Vanguard Russell 1000 Growth ETF Forecast
Green day on Tuesday for Vanguard Russell 1000 Growth
(Updated on Jul 02, 2024)
The Vanguard Russell 1000 Growth ETF price gained 0.82% on the last trading day (Tuesday, 2nd Jul 2024), rising from $94.67 to $95.45. During the last trading day the ETF fluctuated 1.33% from a day low at $94.20 to a day high of $95.45. The price has risen in 6 of the last 10 days and is up by 1.04% over the past 2 weeks. Volume fell on the last day by -128 thousand shares and in total, 813 thousand shares were bought and sold for approximately $77.57 million. 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 strong 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 13.64% during the next 3 months and, with a 90% probability hold a price between $103.26 and $111.26 at the end of this 3-month period.
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VONG Signals & Forecast
The Vanguard Russell 1000 Growth 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 $94.21 and $90.95. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 17.29%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Vanguard Russell 1000 Growth ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $90.38 and $89.03. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Vanguard Russell 1000 Growth finds support just below today's level at $90.38. If this is broken, then the next support from accumulated volume will be at $89.03 and $88.59.
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 $1.25 (1.33%) between high and low. For the last week, the ETF has had daily average volatility of 1.17%.
Our recommended stop-loss: $92.53 (-3.06%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 69 days ago.)
Trading Expectations (VONG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Vanguard Russell 1000 Growth ETF to open at $95.03, and during the day (based on 14 day Average True Range), to move between $94.38 and $96.52, which gives a possible trading interval of +/-$1.07 (+/-1.12%) up or down from last closing price. If Vanguard Russell 1000 Growth ETF takes out the full calculated possible swing range there will be an estimated 2.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $90.38, some $5.07 (5.31%) from the current price of $95.45, our system finds the risk reward attractive.
Is Vanguard Russell 1000 Growth ETF ETF A Buy?
Vanguard Russell 1000 Growth holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.790 Strong Buy Candidate Unchanged
Predicted Opening Price for Vanguard Russell 1000 Growth ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $95.03 ( 0.437%) | $95.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VONG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 96.28 | 0.87% |
| R2 | 95.81 | 0.373% |
| R1 | 95.51 | 0.0637% |
| Price | 95.45 | |
| S1 | 94.56 | -0.94% |
| S2 | 94.26 | -1.25% |
| S3 | 93.78 | -1.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 95.45 | |
| S1 | 90.38 | -5.31% |
| S2 | 89.03 | -6.73% |
| S3 | 88.59 | -7.19% |
VONG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 26, 2024 | $0.155 | 0.179% |
| 2 | Dec 15, 2023 | Dec 19, 2023 | Dec 22, 2023 | $0.165 | 0.212% |
| 3 | Sep 19, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.128 | 0.189% |
| 4 | Jun 21, 2023 | Jun 23, 2023 | Jun 28, 2023 | $0.130 | 0.187% |
| 5 | Mar 21, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.128 | 0.212% |
FAQ
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