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Archive - 3/15/2024 - Sign In to see current Signals. |
Vanguard Materials ETF (VAW) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a fifth consecutive positive week for the Vanguard Materials ETF (VAW). During the week, the VAW climbed 1.55 points, or 0.79%, and closed at 198.65 on Friday, March 15, 2024. VAW was trading at average weekly trading volume. Long-term trend: [See VAW long-term trend chart] A long-term downtrend had started on April 21, 2022 at 201.11 and reached 146.72 on September 29, 2022. VAW lost 54.39 points, or 27.04%, in 23 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (168.32) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. VAW may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend. Medium-term trend: [See VAW medium-term trend chart] A medium-term uptrend had started on October 23, 2023 at 162.48 and reached 200.87 on March 13, 2024. VAW gained -38.39 points, or -23.63%, in 20 weeks. The price is now at the 5.78% retracement level. Weekly Technical Indicators: [See VAW weekly technical indicators chart] Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help. Short-term trend: [See VAW short-term trend chart] A short-term uptrend had started on February 5, 2024 at 179.00 and reached 200.87 on March 13, 2024. VAW gained -21.87 points, or -12.22%, in 37 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 188.52 and resistance is at 202.24. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend. Daily Technical Indicators: [See VAW daily technical indicators chart] Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. The daily MACD line is above its signal line since February 8, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak. A Parabolic SAR (stop and reversal) indicator (197.34) comes close to the price (198.65). It indicates that the trend is getting weaker. 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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