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Archive
- 4/5/2024 -
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Vanguard Utilities ETF (VPU) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Vanguard Utilities ETF (VPU). During the week, the VPU gave back -0.88 points, or -0.62%, and closed at 141.70 on Friday, April 5, 2024. It was the worst weekly loss since February 9, 2024. VPU was trading at average weekly trading volume.
 Long-term trend: [See VPU long-term trend chart]
A long-term downtrend had started on September 12, 2022 at 169.52 and reached 118.81 on October 6, 2023. VPU lost 50.71 points, or 29.91%, in 55 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (112.30) 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 VPU medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 143.93 and reached 128.05 on February 13, 2024. VPU lost 15.88 points, or 11.03%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (121.66) 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 medium-term trend.
 Weekly Technical Indicators: [See VPU weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since November 17, 2023. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See VPU short-term trend chart]
A short-term uptrend had started on March 26, 2024 at 137.68 and reached 143.00 on April 4, 2024. VPU gained -5.32 points, or -3.86%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See VPU daily technical indicators chart]
Daily technical indicators are neutral. Daily 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 daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since March 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
137.68 |
| Low Date |
03/26/2024 |
| High |
143.00 |
| High Date |
04/04/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
137.68 |
| Low Date |
03/26/2024 |
| High |
143.00 |
| High Date |
04/04/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
145.89 |
| Support |
142.24 |
| Low |
128.05 |
| Low Date |
02/13/2024 |
| High |
143.00 |
| High Date |
04/04/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
126.04 |
| Support |
121.66 |
| High |
143.93 |
| High Date |
12/14/2023 |
| Low |
128.05 |
| Low Date |
02/13/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
137.66 |
| Support |
112.30 |
| High |
169.52 |
| High Date |
09/12/2022 |
| Low |
118.81 |
| Low Date |
10/06/2023 |
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