The Greedy Trader Weekly Analysis
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 3/15/2024 -
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Vanguard Short-Term Bond Index Fund ETF Shares (BSV) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageThe price touches the lower Bollinger BandThe Bollinger Bands are historically close together
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It was the negative week for the Vanguard Short-Term Bond Index Fund ETF Shares (BSV). During the week, the BSV gave back -0.42 points, or -0.55%, and closed at 76.35 on Friday, March 15, 2024. Weekly volume was -41% below average.

Long-term trend: [See BSV long-term trend chart]
A long-term downtrend had started on July 31, 2020 at 83.30 and reached 74.03 on October 21, 2022. BSV lost 9.27 points, or 11.13%, in 116 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (74.85) 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 BSV medium-term trend chart]
A medium-term uptrend had started on October 19, 2023 at 74.61 and reached 77.32 on January 12, 2024. BSV gained -2.71 points, or -3.63%, in 12 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 76.18 and resistance is at 76.85. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BSV 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 BSV short-term trend chart]
A short-term uptrend had started on March 1, 2024 at 76.30 and reached 76.86 on March 8, 2024. BSV gained -0.56 points, or -0.73%, in 7 days. The price is now at the 91.07% retracement level.

Daily Technical Indicators: [See BSV 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. 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

The price touches the lower Bollinger Band. The distance between the Bollinger Bands (0.58%) is close to one year low (0.57%). It is 52.45% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.00
Williams' Percentage Range (W%R) 80.40
Oversold
Lane's Stochastic (%D-Slow) 36.25
Greed/Fear Indicator (GFI) 34.30
Moving Average Converg./Diverg. (MACD) -0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.33
Williams' Percentage Range (W%R) 34.10
Lane's Stochastic (%D-Slow) 25.17
Greed/Fear Indicator (GFI) 45.81
Moving Average Converg./Diverg. (MACD) 0.29
Trading Signals
Description Value Chart
Parabolic System 76.91
Monthly Trendline Resistance 76.85
Upper Bollinger Band 76.80
50 Day Moving Average 76.72
20 Day Moving Average 76.53
Weekly Stochastic Crossing 76.51
Daily Stochastic Crossing 76.49
Price 76.35
Lower Bollinger Band 76.35
Monthly Trendline Support 76.18
Yearly Trendline Resistance 75.23
Yearly Trendline Support 74.85
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.30
Low Date 03/01/2024
High 76.86
High Date 03/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.32
High Date 01/12/2024
Low 76.30
Low Date 03/01/2024
Description Value
Direction Up
Chart Pattern Falling Channel
Status Valid
Resistance 76.85
Support 76.18
Low 74.61
Low Date 10/19/2023
High 77.32
High Date 01/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.03
Low Date 10/21/2022
High 77.32
High Date 01/12/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 75.23
Support 74.85
High 83.30
High Date 07/31/2020
Low 74.03
Low Date 10/21/2022
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.