Vanguard Emerging Markets Government ETF Forecast
Vanguard Emerging Markets Government ETF price ended at $62.09 on Wednesday, after losing 0.161%.
(Updated on May 01, 2024)
The Vanguard Emerging Markets Government ETF price fell by -0.161% on the last day (Wednesday, 1st May 2024) from $62.19 to $62.09. During the last trading day the ETF fluctuated 1.27% from a day low at $61.64 to a day high of $62.43. The price has been going up and down for this period, and there has been a -0.14% loss for the last 2 weeks. Volume has increased on the last day by 34 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, 313 thousand shares were bought and sold for approximately $19.45 million.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $61.71 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Vanguard Emerging Markets Government ETF with a 90% probability to be traded between $61.80 and $64.27 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VWOB Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.648%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vanguard Emerging Markets Government 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 $62.38 and $63.00. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Vanguard Emerging Markets Government ETF
Vanguard Emerging Markets Government finds support from accumulated volume at $61.91 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 $0.784 between high and low, or 1.27%. For the last week the ETF has had daily average volatility of 0.667%.
Our recommended stop-loss: $58.95 (-5.06%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (VWOB) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Vanguard Emerging Markets Government Bond ETF to open at $62.05, and during the day (based on 14 day Average True Range), to move between $61.61 and $62.57, which gives a possible trading interval of +/-$0.480 (+/-0.77%) up or down from last closing price. If Vanguard Emerging Markets Government Bond ETF takes out the full calculated possible swing range there will be an estimated 1.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $61.91 (0.29%) than the resistance at $63.44 (2.17%), 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 Emerging Markets Government Bond ETF ETF A Buy?
Vanguard Emerging Markets Government 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.
Current score: -0.046 Hold/Accumulate Unchanged
Predicted Opening Price for Vanguard Emerging Markets Government Bond ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $62.05 ( 0.0611%) | $62.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VWOB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.84 | 1.20 % | |
| R2 | 62.54 | 0.719 % | ||
| R1 | 62.35 | 0.421 % | ||
| Current price: | 62.09 | |||
| Support | S1 | 61.75 | -0.544 % | |
| S2 | 61.57 | -0.84 % | ||
| S3 | 61.27 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.56 | 2.37 % | |
| R2 | 63.48 | 2.24 % | ||
| R1 | 63.44 | 2.17 % | ||
| Current price | 62.09 | |||
| Support | S1 | 61.91 | -0.290% | |
| S2 | 61.82 | -0.435% | ||
| S3 | 61.69 | -0.644% |
VWOB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.316 | 0.497% |
| 2 | Feb 28, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.316 | 0.500% |
| 3 | Jan 30, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.276 | 0.440% |
| 4 | Dec 20, 2023 | Dec 22, 2023 | Dec 28, 2023 | $0.304 | 0.475% |
| 5 | Nov 29, 2023 | Dec 01, 2023 | Dec 06, 2023 | $0.281 | 0.452% |
FAQ
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