day Average True Range), to move between A$79.15 and A$80.37, which gives a possible trading interval of +/-A$0.608 (+/-0.76%) up or down from last closing price. If Vanguard MSCI Australian Large Companies Index ETF takes out the full calculated possible swing range there will be an estimated 1.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at A$79.73 (0.04%) than the resistance at A$79.83 (0.09%), 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 MSCI Australian Large Companies Index ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Vanguard MSCI Australian Large Companies ETF to perform well in the short-term period.
Current score: 1.686 Buy Candidate Unchanged
Predicted Opening Price for Vanguard MSCI Australian Large Companies Index ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| A$79.66 ( 0.130%) | A$79.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 80.17 | 0.510% |
| R2 | 79.97 | 0.266% |
| R1 | 79.85 | 0.115% |
| Price | 79.76 | |
| S1 | 79.46 | -0.374% |
| S2 | 79.34 | -0.525% |
| S3 | 79.15 | -0.769% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 79.96 | 0.251% |
| R2 | 79.85 | 0.113% |
| R1 | 79.83 | 0.0878% |
| Price | 79.76 | |
| S1 | 79.73 | -0.0376% |
| S2 | 79.42 | -0.426% |
| S3 | 77.86 | -2.38% |
VLC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 02, 2024 | Apr 02, 2024 | Apr 17, 2024 | A$0.88 | 1.15% |
| 2 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | A$0.679 | 0.88% |
| 3 | Oct 02, 2023 | Oct 02, 2023 | Oct 02, 2023 | A$1.31 | 1.86% |
| 4 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | A$1.26 | 1.75% |
| 5 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | A$0.441 | 0.601% |
FAQ
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