Vanguard Funds Public Ltd Co - Vanguard ETF Forecast
Vanguard Funds Public Ltd Co - Vanguard ETF upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Vanguard Funds Public Ltd Co - Vanguard ETF price gained 0.275% on the last trading day (Tuesday, 25th Jun 2024), rising from £131.04 to £131.40. During the last trading day the ETF fluctuated 0.427% from a day low at £131.14 to a day high of £131.70. The price has risen in 6 of the last 10 days and is up by 1.08% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 59 thousand shares were bought and sold for approximately £7.69 million.
The ETF lies in the upper part of a narrow and 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 £132.11 will firstly indicate a stronger rate of rising. 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 £133.65 and £139.31 at the end of this 3-month period.
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VWRA.L Signals & Forecast
The Vanguard Funds Public Ltd Co - Vanguard 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 £131.18 and £129.30. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, June 20, 2024, and so far it has fallen -0.364%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Vanguard Funds Public Ltd Co - Vanguard ETF
Vanguard Funds Public Ltd Co - Vanguard finds support from accumulated volume at £130.54 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 £0.560 between high and low, or 0.427%. For the last week the ETF has had daily average volatility of 0.85%.
Our recommended stop-loss: £126.25 (-3.92%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (VWRA.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Vanguard Funds Public Limited Company - Vanguard FTSE All-World UCITS ETF to open at £131.41, and during the day (based on 14 day Average True Range), to move between £129.94 and £132.86, which gives a possible trading interval of +/-£1.46 (+/-1.11%) up or down from last closing price. If Vanguard Funds Public Limited Company - Vanguard FTSE All-World UCITS ETF takes out the full calculated possible swing range there will be an estimated 2.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £131.44 (0.03%) than the support at £130.54 (0.65%), 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 Funds Public Limited Company - Vanguard FTSE All-World UCITS ETF 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 Funds Public Ltd Co - Vanguard 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: 2.437 Buy Candidate Upgraded
Predicted Opening Price for Vanguard Funds Public Limited Company - Vanguard FTSE All-World UCITS ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £131.41 ( 0.0101%) | £131.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VWRA.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 131.97 | 0.436% |
| R2 | 131.76 | 0.274% |
| R1 | 131.63 | 0.173% |
| Price | 131.40 | |
| S1 | 131.20 | -0.153% |
| S2 | 131.07 | -0.253% |
| S3 | 130.85 | -0.416% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 131.88 | 0.365% |
| R2 | 131.68 | 0.213% |
| R1 | 131.44 | 0.0304% |
| Price | 131.40 | |
| S1 | 130.54 | -0.654% |
| S2 | 122.82 | -6.53% |
| S3 | 122.70 | -6.62% |
FAQ
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