Vanguard Natural Resources LLC Fund Forecast

Weaker technical forecast for Vanguard Natural Resources LLC as fund downgraded to Strong Sell Candidate.
(Updated on Aug 09, 2017)

VNRSQ Signals & Forecast

There are mixed signals in the fund today. The Vanguard Natural Resources LLC fund holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the fund giving a more negative forecast for the stock. On further gains, the fund will meet resistance from the long-term Moving Average at $0.0460. On a fall, the fund will find some support from the short-term average at $0.0340. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, August 08, 2017, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Vanguard Natural Resources LLC fund

Vanguard Natural Resources LLC finds support from accumulated volume at $0.0328 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

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

Trading Expectations (VNRSQ) For The Upcoming Trading Day Of Thursday 10th

For the upcoming trading day on Thursday, 10th we expect Vanguard Natural Resources LLC to open at $0.0341, and during the day (based on 14 day Average True Range), to move between $0.0211 and $0.0477, which gives a possible trading interval of +/-$0.0133 (+/-38.76%) up or down from last closing price. If Vanguard Natural Resources LLC takes out the full calculated possible swing range there will be an estimated 77.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0328 (4.52%) than the resistance at $0.0387 (12.50%), 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 Natural Resources LLC fund A Buy?

Vanguard Natural Resources LLC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.510 Strong Sell Candidate Downgraded

Predicted Opening Price for Vanguard Natural Resources LLC of Thursday, August 10, 2017

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