Vanguard Emerging Markets Government Bond ETF Stock Analysis
Technical stock analysis for 23 January 2019
Vanguard Emerging Markets Government Bond ETF gained 0.57% in the last trading day, rising from $76.01 to $76.44 The price has risen in 8 of the last 10 days and is up by 1.38% over the past 2 weeks. Volume fell in the last day by -91 459 shares, and in total, 61 878 shares bought and sold for approximately $4.73 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the VWOB stock was $76.44. This is 0.57% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 0.55% from a day low at $76.09 to a day high of $76.51.
30 day high of the VWOB stock price was $76.51 and low was $74.01.
90 day high was $76.51 and low was $73.23.
52 week high for the Vanguard Emerging Markets Government Bond ETF - $80.26 and low - $73.23.
Given the current short-term trend, the stock is expected to rise 2.01% during the next 3 months and, with 90% probability hold a price between $75.82 and $77.98 at the end of this period.
Only positive signals in the chart today. Vanguard Emerging Markets 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 $75.91 and $74.86. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday November 27, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
* 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 91 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.
Support & Resistance
Vanguard Emerging Markets Government Bond ETF finds support from accumulated volume at $74.74.
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 $0.42 (0.55%) between high and low. For the last week, the stock has had a daily average volatility of 0.37%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $73.87 (-3.36%) (This stock has low daily movements and this gives low risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from pivot bottom found 37 days ago.)
Very Low Low Medium High Very High
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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.