(VCE) Vanguard FTSE Canada - Ratings and Ratios

Vanguard FTSE Canada ETF (VCE) is a Canadian equity exchange-traded fund designed to track the performance of the Morningstar Canada GR CAD Index. The fund offers exposure to a broad range of Canadian equities, providing diversification across various sectors and market capitalizations. VCE is listed on the Toronto Stock Exchange (TO) and is managed by Vanguard Investments Canada Inc., a subsidiary of Vanguard, one of the worlds largest asset management firms.

From a technical perspective, VCE has shown moderate price action in recent weeks. The ETFs 20-day moving average (SMA 20) is currently at 53.24, slightly below its 50-day moving average (SMA 50) of 54.33. The 200-day moving average (SMA 200) stands at 53.20, indicating a neutral to slightly bullish long-term trend. The Average True Range (ATR) of 1.08 reflects relatively low volatility in the ETFs price movements. The last closing price of 55.14 suggests that VCE is currently trading above its short- and long-term moving averages, which may indicate a bullish trend in the near term.

Fundamentally, VCE has a significant asset base, with Assets Under Management (AUM) of 2148.35M CAD, making it one of the larger ETFs in the Canadian equity category. This scale provides liquidity and cost efficiency, as larger AUM typically correlates with lower expense ratios. The ETFs tracking error is expected to remain minimal, given Vanguards passive management approach and the funds low turnover rate.

3-Month Forecast: Based on the provided technical and fundamental data, VCE is expected to maintain a stable to slightly upward trajectory in the next quarter. The ETFs current price of 55.14, combined with its position above the SMA 20 and SMA 50, suggests potential resistance at 56.50 and support at 52.80. If the price continues to trade above the SMA 50, it could test the upper resistance level. Conversely, a breakdown below the SMA 200 (53.20) could signal a reversal. The low ATR of 1.08 indicates that price fluctuations are likely to remain contained, with an expected trading range of 52.80 to 56.50 over the next three months. The funds strong AUM and passive management strategy further support its stability during this period.