Vanguard Value Index Fund Shares ETF Forecast
Vanguard Value Index Fund Shares ETF upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The Vanguard Value Index Fund Shares ETF price gained 0.376% on the last trading day (Tuesday, 2nd Jul 2024), rising from $159.75 to $160.35. During the last trading day the ETF fluctuated 0.552% from a day low at $159.47 to a day high of $160.35. The price has been going up and down for this period, and there has been a -0.68% loss for the last 2 weeks. Volume fell on the last day by -770 thousand shares and in total, 1 million shares were bought and sold for approximately $235.91 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 narrow and weak 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 2.45% during the next 3 months and, with a 90% probability hold a price between $161.76 and $169.62 at the end of this 3-month period.
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VTV Signals & Forecast
The Vanguard Value Index Fund Shares 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 $160.89 and $161.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.60%. Further fall is indicated until a new bottom pivot has been found. Some positive signals were issued as well, and these may have some influence on the near short-term development. 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.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -1.51% to $157.92 within 24 trading days since signal was issued (Monday, July 29, 2024).
Support, Risk & Stop-loss for Vanguard Value Index Fund Shares ETF
Vanguard Value Index Fund Shares finds support from accumulated volume at $158.77 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 $0.88 between high and low, or 0.552%. For the last week the ETF has had daily average volatility of 0.755%.
Our recommended stop-loss: $154.65 (-3.56%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (VTV) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Vanguard Value Index Fund ETF Shares to open at $160.06, and during the day (based on 14 day Average True Range), to move between $158.90 and $161.80, which gives a possible trading interval of +/-$1.45 (+/-0.90%) up or down from last closing price. If Vanguard Value Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 1.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $160.61 (0.16%) than the support at $158.77 (0.99%), 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 Value Index Fund ETF Shares ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.084 Buy Candidate Upgraded
Predicted Opening Price for Vanguard Value Index Fund ETF Shares of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $160.06 ( 0.183%) | $160.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 160.94 | 0.366% |
| R2 | 160.60 | 0.156% |
| R1 | 160.39 | 0.0267% |
| Price | 160.35 | |
| S1 | 159.72 | -0.393% |
| S2 | 159.51 | -0.522% |
| S3 | 159.18 | -0.732% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 162.95 | 1.62% |
| R2 | 161.21 | 0.536% |
| R1 | 160.61 | 0.162% |
| Price | 160.35 | |
| S1 | 158.77 | -0.99% |
| S2 | 158.13 | -1.38% |
| S3 | 157.07 | -2.05% |
VTV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 26, 2024 | $1.01 | 0.629% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $1.03 | 0.697% |
| 3 | Mar 17, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.90 | 0.648% |
| 4 | Mar 17, 2023 | Jun 23, 2023 | Jun 28, 2023 | $0.92 | 0.659% |
| 5 | Mar 17, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.82 | 0.611% |
FAQ
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