Vanguard High Dividend Yield Index Fund ETF Forecast

Vanguard High Dividend Yield Index Fund ETF downgraded to Hold/Accumulate
(Updated on May 10, 2024)

VYM Signals & Forecast

The Vanguard High Dividend Yield Index Fund 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 $118.23 and $117.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.50%. 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 High Dividend Yield Index Fund ETF

Vanguard High Dividend Yield Index Fund finds support from accumulated volume at $119.69 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 $0.340 between high and low, or 0.284%. For the last week the ETF has had daily average volatility of 0.533%.

Since the Vanguard High Dividend Yield Index Fund has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $114.03 (-4.87%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (VYM) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Vanguard High Dividend Yield Index Fund ETF Shares to open at $119.85, and during the day (based on 14 day Average True Range), to move between $118.83 and $120.91, which gives a possible trading interval of +/-$1.04 (+/-0.87%) up or down from last closing price. If Vanguard High Dividend Yield Index Fund ETF Shares takes out the full calculated possible swing range there will be an estimated 1.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $119.69 (0.15%) than the resistance at $120.53 (0.55%), 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 High Dividend Yield Index Fund ETF Shares ETF A Buy?

Vanguard High Dividend Yield Index Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.001 Hold/Accumulate Downgraded

Predicted Opening Price for Vanguard High Dividend Yield Index Fund ETF Shares of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.