Vanguard Emerging Markets Government ETF Forecast
Weaker technical forecast for Vanguard Emerging Markets Government as ETF downgraded to Hold/Accumulate.
(Updated on Apr 23, 2024)
The Vanguard Emerging Markets Government ETF price gained 0.0958% on the last trading day (Tuesday, 23rd Apr 2024), rising from $62.66 to $62.72. It has now gained 3 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 the last trading day the ETF fluctuated 0.751% from a day low at $62.53 to a day high of $63.00. The price has fallen in 6 of the last 10 days and is down by -2% for this period. Volume fell on the last day by -100 thousand shares and in total, 263 thousand shares were bought and sold for approximately $16.52 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Vanguard Emerging Markets Government ETF with a 90% probability to be traded between $62.22 and $64.78 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VWOB Signals & Forecast
There are mixed signals in the ETF today. The Vanguard Emerging Markets Government ETF 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 ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $63.18. On a fall, the ETF will find some support from the short-term average at $62.24. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.67%. Further rise is indicated 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 it may be an early warning. The ETF should be watched closely. The ETF had a Golden Star Signal on Wednesday, February 21, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Wednesday, February 21, 2024 in the short-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 Emerging Markets Government ETF
Vanguard Emerging Markets Government finds support from accumulated volume at $62.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.470 between high and low, or 0.751%. For the last week the ETF has had daily average volatility of 0.474%.
Our recommended stop-loss: $59.46 (-5.20%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (VWOB) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Vanguard Emerging Markets Government Bond ETF to open at $62.75, and during the day (based on 14 day Average True Range), to move between $62.27 and $63.17, which gives a possible trading interval of +/-$0.454 (+/-0.72%) up or down from last closing price. If Vanguard Emerging Markets Government Bond ETF takes out the full calculated possible swing range there will be an estimated 1.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $62.69 (0.05%) than the resistance at $63.44 (1.15%), 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 Emerging Markets Government Bond ETF ETF A Buy?
Vanguard Emerging Markets Government holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.571 Hold/Accumulate Downgraded
Predicted Opening Price for Vanguard Emerging Markets Government Bond ETF of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$62.75 ( 0.0478%) | $62.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VWOB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.22 | 0.797 % | |
R2 | 63.04 | 0.511 % | ||
R1 | 62.93 | 0.334 % | ||
Current price: | 62.72 | |||
Support | S1 | 62.57 | -0.238 % | |
S2 | 62.46 | -0.415 % | ||
S3 | 62.28 | -0.701 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.56 | 1.34 % | |
R2 | 63.48 | 1.21 % | ||
R1 | 63.44 | 1.15 % | ||
Current price | 62.72 | |||
Support | S1 | 62.69 | -0.0478% | |
S2 | 61.91 | -1.29% | ||
S3 | 61.82 | -1.43% |
VWOB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 27, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.316 | 0.497% |
2 | Feb 28, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.316 | 0.500% |
3 | Jan 30, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.276 | 0.440% |
4 | Dec 20, 2023 | Dec 22, 2023 | Dec 28, 2023 | $0.304 | 0.475% |
5 | Nov 29, 2023 | Dec 01, 2023 | Dec 06, 2023 | $0.281 | 0.452% |
FAQ
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