Vanguard Russell 2000 Growth ETF Forecast
Green day on Monday for Vanguard Russell 2000 Growth
(Updated on May 06, 2024)
The Vanguard Russell 2000 Growth ETF price gained 1.62% on the last trading day (Monday, 6th May 2024), rising from $186.82 to $189.84. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.764% from a day low at $188.65 to a day high of $190.09. The price has risen in 6 of the last 10 days and is up by 5.3% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 34 thousand shares were bought and sold for approximately $6.40 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.55% during the next 3 months and, with a 90% probability hold a price between $172.98 and $189.94 at the end of this 3-month period.
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VTWG Signals & Forecast
Mostly positive signals in the chart today. The Vanguard Russell 2000 Growth 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 $185.04 and $188.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.39%. 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 Russell 2000 Growth ETF
Vanguard Russell 2000 Growth finds support from accumulated volume at $188.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.44 (0.764%) between high and low. For the last week, the ETF has had daily average volatility of 1.66%.
Our recommended stop-loss: $182.08 (-4.09%) (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 (VTWG) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Vanguard Russell 2000 Growth ETF to open at $189.52, and during the day (based on 14 day Average True Range), to move between $186.48 and $193.20, which gives a possible trading interval of +/-$3.36 (+/-1.77%) up or down from last closing price. If Vanguard Russell 2000 Growth ETF takes out the full calculated possible swing range there will be an estimated 3.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $188.35 (0.78%) than the resistance at $191.66 (0.96%), 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 Russell 2000 Growth ETF ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
Current score: 2.104 Buy Candidate Unchanged
Predicted Opening Price for Vanguard Russell 2000 Growth ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $189.52 ( 0.167%) | $189.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTWG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 190.97 | 0.593 % | |
| R2 | 190.41 | 0.303 % | ||
| R1 | 190.07 | 0.123 % | ||
| Current price: | 189.84 | |||
| Support | S1 | 188.97 | -0.457 % | |
| S2 | 188.63 | -0.636 % | ||
| S3 | 188.08 | -0.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 195.65 | 3.06 % | |
| R2 | 191.85 | 1.06 % | ||
| R1 | 191.66 | 0.96 % | ||
| Current price | 189.84 | |||
| Support | S1 | 188.35 | -0.785% | |
| S2 | 182.60 | -3.81% | ||
| S3 | 181.54 | -4.37% |
VTWG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 26, 2024 | $0.266 | 0.137% |
| 2 | Dec 15, 2023 | Dec 19, 2023 | Dec 22, 2023 | $0.480 | 0.261% |
| 3 | Sep 19, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.376 | 0.234% |
| 4 | Jun 21, 2023 | Jun 23, 2023 | Jun 28, 2023 | $0.273 | 0.158% |
| 5 | Mar 21, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.329 | 0.206% |
FAQ
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