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Archive
- 4/5/2024 -
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Vanguard Financials ETF (VFH) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Vanguard Financials ETF (VFH). During the week, the VFH dropped -1.71 points, or -1.67%, and closed at 100.68 on Friday, April 5, 2024. It was the worst weekly loss since October 27, 2023. Weekly volume was -47% below average.
 Long-term trend: [See VFH long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 72.96 and reached 102.60 on March 28, 2024. VFH gained -29.64 points, or -40.62%, in 76 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (76.66) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 VFH medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 75.72 and reached 102.60 on March 28, 2024. VFH gained -26.88 points, or -35.50%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (104.16) 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 VFH weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See VFH short-term trend chart]
A short-term uptrend had started on January 17, 2024 at 90.02 and reached 102.60 on March 28, 2024. VFH gained -12.58 points, or -13.97%, in 71 days. The chart has formed a Rising Wedge chart pattern.
 Daily Technical Indicators: [See VFH daily technical indicators chart]
Daily technical indicators are neutral.
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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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