Vanguard Ftse North America Ucits Etf ETF Forecast
Vanguard Ftse North America Ucits Etf ETF price up 0.244% on Wednesday
(Updated on Jun 26, 2024)
The Vanguard Ftse North America Ucits Etf ETF price gained 0.244% on the last trading day (Wednesday, 26th Jun 2024), rising from 123.18€ to 123.48€. During the last trading day the ETF fluctuated 0.421% from a day low at 123.38€ to a day high of 123.90€. The price has risen in 7 of the last 10 days and is up by 1.71% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately 840.28€ thousand.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 124.13€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 6.28% during the next 3 months and, with a 90% probability hold a price between 126.10€ and 131.93€ at the end of this 3-month period.
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VNRT.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 123.35€ and 119.85€. 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). Vanguard Ftse North America Ucits Etf 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. 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 -0.146%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Vanguard Ftse North America Ucits Etf ETF
Vanguard Ftse North America Ucits Etf finds support from accumulated volume at 123.42€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.520€ (0.421%) between high and low. For the last week, the ETF has had daily average volatility of 0.377%.
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: 119.55€ (-3.19%) (This ETF has low daily movements and this gives low risk. The RSI14 is 91 and this increases the risk substantially. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (VNRT.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 123.59€, and during the day (based on 14 day Average True Range), to move between 122.76€ and 124.20€, which gives a possible trading interval of +/-0.721€ (+/-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 1.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 123.42€ (0.05%) than the resistance at 123.66€ (0.15%), 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 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: 1.318 Buy Candidate Unchanged
Predicted Opening Price for Vanguard Ftse North America Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 123.59€ ( 0.0864%) | 123.48€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNRT.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 124.11 | 0.508% |
| R2 | 123.91 | 0.347% |
| R1 | 123.79 | 0.247% |
| Price | 123.48 | |
| S1 | 123.39 | -0.0745% |
| S2 | 123.27 | -0.174% |
| S3 | 123.07 | -0.335% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 123.66 | 0.146% |
| Price | 123.48 | |
| S1 | 123.42 | -0.0486% |
| S2 | 116.92 | -5.31% |
| S3 | 116.52 | -5.64% |
FAQ
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