Vanguard FTSE 100 UCITS ETF Forecast
Weaker technical forecast for Vanguard FTSE 100 UCITS as ETF downgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)
The Vanguard FTSE 100 UCITS ETF price gained 0.0578% on the last trading day (Wednesday, 27th Mar 2024), rising from £34.61 to £34.63. During the last trading day the ETF fluctuated 0.587% from a day low at £34.43 to a day high of £34.64. The price has risen in 6 of the last 10 days and is up by 1.58% over the past 2 weeks. Volume fell on the last day by -500 thousand shares and in total, 387 thousand shares were bought and sold for approximately £13.39 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 has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at £34.04, a level that may pose a second chance to hit a runner. According to fan-theory £34.88 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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VUKE.L Signals & Forecast
The Vanguard FTSE 100 UCITS 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 £34.31 and £33.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 6.07%. 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. The ETF had a Golden Star Signal on Thursday, February 15, 2024 in the short-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
The ETF had a Golden Star Signal on Thursday, February 15, 2024 in the short-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.
Support, Risk & Stop-loss for Vanguard FTSE 100 UCITS ETF
Vanguard FTSE 100 UCITS finds support from accumulated volume at £34.61 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 £0.202 between high and low, or 0.587%. For the last week the ETF has had daily average volatility of 0.82%.
The Vanguard FTSE 100 UCITS ETF is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: £33.36 (-3.65%) (This ETF has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (VUKE.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Vanguard FTSE 100 UCITS ETF to open at £34.56, and during the day (based on 14 day Average True Range), to move between £34.35 and £34.90, which gives a possible trading interval of +/-£0.271 (+/-0.78%) up or down from last closing price. If Vanguard FTSE 100 UCITS ETF takes out the full calculated possible swing range there will be an estimated 1.57% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £34.61, some £0.0200 (0.06%) from the current price of £34.63, our system finds the risk reward attractive.
Is Vanguard FTSE 100 UCITS ETF ETF A Buy?
Vanguard FTSE 100 UCITS 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Vanguard FTSE 100 UCITS ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£34.56 ( 0.175%) | £34.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VUKE.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 34.77 | 0.408 % | |
R2 | 34.69 | 0.185 % | ||
R1 | 34.64 | 0.0476 % | ||
Current price: | 34.63 | |||
Support | S1 | 34.49 | -0.398 % | |
S2 | 34.44 | -0.536 % | ||
S3 | 34.36 | -0.759 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 34.63 | |||
Support | S1 | 34.61 | -0.0578% | |
S2 | 34.60 | -0.0866% | ||
S3 | 34.36 | -0.780% |
VUKE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Mar 27, 2024 | £0.219 | 0.633% |
2 | Mar 14, 2024 | Mar 14, 2024 | Mar 27, 2024 | £0.219 | 0.633% |
3 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | £0.217 | 0.653% |
4 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | £0.380 | 1.14% |
5 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £0.380 | 1.14% |
FAQ
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