Vanguard Large-Cap Index Fund Shares ETF Forecast
Vanguard Large-Cap Index Fund Shares ETF upgraded to Buy Candidate.
(Updated on Jun 17, 2024)
The Vanguard Large-Cap Index Fund Shares ETF price gained 0.654% on the last trading day (Monday, 17th Jun 2024), rising from $249.26 to $250.89. It has now gained 6 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 1.24% from a day low at $248.54 to a day high of $251.63. The price has risen in 9 of the last 10 days and is up by 3.7% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 144 thousand shares were bought and sold for approximately $36.25 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.
Given the current short-term trend, the ETF is expected to rise 4.53% during the next 3 months and, with a 90% probability hold a price between $244.78 and $262.25 at the end of this 3-month period.
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VV Signals & Forecast
Mostly positive signals in the chart today. The Vanguard Large-Cap Index Fund Shares 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 $247.70 and $241.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.39%. 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.
Support, Risk & Stop-loss for Vanguard Large-Cap Index Fund Shares ETF
Vanguard Large-Cap Index Fund Shares finds support from accumulated volume at $239.76 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 $3.09 between high and low, or 1.24%. For the last week the ETF has had daily average volatility of 0.83%.
Since the Vanguard Large-Cap Index Fund Shares has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $243.36 (-3.00%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (VV) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Vanguard Large-Cap Index Fund ETF Shares to open at $250.35, and during the day (based on 14 day Average True Range), to move between $248.67 and $253.11, which gives a possible trading interval of +/-$2.22 (+/-0.89%) up or down from last closing price. If Vanguard Large-Cap Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 1.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $239.76, some $11.13 (4.44%) from the current price of $250.89, our system finds the risk reward attractive.
Is Vanguard Large-Cap Index Fund ETF Shares 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 Large-Cap Index Fund Shares 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: 3.826 Buy Candidate Upgraded
Predicted Opening Price for Vanguard Large-Cap Index Fund ETF Shares of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $250.35 ( 0.214%) | $250.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 253.44 | 1.02% |
| R2 | 252.26 | 0.547% |
| R1 | 251.53 | 0.257% |
| Price | 250.89 | |
| S1 | 249.17 | -0.684% |
| S2 | 248.44 | -0.98% |
| S3 | 247.26 | -1.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 250.89 | |
| S1 | 239.76 | -4.44% |
| S2 | 238.16 | -5.07% |
| S3 | 237.29 | -5.42% |
VV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.82 | 0.342% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.91 | 0.419% |
| 3 | Mar 17, 2023 | Sep 21, 2023 | Sep 26, 2023 | $0.724 | 0.371% |
| 4 | Mar 17, 2023 | Jun 23, 2023 | Jun 28, 2023 | $0.740 | 0.371% |
| 5 | Mar 17, 2023 | Mar 23, 2023 | Mar 28, 2023 | $0.709 | 0.393% |
FAQ
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