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June 28, 2023
- Strong bullish sentiment set to meet bearish fightback around key resistance at $161.31, currently 58 cents away
- Upper Bollinger Band® currently at $162.86
A study of Vanguard Dividend Appreciation ETF's chart reveals various key levels to watch: Vanguard Dividend Appreciation Index Fund ETF Shares's run now faces a challenge at $161.31, which is only 58 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Trend and momentum analysis indicates that around $159.9, Vanguard Dividend Appreciation ETF can look to establish a new bullish phase beyond its 10 day Simple Moving Average. According to asset volatility analysis, Vanguard Dividend Appreciation ETF's upper Bollinger Band® is at $162.86.
For the time being, Vanguard Dividend Appreciation ETF remains flat without a clear direction.
Around $215.32, Vanguard Mid-Cap ETF can look to establish a new bullish phase beyond its 10 day Simple Moving Average. In contrast, Vanguard Mid-Cap ETF's recent run now faces a major challenge as concentrated supply is likely found at $217.74 with price action currently $1.19 away.
Overall, looking at the technical analysis landscape, it seems Vanguard Mid-Cap ETF might continue pointing upwards in the short term.
Around $199.18, Vanguard Large Cap ETF can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Despite this, it will be interesting to follow how Vanguard Large Cap ETF's run now faces a challenge at $200.27, which is only 83 cents away.
Overall, looking at the technical analysis landscape, it seems Vanguard Large Cap ETF might continue pointing upwards in the short term.
Fundamental indicators – United States New Home Sales (May) released yesterday at 14:00 UTC with a figure of 763,000, while the previous figure was 680,000.
Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with -1.76 million. It previously stood at -3.83 million; data will be released today at 14:30 UTC.
