Vanguard Long-Term Government Bond ETF Forecast and Stock Analysis
Technical VGLT stock analysis for February 15, 2019.
Vanguard Long-Term Government Bond ETF gained 0.71% in the last trading day, rising from $74.53 to $75.06 The price has risen in 5 of the last 10 days and is up by 0.85% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 109 900 more shares were traded than the day before. In total, 109 900 shares bought and sold for approximately $8.25 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the VGLT stock was $75.06. This is 0.71% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.38% from a day low at $74.78 to a day high of $75.06.
30 day high of the VGLT stock price was $75.34 and low was $73.47.
90 day high was $76.18 and low was $70.48.
52 week high for the Vanguard Long-Term Government Bond ETF - $76.18 and low - $68.97.
Vanguard Long-Term Government Bond ETF lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $74.83 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.33% during the next 3 months and, with 90% probability hold a price between $78.82 and $82.14 at the end of this period.
Vanguard Long-Term Government Bond ETF holds buy signals from both short- and long-term moving averages. In addition, 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 $74.88 and $74.52. A break down below any of these levels will issue sell signals. 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 sales signal was issued from a pivot top point on Friday February 08, 2019, which indicates further falls until a new bottom pivot has been found.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
Vanguard Long-Term Government Bond ETF finds support from accumulated volume at $74.80.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.28 (0.38%) between high and low. For the last week, the stock has had a daily average volatility of 0.29%.
Our recommended stoploss: $72.10 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 5 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term.