Vanguard Emerging Markets Government Bond ETF Forecast and Stock Analysis
Technical VWOB stock analysis for Wednesday June 19, 2019.
Vanguard Emerging Markets Government Bond ETF gained 0.60% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $79.65 to $80.13 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 0.89% from a day low at $79.49 to a day high of $80.20. The price has risen in 9 of the last 10 days and is up by 2.25% 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, 21 502 more shares were traded than the day before. In total, 82 708 shares bought and sold for approximately $6.63 million.
- 30 day high of the VWOB stock price was $80.20 and low was $77.51.
- 90 day high was $80.20 and low was $77.10.
- 52 week high for the Vanguard Emerging Markets Government Bond ETF - $80.20 and low - $73.23.
Given the current horizontal trend you can expect Vanguard Emerging Markets Government Bond ETF with 90% probability to be traded between $78.51 and $81.04 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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 $79.29 and $78.17. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 13, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
* 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 85 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 $77.99.
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 $0.71 (0.89%) between high and low. For the last week, the stock has had a daily average volatility of 0.39%.
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: $76.17 (-4.94%) (This stock has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from pivot bottom found 26 days ago.)
0.39 %Average volatility
Very Low Low Medium High Very High
Vanguard Emerging Markets Government Bond ETF holds several positive signals and is considered to be a good choice at current levels. We expect the stock to perform great in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.
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