VANGUARD HEALTH CARE INDEX FUND SHARES ETF Forecast

Weaker technical forecast for VANGUARD HEALTH CARE INDEX FUND SHARES as ETF downgraded to Hold/Accumulate.
(Updated on Apr 17, 2024)

VHT Signals & Forecast

There are few to no technical positive signals at the moment. The VANGUARD HEALTH CARE INDEX FUND SHARES 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 $256.66 and $264.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -6.44%. 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. The ETF had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.

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 ETF in question.

Support, Risk & Stop-loss for VANGUARD HEALTH CARE INDEX FUND SHARES 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.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $2.57 (1.02%) between high and low. For the last week, the ETF has had daily average volatility of 1.18%.

VANGUARD HEALTH CARE INDEX FUND SHARES is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $239.28 (-5.47%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 15 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (VHT) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect VANGUARD HEALTH CARE INDEX FUND ETF SHARES to open at $253.79, and during the day (based on 14 day Average True Range), to move between $250.29 and $255.97, which gives a possible trading interval of +/-$2.84 (+/-1.12%) up or down from last closing price. If VANGUARD HEALTH CARE INDEX FUND ETF SHARES takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $256.64, some $3.51 (1.39%) from the current price of $253.13, our system finds the risk reward not very attractive.

Is VANGUARD HEALTH CARE INDEX FUND ETF SHARES ETF A Buy?

VANGUARD HEALTH CARE INDEX FUND SHARES 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. 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: -0.512 Hold/Accumulate Downgraded

Predicted Opening Price for VANGUARD HEALTH CARE INDEX FUND ETF SHARES of Thursday, April 18, 2024

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