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Uptrend SupportArchive
- 4/5/2024 -
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Vanguard REIT Index ETF (VNQ) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Vanguard REIT Index ETF (VNQ). During the week, the VNQ dropped -2.54 points, or -2.94%, and closed at 83.94 on Friday, April 5, 2024. It was the worst weekly loss since October 20, 2023. VNQ was trading at average weekly trading volume.
 Long-term trend: [See VNQ long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 116.71 and reached 70.61 on October 30, 2023. VNQ lost 46.10 points, or 39.50%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (68.94) 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 VNQ medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 70.61 and reached 90.09 on December 14, 2023. VNQ gained -19.48 points, or -27.59%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (87.01) 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. VNQ 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 VNQ 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 VNQ short-term trend chart]
A short-term downtrend had started on March 11, 2024 at 88.07 and reached 83.01 on April 5, 2024. VNQ lost 5.06 points, or 5.75%, in 25 days. The price is now at the 18.38% retracement level.
 Daily Technical Indicators: [See VNQ daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily MACD has bullish 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 bullish 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 link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since March 14, 2024. This is an indication that the short-term trend is down.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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 price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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