Vanguard MSCI Australian Large Companies ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Thursday for Vanguard MSCI Australian Large Companies
(Updated on Jul 04, 2024)
The Vanguard MSCI Australian Large Companies ETF price gained 1.65% on the last trading day (Thursday, 4th Jul 2024), rising from A$79.23 to A$80.54. During the last trading day the ETF fluctuated 0.574% from a day low at A$80.12 to a day high of A$80.58. The price has been going up and down for this period, and there has been a 1.3% gain 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, 204 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately A$225.19 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 3.76% during the next 3 months and, with a 90% probability hold a price between A$80.88 and A$84.31 at the end of this 3-month period.
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VLC.AX Signals & Forecast
Mostly positive signals in the chart today. 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$79.57 and A$79.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 4.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Vanguard MSCI Australian Large Companies 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. 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 buy signal from a double bottom formation was found on Wednesday, May 01, 2024 with a target of A$78.19. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved A$0.460 between high and low, or 0.574%. For the last week the ETF has had daily average volatility of 0.605%.
Our recommended stop-loss: A$76.66 (-4.82%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (VLC.AX) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Vanguard MSCI Australian Large Companies Index ETF to open at A$80.41, and during the day (based on 14 day Average True Range), to move between A$79.85 and A$81.23, which gives a possible trading interval of +/-A$0.686 (+/-0.85%) 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 1.70% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ A$79.73, some A$0.81 (1.01%) from the current price of A$80.54, our system finds the risk reward attractive.
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: 3.373 Buy Candidate Unchanged
Predicted Opening Price for Vanguard MSCI Australian Large Companies Index ETF of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| A$80.41 ( 0.157%) | A$80.54 |
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 | 80.87 | 0.414% |
| R2 | 80.70 | 0.196% |
| R1 | 80.59 | 0.0609% |
| Price | 80.54 | |
| S1 | 80.24 | -0.375% |
| S2 | 80.13 | -0.510% |
| S3 | 79.95 | -0.728% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 80.54 | |
| S1 | 79.73 | -1.01% |
| S2 | 79.42 | -1.39% |
| S3 | 77.86 | -3.33% |
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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