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Archive
- 4/5/2024 -
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Vanguard Industrials ETF (VIS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Vanguard Industrials ETF (VIS). During the week, the VIS gave back -0.97 points, or -0.40%, and closed at 243.18 on Friday, April 5, 2024. It was the worst weekly loss since January 5, 2024. VIS was trading at average weekly trading volume.
 Long-term trend: [See VIS long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 183.29 and reached 244.72 on April 4, 2024. VIS gained -61.43 points, or -33.52%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 240.78 and resistance is at 245.06. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See VIS medium-term trend chart]
A medium-term uptrend had started on January 17, 2024 at 211.77 and reached 244.72 on April 4, 2024. VIS gained -32.95 points, or -15.56%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (245.15) 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 medium-term trend.
 Weekly Technical Indicators: [See VIS weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See VIS short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 244.72 and reached 240.79 on April 5, 2024. VIS lost 3.93 points, or 1.61%, in 1 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See VIS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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