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Archive
- 12/20/2024 -
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Vanguard Materials ETF (VAW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Vanguard Materials ETF (VAW). During the week, the VAW dropped -10.20 points, or -5.10%, and closed at 189.80 on Friday, December 20, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was 198% above average.
 Long-term trend: [See VAW long-term trend chart]
A long-term uptrend had started on August 5, 2024 at 190.49 and reached 215.82 on October 18, 2024. VAW gained -25.33 points, or -13.30%, in 10 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The uptrend support line (198.78) 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. VAW 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 long-term trend.
 Medium-term trend: [See VAW medium-term trend chart]
A medium-term downtrend had started on October 18, 2024 at 215.82 and reached 187.50 on December 20, 2024. VAW lost 28.32 points, or 13.12%, in 9 weeks. The price is now at the 8.12% retracement level.
 Weekly Technical Indicators: [See VAW weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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.
The weekly MACD line is below its signal line since November 15, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
Short-term trend: [See VAW short-term trend chart]
A short-term downtrend had started on November 25, 2024 at 213.50 and reached 187.50 on December 20, 2024. VAW lost 26.00 points, or 12.18%, in 25 days. The price is now at the 8.85% retracement level.
 Daily Technical Indicators: [See VAW daily technical indicators chart]
Daily Relative Strength Index, 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since December 4, 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.
The distance between the Bollinger Bands (16.78%) is close to one year high (9.87%). It is 169.36% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell 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.
 Candlestick pattern: [See VAW candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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