(VONE) Vanguard Russell 1000 - Ratings and Ratios

The Vanguard Russell 1000 Index Fund ETF Shares (NASDAQ:VONE) is an exchange-traded fund designed to replicate the performance of the Russell 1000® Index, which tracks large-capitalization U.S. equities. The fund employs a passive indexing strategy, aiming to hold each stock in the index in proportion to its market capitalization. This approach minimizes tracking error and ensures tight correlation with the underlying index. As a non-diversified fund, it can take larger positions in individual securities, which may increase concentration risk but aligns closely with the indexs composition. The fund is managed by Vanguard, a well-known issuer with a history of low-cost index tracking. URL: http://www.vanguard.com

From a technical perspective, VONE is currently trading at $250.06, slightly above its 20-day SMA of $242.60 but below its 50-day SMA of $254.95 and 200-day SMA of $259.08. This indicates short-term strength but a longer-term downtrend. The Average True Range (ATR) of 7.12 suggests moderate volatility. With an average daily volume of 197,100 shares, the fund maintains sufficient liquidity for most investors. The funds assets under management (AUM) stand at $5.327 billion, reflecting its popularity as a large-cap equity ETF. Its category classification as a Large Blend ETF highlights its focus on tracking the performance of large U.S. companies across various sectors.

3-Month Forecast: Based on the current technical and fundamental data, VONE is expected to remain range-bound between $242.60 and $259.08 over the next three months. The funds price action will likely be influenced by broader market conditions, with potential support at the 20-day SMA and resistance at the 50-day SMA. The ATR of 7.12 suggests that price fluctuations may remain moderate, with an average daily range of approximately 2.8%. If the fund breaks above the 50-day SMA, it could test the 200-day SMA, signaling a potential recovery. Conversely, a breach below the 20-day SMA could lead to further downside, testing lower support levels.