Vanguard Utilities Index Fund Shares ETF Forecast
Vanguard Utilities Index Fund Shares ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 10, 2024)
The Vanguard Utilities Index Fund Shares ETF price fell by -0.194% on the last day (Friday, 10th May 2024) from $154.89 to $154.59. During the last trading day the ETF fluctuated 0.98% from a day low at $154.28 to a day high of $155.79. The price has risen in 8 of the last 10 days and is up by 7.71% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -53 thousand shares and in total, 195 thousand shares were bought and sold for approximately $30.13 million.
The ETF lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $155.17 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 12.77% during the next 3 months and, with a 90% probability hold a price between $159.17 and $174.99 at the end of this 3-month period.
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VPU Signals & Forecast
The Vanguard Utilities Index Fund Shares 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 $151.24 and $143.53. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.194%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Vanguard Utilities Index Fund Shares ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $141.78 and $133.81. 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 Utilities Index Fund Shares finds support just below today's level at $141.78. If this is broken, then the next support from accumulated volume will be at $133.81 and $129.79.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $1.51 between high and low, or 0.98%. For the last week, the ETF has had daily average volatility of 1.18%.
The Vanguard Utilities Index Fund Shares ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: $149.34 (-3.39%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (VPU) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Vanguard Utilities Index Fund ETF Shares to open at $154.89, and during the day (based on 14 day Average True Range), to move between $152.49 and $156.69, which gives a possible trading interval of +/-$2.10 (+/-1.36%) up or down from last closing price. If Vanguard Utilities Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 2.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $154.89 (0.19%) than the support at $141.78 (8.29%), 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 Utilities Index Fund ETF Shares 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 Utilities Index Fund Shares 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: 1.698 Buy Candidate Upgraded
Predicted Opening Price for Vanguard Utilities Index Fund ETF Shares of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
$154.89 ( 0.192%) | $154.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VPU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 156.40 | 1.17 % | |
R2 | 155.82 | 0.796 % | ||
R1 | 155.46 | 0.565 % | ||
Current price: | 154.59 | |||
Support | S1 | 154.31 | -0.181 % | |
S2 | 153.95 | -0.412 % | ||
S3 | 153.38 | -0.785 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 154.89 | 0.194 % | ||
Current price | 154.59 | |||
Support | S1 | 141.78 | -8.29% | |
S2 | 133.81 | -13.44% | ||
S3 | 129.79 | -16.04% |
VPU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 05, 2024 | Mar 22, 2024 | Mar 27, 2024 | $1.10 | 0.775% |
2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $1.31 | 0.95% |
3 | Mar 16, 2023 | Sep 28, 2023 | Oct 03, 2023 | $1.21 | 0.99% |
4 | Mar 16, 2023 | Jun 29, 2023 | Jul 05, 2023 | $1.11 | 0.769% |
5 | Mar 16, 2023 | Mar 24, 2023 | Mar 29, 2023 | $1.14 | 0.785% |
FAQ
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