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Archive
- 4/5/2024 -
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Vanguard Materials ETF (VAW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Vanguard Materials ETF (VAW). During the week, the VAW gave back -0.77 points, or -0.38%, and closed at 203.66 on Friday, April 5, 2024. It was the worst weekly loss since January 19, 2024. Weekly volume was -30% below average.
 Long-term trend: [See VAW long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 201.11 and reached 146.72 on September 29, 2022. VAW lost 54.39 points, or 27.04%, in 23 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (169.15) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See VAW medium-term trend chart]
A medium-term uptrend had started on October 23, 2023 at 162.48 and reached 205.99 on April 4, 2024. VAW gained -43.51 points, or -26.78%, in 23 weeks. The price is now at the 5.36% retracement level.
 Weekly Technical Indicators: [See VAW weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See VAW short-term trend chart]
A short-term uptrend had started on February 5, 2024 at 179.00 and reached 205.99 on April 4, 2024. VAW gained -26.99 points, or -15.08%, in 59 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (205.96) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.
 Daily Technical Indicators: [See VAW daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (201.88) comes close to the price (203.66). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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