Vanguard U.s. Total Market Index Etf ETF Forecast
Vanguard U.s. Total Market Index Etf ETF upgraded to Buy Candidate.
(Updated on Jun 24, 2024)
No changes to the price of Vanguard U.s. Total Market Index Etf ETF on the last trading day (Monday, 24th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $95.55 to a day high of $95.55. The price has risen in 5 of the last 10 days and is up by 1.7% over the past 2 weeks.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $96.22 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 5.53% during the next 3 months and, with a 90% probability hold a price between $96.06 and $101.54 at the end of this 3-month period.
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VUS.TO Signals & Forecast
The Vanguard U.s. Total Market Index 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 $95.59. On a fall, the ETF will find some support from the long-term average at approximately $93.52. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.365%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vanguard U.s. Total Market Index Etf ETF
Vanguard U.s. Total Market Index Etf finds support from accumulated volume at $93.37 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.446%
The Vanguard U.s. Total Market Index 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: $92.18 (-3.52%) (This ETF has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (VUS.TO) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Vanguard U.s. Total Market Index Etf (cad-hedged) to open at $95.55, and during the day (based on 14 day Average True Range), to move between $94.89 and $96.21, which gives a possible trading interval of +/-$0.658 (+/-0.69%) up or down from last closing price. If Vanguard U.s. Total Market Index Etf (cad-hedged) takes out the full calculated possible swing range there will be an estimated 1.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $95.68 (0.14%) than the support at $93.37 (2.28%), 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 U.s. Total Market Index Etf (cad-hedged) ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Vanguard U.s. Total Market Index Etf ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.451 Buy Candidate Upgraded
Predicted Opening Price for Vanguard U.s. Total Market Index Etf (cad-hedged) of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $95.55 ( 0%) | $95.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VUS.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 95.55 | - |
| R2 | 95.55 | - |
| R1 | 95.55 | - |
| Price | 95.55 | |
| S1 | 95.55 | - |
| S2 | 95.55 | - |
| S3 | 95.55 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 95.90 | 0.366% |
| R2 | 95.72 | 0.178% |
| R1 | 95.68 | 0.136% |
| Price | 95.55 | |
| S1 | 93.37 | -2.28% |
| S2 | 90.97 | -4.79% |
| S3 | 87.43 | -8.50% |
FAQ
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