Vanguard Emerging Markets Government ETF Forecast
Stronger technical forecast for Vanguard Emerging Markets Government ETF price after Thursday trading.
(Updated on Apr 18, 2024)
The Vanguard Emerging Markets Government ETF price fell by -0.0322% on the last day (Thursday, 18th Apr 2024) from $62.18 to $62.16. During the last trading day the ETF fluctuated 0.467% from a day low at $62.07 to a day high of $62.36. The price has fallen in 6 of the last 10 days and is down by -2.02% for this period. Volume has increased on the last day by 448 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 695 thousand shares were bought and sold for approximately $43.23 million.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $61.71 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Vanguard Emerging Markets Government ETF with a 90% probability to be traded between $62.41 and $65.03 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
The Vanguard Emerging Markets Government 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 $62.35 and $63.21. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.762%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Vanguard Emerging Markets Government ETF
Vanguard Emerging Markets Government finds support from accumulated volume at $61.91 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 $0.290 between high and low, or 0.467%. For the last week the ETF has had daily average volatility of 0.629%.
Our recommended stop-loss: $58.97 (-5.13%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (VWOB) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Vanguard Emerging Markets Government Bond ETF to open at $62.20, and during the day (based on 14 day Average True Range), to move between $61.69 and $62.63, which gives a possible trading interval of +/-$0.475 (+/-0.76%) 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 1.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $61.91 (0.40%) than the resistance at $62.61 (0.72%), 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?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.156 Buy Candidate Upgraded
Predicted Opening Price for Vanguard Emerging Markets Government Bond ETF of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$62.20 ( 0.0590%) | $62.16 |
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 | 62.49 | 0.526 % | |
R2 | 62.38 | 0.347 % | ||
R1 | 62.31 | 0.237 % | ||
Current price: | 62.16 | |||
Support | S1 | 62.09 | -0.119 % | |
S2 | 62.02 | -0.229 % | ||
S3 | 61.91 | -0.408 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.56 | 2.25 % | |
R2 | 63.48 | 2.12 % | ||
R1 | 62.61 | 0.724 % | ||
Current price | 62.16 | |||
Support | S1 | 61.91 | -0.402% | |
S2 | 61.82 | -0.547% | ||
S3 | 61.69 | -0.756% |
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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