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Downtrend ExhaustionArchive
- 5/22/2026 -
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Vanguard Materials ETF (VAW) Technical Analysis
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| Summary:
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| | It was a first positive week for the Vanguard Materials ETF (VAW). During the week, the VAW climbed 0.84 points, or 0.37%, and closed at 227.78 on Friday, May 22, 2026. Weekly volume was -16% below average.
 Long-term trend: [See VAW long-term trend chart]
A long-term uptrend had started on April 8, 2025 at 161.40 and reached 245.26 on February 25, 2026. VAW gained -83.86 points, or -51.96%, in 46 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 213.29 and resistance is at 263.95. 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 long-term trend.
 Medium-term trend: [See VAW medium-term trend chart]
A medium-term uptrend had started on March 20, 2026 at 210.14 and reached 238.54 on May 7, 2026. VAW gained -28.40 points, or -13.51%, in 6 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (235.95) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 Weekly Technical Indicators: [See VAW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 20, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 May 7, 2026 at 238.54 and reached 220.68 on May 19, 2026. VAW lost 17.86 points, or 7.49%, in 12 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See VAW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 14, 2026. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (229.28) comes close to the price (227.78). 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.
Price is close to the 50 Day Moving Average. 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.
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