Vanguard S&p 500 Ucits Etf ETF Forecast

Vanguard S&p 500 Ucits Etf ETF downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)

VUAA.F Signals & Forecast

There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.466%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The Vanguard S&p 500 Ucits Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 96.59€. On a fall, the ETF will find some support from the long-term average at approximately 93.37€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Vanguard S&p 500 Ucits Etf ETF

On the downside, the ETF finds support just below today's level from accumulated volume at 91.02€ and 89.99€. 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 S&p 500 Ucits Etf finds support just below today's level at 91.02€. If this is broken, then the next support from accumulated volume will be at 89.99€ and 89.67€.

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 0.626€ (0.652%) between high and low. For the last week, the ETF has had daily average volatility of 0.488%.

The Vanguard S&p 500 Ucits Etf 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: 94.21€ (-2.41%) (This ETF has low daily movements and this gives low risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from a pivot top found 42 days ago.)

Trading Expectations (VUAA.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Vanguard S&p 500 Ucits Etf to open at 96.42€, and during the day (based on 14 day Average True Range), to move between 95.87€ and 97.18€, which gives a possible trading interval of +/-0.654€ (+/-0.68%) up or down from last closing price. If Vanguard S&p 500 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 96.69€ (0.17%) than the support at 91.02€ (5.71%), 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 S&p 500 Ucits Etf ETF A Buy?

Vanguard S&p 500 Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.426 Hold/Accumulate Downgraded

Predicted Opening Price for Vanguard S&p 500 Ucits Etf of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.