|
|
Uptrend Broken SupportArchive
- 4/19/2024 -
Sign In to see current Signals. |
Vanguard Industrials ETF (VIS) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Vanguard Industrials ETF (VIS). During the week, the VIS dropped -5.24 points, or -2.21%, and closed at 232.20 on Friday, April 19, 2024. Weekly volume was -20% below average.
 Long-term trend: [See VIS long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 156.85 and reached 244.72 on April 4, 2024. VIS gained -87.87 points, or -56.02%, in 77 weeks. The price is now at the 14.25% retracement level.
 Medium-term trend: [See VIS medium-term trend chart]
A medium-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 uptrend support line (246.05) 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. VIS 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 VIS 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 December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 8, 2024 at 244.00 and reached 231.42 on April 19, 2024. VIS lost 12.58 points, or 5.16%, in 11 days. The price is now at the 6.20% retracement level.
 Daily Technical Indicators: [See VIS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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.
| |
|
|