The Greedy Trader Weekly Analysis
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Candlesticks Name: Bullish Matching Low
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- 6/14/2024 -
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Vanguard Consumer Staples ETF (VDC) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved below overbought areaPrice is near the Fibonacci 23.6% retracement level
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice is close to the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Vanguard Consumer Staples ETF (VDC). During the week, the VDC dropped -2.41 points, or -1.17%, and closed at 203.70 on Friday, June 14, 2024. Weekly volume was -58% below average.

Long-term trend: [See VDC long-term trend chart]
A long-term downtrend had started on June 6, 2024 at 208.00 and reached 202.47 on June 14, 2024. VDC lost 5.53 points, or 2.66%, in 1 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See VDC medium-term trend chart]
A medium-term downtrend had started on May 16, 2024 at 209.70 and reached 202.22 on May 31, 2024. VDC lost 7.48 points, or 3.57%, in 2 weeks. The price is now at the 19.79% retracement level.

Weekly Technical Indicators: [See VDC weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since December 1, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See VDC short-term trend chart]
A short-term downtrend had started on June 6, 2024 at 208.00 and reached 202.47 on June 14, 2024. VDC lost 5.53 points, or 2.66%, in 8 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See VDC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since May 22, 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.

Price is close to the 50 Day Moving Average. While 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.96
Williams' Percentage Range (W%R) 86.30
Oversold
Lane's Stochastic (%D-Slow) 35.95
Greed/Fear Indicator (GFI) 30.55
Moving Average Converg./Diverg. (MACD) 0.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.95
Williams' Percentage Range (W%R) 32.50
Lane's Stochastic (%D-Slow) 77.09
Greed/Fear Indicator (GFI) 64.81
Moving Average Converg./Diverg. (MACD) 3.45
Trading Signals
Description Value Chart
Upper Bollinger Band 208.54
Parabolic System 207.65
Weekly Stochastic Crossing 206.06
20 Day Moving Average 205.63
Daily Stochastic Crossing 204.15
Price 203.70
50 Day Moving Average 202.88
Lower Bollinger Band 201.43
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 208.00
High Date 06/06/2024
Low 202.47
Low Date 06/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 208.00
High Date 06/06/2024
Low 202.47
Low Date 06/14/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 208.00
High Date 06/06/2024
Low 202.47
Low Date 06/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 208.00
High Date 06/06/2024
Low 202.47
Low Date 06/14/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 209.70
High Date 05/16/2024
Low 202.22
Low Date 05/31/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.