Vanguard MSCI Australian Large Companies ETF Forecast
Red day on Wednesday for Vanguard MSCI Australian Large Companies ETF after losing 0.710%
(Updated on Jun 26, 2024)
The Vanguard MSCI Australian Large Companies ETF price fell by -0.710% on the last day (Wednesday, 26th Jun 2024) from A$80.30 to A$79.73. During the last trading day the ETF fluctuated 0.515% from a day low at A$79.59 to a day high of A$80.00. The price has fallen in 6 of the last 10 days but is still up by 1.44% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -7 thousand shares and in total, 973 shares were bought and sold for approximately A$77.58 thousand.
The ETF lies in the middle of a narrow and weak 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 2.46% during the next 3 months and, with a 90% probability hold a price between A$79.00 and A$82.57 at the end of this 3-month period.
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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$79.66 and A$78.87. 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 Tuesday, June 25, 2024, and so far it has fallen -0.710%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. 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.
Support, Risk & Stop-loss for Vanguard MSCI Australian Large Companies ETF
Vanguard MSCI Australian Large Companies finds support from accumulated volume at A$79.42 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$0.410 between high and low, or 0.515%. For the last week the ETF has had daily average volatility of 0.529%
Our recommended stop-loss: A$76.65 (-3.87%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (VLC.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Vanguard MSCI Australian Large Companies Index ETF to open at A$79.77, and during the day (based on 14 day Average True Range), to move between A$79.08 and A$80.38, which gives a possible trading interval of +/-A$0.647 (+/-0.81%) 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 1.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at A$79.83 (0.13%) than the support at A$79.42 (0.39%), 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 MSCI Australian Large Companies Index ETF 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 MSCI Australian Large Companies ETF to perform well in the short-term.
Current score: 2.629 Buy Candidate Unchanged
Predicted Opening Price for Vanguard MSCI Australian Large Companies Index ETF of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
A$79.77 ( 0.0544%) | A$79.73 |
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 | 80.18 | 0.569% |
R2 | 80.03 | 0.372% |
R1 | 79.93 | 0.251% |
Price | 79.73 | |
S1 | 79.62 | -0.142% |
S2 | 79.52 | -0.263% |
S3 | 79.36 | -0.460% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 80.30 | 0.715% |
R2 | 79.96 | 0.288% |
R1 | 79.83 | 0.125% |
Price | 79.73 | |
S1 | 79.42 | -0.389% |
S2 | 78.01 | -2.16% |
S3 | 77.86 | -2.35% |
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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