Vanguard Funds Public Ltd Co - Vanguard ETF Forecast
Vanguard Funds Public Ltd Co - Vanguard ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Vanguard Funds Public Ltd Co - Vanguard ETF price fell by -0.777% on the last day (Friday, 28th Jun 2024) from £41.20 to £40.88. During the last trading day the ETF fluctuated 1.02% from a day low at £40.88 to a day high of £41.29. The price has fallen in 5 of the last 10 days but is still up by 0.28% over the past 2 weeks. Volume has increased on the last day by 24 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 24 thousand shares were bought and sold for approximately £971.27 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £40.61 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 5.45% during the next 3 months and, with a 90% probability hold a price between £42.82 and £45.44 at the end of this 3-month period.
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VUKG.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vanguard Funds Public Ltd Co - Vanguard 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 £41.17 and £41.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -2.76%. Further fall is indicated until a new bottom pivot has been found. Vanguard Funds Public Ltd Co - Vanguard gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Vanguard Funds Public Ltd Co - Vanguard ETF
Vanguard Funds Public Ltd Co - Vanguard finds support from accumulated volume at £40.77 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 £0.415 between high and low, or 1.02%. For the last week the ETF has had daily average volatility of 0.87%.
Our recommended stop-loss: £38.93 (-4.78%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (VUKG.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Vanguard Funds Public Limited Company - Vanguard Ftse 100 Ucits Etf to open at £41.02, and during the day (based on 14 day Average True Range), to move between £40.48 and £41.28, which gives a possible trading interval of +/-£0.403 (+/-0.99%) up or down from last closing price. If Vanguard Funds Public Limited Company - Vanguard Ftse 100 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £40.77 (0.28%) than the resistance at £41.24 (0.87%), 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 Funds Public Limited Company - Vanguard Ftse 100 Ucits Etf ETF A Buy?
Vanguard Funds Public Ltd Co - Vanguard 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Funds Public Limited Company - Vanguard Ftse 100 Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £41.02 ( 0.330%) | £40.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VUKG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.43 | 1.35% |
| R2 | 41.27 | 0.96% |
| R1 | 41.17 | 0.718% |
| Price | 40.88 | |
| S1 | 40.86 | -0.0576% |
| S2 | 40.76 | -0.297% |
| S3 | 40.60 | -0.685% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.04 | 2.84% |
| R2 | 41.84 | 2.35% |
| R1 | 41.24 | 0.87% |
| Price | 40.88 | |
| S1 | 40.77 | -0.281% |
| S2 | 39.33 | -3.79% |
| S3 | 38.76 | -5.19% |
FAQ
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