Vanguard S&P 500 ETF (VOO) offers exposure to the 500 largest U.S. companies, providing diversification and stability. With its low expense ratio of 0.03%, VOO is cost-effective and attracts long-term investors. Despite recent market corrections, the ETF is well-positioned to benefit from rebounds in the U.S. stock market. Moreover, technical indicators suggest that VOO stock is a Buy, on a one-month timeframe, implying further upside from current levels.
Analyzing VOO Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, VOO ETF is on an upward trend. The stock’s 50-day Exponential Moving Average (EMA) is 413.96, while its price is $499.16, implying a bullish signal. Further, its shorter duration EMA (20 days) also signals an uptrend.
Another technical indicator, Williams %R, helps traders see if a stock is overbought or oversold. For VOO, Williams %R currently shows a Buy signal, suggesting the stock is not overbought and has room to run.
Moreover, the Rate of Change (ROC) is a momentum-based technical indicator. It measures the percentage change in a stock’s price between the current price and the price from a specific number of periods ago. Typically, a ROC above zero confirms an uptrend. VOO stock currently has an ROC of 12.25, which signals a Buy.
Is VOO ETF a Good Buy?
Turning to Wall Street, VOO stock has a Moderate Buy consensus rating based on 412 Buys, 86 Holds, and eight Sells assigned in the last three months. At $621.83, the average VOO ETF price target implies a 25.23% upside potential.
