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Uptrend ExhaustionArchive - 4/26/2024 - Sign In to see current Signals. |
Vanguard Energy ETF (VDE) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Vanguard Energy ETF (VDE). During the week, the VDE climbed 1.24 points, or 0.94%, and closed at 133.49 on Friday, April 26, 2024. Weekly volume was -11% below average. Long-term trend: [See VDE long-term trend chart] A long-term downtrend had started on September 14, 2023 at 131.07 and reached 110.51 on January 18, 2024. VDE lost 20.56 points, or 15.69%, in 18 weeks. The price is now at the 111.77% retracement level. Medium-term trend: [See VDE medium-term trend chart] A medium-term uptrend had started on January 18, 2024 at 110.51 and reached 137.92 on April 12, 2024. VDE gained -27.41 points, or -24.80%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (135.54) 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 VDE weekly technical indicators chart] Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is above its signal line since February 23, 2024. 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 VDE short-term trend chart] A short-term uptrend had started on April 17, 2024 at 130.21 and reached 134.95 on April 25, 2024. VDE gained -4.74 points, or -3.64%, in 8 days. The price is now at the 30.80% retracement level. Daily Technical Indicators: [See VDE daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. The daily MACD line is below its signal line since April 11, 2024. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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