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Archive
- 4/5/2024 -
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Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB) Technical Analysis
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| Summary:
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| | It was the negative week for the Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB). During the week, the VTEB dropped -0.64 points, or -1.26%, and closed at 49.96 on Friday, April 5, 2024. It was the worst weekly loss since October 20, 2023. VTEB was trading at average weekly trading volume.
 Long-term trend: [See VTEB long-term trend chart]
A long-term downtrend had started on July 20, 2021 at 55.67 and reached 47.14 on October 30, 2023. VTEB lost 8.53 points, or 15.32%, in 118 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (47.03) 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 VTEB medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 47.14 and reached 51.15 on December 27, 2023. VTEB gained -4.01 points, or -8.51%, in 8 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (53.12) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. VTEB may retest the broken support line. It is considered to be a resistance line now. 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 VTEB weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See VTEB short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 50.86 and reached 49.91 on April 3, 2024. VTEB lost 0.95 points, or 1.87%, in 21 days. The price is now at the 5.26% retracement level.
 Daily Technical Indicators: [See VTEB daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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 daily MACD line is below its signal line since March 15, 2024. This is an indication that the short-term trend is down.
The price touches the lower Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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