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Archive
- 12/13/2024 -
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Vanguard Energy ETF (VDE) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Vanguard Energy ETF (VDE). During the week, the VDE dropped -2.28 points, or -1.78%, and closed at 125.70 on Friday, December 13, 2024. Weekly volume was 9% above average.
 Long-term trend: [See VDE long-term trend chart]
A long-term downtrend had started on April 12, 2024 at 137.92 and reached 115.51 on September 11, 2024. VDE lost 22.41 points, or 16.25%, in 21 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (107.51) 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 VDE medium-term trend chart]
A medium-term uptrend had started on September 11, 2024 at 115.51 and reached 137.40 on November 22, 2024. VDE gained -21.89 points, or -18.95%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (127.57) 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. VDE 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 medium-term trend.
 Weekly Technical Indicators: [See VDE 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 November 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See VDE short-term trend chart]
A short-term downtrend had started on November 22, 2024 at 137.40 and reached 125.40 on December 13, 2024. VDE lost 12.00 points, or 8.73%, in 21 days. Price is near the trend low.
 Daily Technical Indicators: [See VDE daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Relative Strength Index and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Relative Strength Index and Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since November 27, 2024. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
137.40 |
| High Date |
11/22/2024 |
| Low |
125.40 |
| Low Date |
12/13/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
137.40 |
| High Date |
11/22/2024 |
| Low |
125.40 |
| Low Date |
12/13/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
137.40 |
| High Date |
11/22/2024 |
| Low |
125.40 |
| Low Date |
12/13/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
139.85 |
| Support |
127.57 |
| Low |
115.51 |
| Low Date |
09/11/2024 |
| High |
137.40 |
| High Date |
11/22/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Broken Resistance |
| Resistance |
123.99 |
| Support |
107.51 |
| High |
137.92 |
| High Date |
04/12/2024 |
| Low |
115.51 |
| Low Date |
09/11/2024 |
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