Vanguard Mid-Cap Index Fund ETF Forecast

Vanguard Mid-Cap Index Fund ETF price up 0.238% on Friday
(Updated on Apr 26, 2024)

VO Signals & Forecast

There are mixed signals in the ETF today. The Vanguard Mid-Cap Index Fund 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 $243.08. On a fall, the ETF will find some support from the short-term average at $237.94. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.30%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

Support, Risk & Stop-loss for Vanguard Mid-Cap Index Fund ETF

Vanguard Mid-Cap Index Fund finds support from accumulated volume at $237.15 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 $1.58 (0.659%) between high and low. For the last week, the ETF has had daily average volatility of 1.16%.

Our recommended stop-loss: $227.96 (-5.17%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (VO) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Vanguard Mid-Cap Index Fund ETF to open at $240.43, and during the day (based on 14 day Average True Range), to move between $237.57 and $243.21, which gives a possible trading interval of +/-$2.82 (+/-1.17%) up or down from last closing price. If Vanguard Mid-Cap Index Fund ETF takes out the full calculated possible swing range there will be an estimated 2.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $237.15 (1.35%) than the resistance at $245.24 (2.02%), 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 Mid-Cap Index Fund ETF ETF A Buy?

Vanguard Mid-Cap Index Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.196 Hold/Accumulate Unchanged

Predicted Opening Price for Vanguard Mid-Cap Index Fund ETF of Monday, April 29, 2024

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