Vanguard Ftse North America Ucits Etf ETF Forecast

Green day on Wednesday for Vanguard Ftse North America Ucits Etf ETF after gaining 0.225%
(Updated on Jun 26, 2024)

VNRA.F Signals & Forecast

The Vanguard Ftse North America Ucits Etf 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 124.74€ and 120.98€. 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 Thursday, June 20, 2024, and so far it has fallen -0.128%. 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 also not.

Support, Risk & Stop-loss for Vanguard Ftse North America Ucits Etf ETF

Vanguard Ftse North America Ucits Etf finds support from accumulated volume at 123.66€ 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 controlled movements and therefore the general risk is considered 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 0.380€ between high and low, or 0.304%. For the last week the ETF has had daily average volatility of 0.370%.

The Vanguard Ftse North America Ucits Etf ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: 121.48€ (-2.72%) (This ETF has low daily movements and this gives low risk. The RSI14 is 92 and this increases the risk substantially. There is a sell signal from a pivot top found 43 days ago.)

Trading Expectations (VNRA.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Vanguard Ftse North America Ucits Etf to open at 124.99€, and during the day (based on 14 day Average True Range), to move between 124.16€ and 125.60€, which gives a possible trading interval of +/-0.723€ (+/-0.58%) up or down from last closing price. If Vanguard Ftse North America Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 125.04€ (0.13%) than the support at 123.66€ (0.98%), 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 North America Ucits 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 Ftse North America Ucits Etf ETF to perform well in the short-term.

Current score: 1.321 Buy Candidate Unchanged

Predicted Opening Price for Vanguard Ftse North America Ucits Etf of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.