Vanguard Russell 2000 Value ETF Forecast
Green day on Tuesday for Vanguard Russell 2000 Value ETF after gaining 0.128%
(Updated on Jun 18, 2024)
The Vanguard Russell 2000 Value ETF price gained 0.128% on the last trading day (Tuesday, 18th Jun 2024), rising from $132.64 to $132.81. During the last trading day the ETF fluctuated 0.623% from a day low at $132.34 to a day high of $133.16. The price has fallen in 6 of the last 10 days and is down by -1.18% for this period. Volume fell on the last day by -6 thousand shares and in total, 21 thousand shares were bought and sold for approximately $2.84 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 Vanguard Russell 2000 Value ETF with a 90% probability to be traded between $128.28 and $139.67 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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VTWV Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.12%. 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 Vanguard Russell 2000 Value 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 $133.14 and $135.87. 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). The ETF had a Golden Star Signal on Wednesday, June 28, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, June 28, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -8.19% to $121.94 within 33 trading days since signal was issued (Thursday, June 20, 2024).
Support, Risk & Stop-loss for Vanguard Russell 2000 Value ETF
Vanguard Russell 2000 Value finds support from accumulated volume at $132.26 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 $0.82 between high and low, or 0.623%. For the last week the ETF has had daily average volatility of 1.32%.
Our recommended stop-loss: $125.51 (-5.49%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (VTWV) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Vanguard Russell 2000 Value ETF to open at $132.77, and during the day (based on 14 day Average True Range), to move between $130.88 and $134.74, which gives a possible trading interval of +/-$1.93 (+/-1.45%) up or down from last closing price. If Vanguard Russell 2000 Value ETF takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $132.26 (0.41%) than the resistance at $133.74 (0.70%), 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 Value ETF ETF A Buy?
Vanguard Russell 2000 Value 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.
Current score: -0.573 Hold/Accumulate Unchanged
Predicted Opening Price for Vanguard Russell 2000 Value ETF of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $132.77 ( 0.0314%) | $132.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTWV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 133.59 | 0.590% |
| R2 | 133.28 | 0.353% |
| R1 | 133.08 | 0.206% |
| Price | 132.81 | |
| S1 | 132.45 | -0.269% |
| S2 | 132.26 | -0.415% |
| S3 | 131.94 | -0.653% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 139.34 | 4.92% |
| R2 | 136.31 | 2.64% |
| R1 | 133.74 | 0.700% |
| Price | 132.81 | |
| S1 | 132.26 | -0.414% |
| S2 | 132.00 | -0.610% |
| S3 | 129.62 | -2.40% |
VTWV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 26, 2024 | $0.346 | 0.255% |
| 2 | Dec 15, 2023 | Dec 19, 2023 | Dec 22, 2023 | $0.99 | 0.724% |
| 3 | Sep 19, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.794 | 0.675% |
| 4 | Jun 21, 2023 | Jun 23, 2023 | Jun 28, 2023 | $0.515 | 0.422% |
| 5 | Mar 21, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.455 | 0.387% |
FAQ
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