Vanguard Long-Term Corporate Bond ETF Forecast

Vanguard Long-Term Corporate Bond ETF downgraded to Strong Sell Candidate
(Updated on Apr 16, 2024)

VCLT Signals & Forecast

There are few to no technical positive signals at the moment. The Vanguard Long-Term Corporate Bond 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 $75.32 and $76.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -5.90%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Vanguard Long-Term Corporate Bond ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

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 $0.575 between high and low, or 0.784%. For the last week the ETF has had daily average volatility of 0.98%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VCLT) For The Upcoming Trading Day Of Wednesday 17th

For the upcoming trading day on Wednesday, 17th we expect Vanguard Long-Term Corporate Bond ETF to open at $73.69, and during the day (based on 14 day Average True Range), to move between $73.04 and $74.54, which gives a possible trading interval of +/-$0.753 (+/-1.02%) up or down from last closing price. If Vanguard Long-Term Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 2.04% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $78.35, some $4.56 (6.18%) from the current price of $73.79, our system finds the risk reward not very attractive.

Is Vanguard Long-Term Corporate Bond ETF ETF A Buy?

Vanguard Long-Term Corporate Bond holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.142 Strong Sell Candidate Downgraded

Predicted Opening Price for Vanguard Long-Term Corporate Bond ETF of Wednesday, April 17, 2024

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