Vanguard Russell 1000 Value ETF Forecast
Stronger technical forecast for Vanguard Russell 1000 Value ETF price after Thursday trading.
(Updated on May 02, 2024)
The Vanguard Russell 1000 Value ETF price gained 0.652% on the last trading day (Thursday, 2nd May 2024), rising from $75.11 to $75.60. During the last trading day the ETF fluctuated 1.07% from a day low at $74.94 to a day high of $75.74. The price has been going up and down for this period, and there has been a 1.59% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 340 thousand shares were bought and sold for approximately $25.67 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $74.85 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 3.52% during the next 3 months and, with a 90% probability hold a price between $77.48 and $82.51 at the end of this 3-month period.
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VONV Signals & Forecast
There are mixed signals in the ETF today. The Vanguard Russell 1000 Value ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $75.80 and $76.51. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.67%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Vanguard Russell 1000 Value ETF
Vanguard Russell 1000 Value finds support from accumulated volume at $75.29 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.800 between high and low, or 1.07%. For the last week the ETF has had daily average volatility of 0.94%.
Our recommended stop-loss: $71.31 (-5.68%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (VONV) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Vanguard Russell 1000 Value ETF to open at $75.43, and during the day (based on 14 day Average True Range), to move between $74.82 and $76.38, which gives a possible trading interval of +/-$0.782 (+/-1.03%) up or down from last closing price. If Vanguard Russell 1000 Value ETF takes out the full calculated possible swing range there will be an estimated 2.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $75.81 (0.28%) than the support at $75.29 (0.41%), 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 Russell 1000 Value 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 Russell 1000 Value ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.669 Buy Candidate Upgraded
Predicted Opening Price for Vanguard Russell 1000 Value ETF of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$75.43 ( 0.229%) | $75.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VONV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 76.23 | 0.83 % | |
R2 | 75.92 | 0.425 % | ||
R1 | 75.73 | 0.175 % | ||
Current price: | 75.60 | |||
Support | S1 | 75.12 | -0.634 % | |
S2 | 74.93 | -0.88 % | ||
S3 | 74.63 | -1.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 77.22 | 2.14 % | |
R2 | 76.72 | 1.48 % | ||
R1 | 75.81 | 0.278 % | ||
Current price | 75.60 | |||
Support | S1 | 75.29 | -0.410% | |
S2 | 74.90 | -0.93% | ||
S3 | 72.63 | -3.93% |
VONV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 26, 2024 | $0.335 | 0.434% |
2 | Dec 15, 2023 | Dec 19, 2023 | Dec 22, 2023 | $0.462 | 0.641% |
3 | Sep 19, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.388 | 0.583% |
4 | Jun 21, 2023 | Jun 23, 2023 | Jun 28, 2023 | $0.348 | 0.511% |
5 | Mar 21, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.321 | 0.495% |
FAQ
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