Vanguard Ftse 250 Ucits Etf ETF Forecast
Vanguard Ftse 250 Ucits Etf ETF price ended at 37.24€ on Thursday, after gaining 0.526%.
(Updated on Jun 20, 2024)
The Vanguard Ftse 250 Ucits Etf ETF price gained 0.526% on the last trading day (Thursday, 20th Jun 2024), rising from 37.05€ to 37.24€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.256% from a day low at 37.15€ to a day high of 37.24€. The price has been going up and down for this period, and there has been a -1.73% loss for the last 2 weeks. Volume fell on the last day by -620 shares and in total, 1 thousand shares were bought and sold for approximately 47.26€ 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 ETF lies in the middle of a 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 7.76% during the next 3 months and, with a 90% probability hold a price between 39.64€ and 41.83€ at the end of this 3-month period.
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VMID.F Signals & Forecast
There are few to no technical positive signals at the moment. The Vanguard Ftse 250 Ucits Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 37.46€. On a fall, the ETF will find some support from the short-term average at 37.05€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -2.60%. 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). 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.
Support, Risk & Stop-loss for Vanguard Ftse 250 Ucits Etf ETF
Vanguard Ftse 250 Ucits Etf finds support from accumulated volume at 36.72€ 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 0.0950€ between high and low, or 0.256%. For the last week the ETF has had daily average volatility of 0.618%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VMID.F) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Vanguard Ftse 250 Ucits Etf to open at 37.21€, and during the day (based on 14 day Average True Range), to move between 36.92€ and 37.56€, which gives a possible trading interval of +/-0.315€ (+/-0.85%) up or down from last closing price. If Vanguard Ftse 250 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 37.60€ (0.97%) than the support at 36.72€ (1.40%), 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 250 Ucits Etf ETF A Buy?
The Vanguard Ftse 250 Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Vanguard Ftse 250 Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.236 Sell Candidate Unchanged
Predicted Opening Price for Vanguard Ftse 250 Ucits Etf of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| 37.21€ ( 0.0850%) | 37.24€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VMID.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.30 | 0.170% |
| R2 | 37.27 | 0.0726% |
| R1 | 37.24 | 0.0124% |
| Price | 37.24 | |
| S1 | 37.17 | -0.182% |
| S2 | 37.15 | -0.243% |
| S3 | 37.11 | -0.340% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.08 | 2.24% |
| R2 | 37.83 | 1.58% |
| R1 | 37.60 | 0.97% |
| Price | 37.24 | |
| S1 | 36.72 | -1.40% |
| S2 | 36.65 | -1.58% |
| S3 | 35.31 | -5.18% |
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