Vanguard S&P 500 Value Index Fund ETF Forecast

Green day on Thursday for Vanguard S&P 500 Value Index Fund ETF after gaining 0.97%
(Updated on May 09, 2024)

VOOV Signals & Forecast

Mostly positive signals in the chart today. The Vanguard S&P 500 Value Index Fund ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $175.03 and $175.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.04%. 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 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 S&P 500 Value Index Fund ETF

Vanguard S&P 500 Value Index Fund finds support from accumulated volume at $177.25 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 $1.61 between high and low, or 0.91%. For the last week the ETF has had daily average volatility of 0.553%.

Since the Vanguard S&P 500 Value Index Fund has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $169.18 (-4.82%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (VOOV) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Vanguard S&P 500 Value Index Fund ETF Shares to open at $177.21, and during the day (based on 14 day Average True Range), to move between $176.26 and $179.22, which gives a possible trading interval of +/-$1.48 (+/-0.83%) up or down from last closing price. If Vanguard S&P 500 Value Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 1.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $177.25 (0.28%) than the resistance at $178.41 (0.38%), 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 S&P 500 Value Index Fund ETF Shares ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Vanguard S&P 500 Value Index Fund ETF to perform well in the short-term period.

Current score: 2.008 Buy Candidate Unchanged

Predicted Opening Price for Vanguard S&P 500 Value Index Fund ETF Shares of Friday, May 10, 2024

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