anguard Communication Services Index ETF Forecast
Weaker technical forecast for anguard Communication Services Index as ETF downgraded to Hold/Accumulate.
(Updated on May 01, 2024)
The anguard Communication Services Index ETF price gained 1.33% on the last trading day (Wednesday, 1st May 2024), rising from $126.00 to $127.68. During the last trading day the ETF fluctuated 2.59% from a day low at $126.36 to a day high of $129.63. The price has risen in 6 of the last 10 days but is still down by -0.33% for this period. Volume fell on the last day by -55 thousand shares and in total, 195 thousand shares were bought and sold for approximately $24.96 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect anguard Communication Services Index ETF with a 90% probability to be traded between $128.16 and $136.27 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VOX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.74%. 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. The anguard Communication Services Index 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 $128.02 and $129.99. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for anguard Communication Services Index ETF
anguard Communication Services Index finds support from accumulated volume at $126.96 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 $3.27 between high and low, or 2.59%. For the last week the ETF has had daily average volatility of 1.77%.
Our recommended stop-loss: $121.09 (-5.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (VOX) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect anguard Communication Services Index Fund ETF Shares to open at $127.89, and during the day (based on 14 day Average True Range), to move between $125.28 and $130.08, which gives a possible trading interval of +/-$2.40 (+/-1.88%) up or down from last closing price. If anguard Communication Services Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $127.78 (0.08%) than the support at $126.96 (0.56%), 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 anguard Communication Services Index Fund ETF Shares ETF A Buy?
anguard Communication Services Index holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.619 Hold/Accumulate Downgraded
Predicted Opening Price for anguard Communication Services Index Fund ETF Shares of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$127.89 ( 0.164%) | $127.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 131.16 | 2.73 % | |
R2 | 129.91 | 1.75 % | ||
R1 | 129.14 | 1.14 % | ||
Current price: | 127.68 | |||
Support | S1 | 126.64 | -0.82 % | |
S2 | 125.87 | -1.42 % | ||
S3 | 124.62 | -2.40 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 129.93 | 1.76 % | |
R2 | 127.91 | 0.180 % | ||
R1 | 127.78 | 0.0783 % | ||
Current price | 127.68 | |||
Support | S1 | 126.96 | -0.564% | |
S2 | 126.00 | -1.32% | ||
S3 | 125.50 | -1.71% |
VOX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 05, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.322 | 0.245% |
2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.289 | 0.247% |
3 | Mar 15, 2023 | Sep 28, 2023 | Oct 03, 2023 | $0.348 | 0.333% |
4 | Mar 15, 2023 | Jun 29, 2023 | Jul 05, 2023 | $0.277 | 0.258% |
5 | Mar 15, 2023 | Mar 24, 2023 | Mar 29, 2023 | $0.303 | 0.321% |
FAQ
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