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Uptrend ExhaustionArchive
- 12/13/2024 -
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Vanguard Financials ETF (VFH) Technical Analysis
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| Summary:
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| | It was the negative week for the Vanguard Financials ETF (VFH). During the week, the VFH dropped -2.47 points, or -1.99%, and closed at 121.80 on Friday, December 13, 2024. It was the worst weekly loss since October 25, 2024. VFH was trading at average weekly trading volume.
 Long-term trend: [See VFH long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 72.96 and reached 126.85 on November 27, 2024. VFH gained -53.89 points, or -73.86%, in 110 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (78.57) 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 March 24, 2023 at 73.25 and reached 126.85 on November 27, 2024. VFH gained -53.60 points, or -73.17%, in 87 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (118.02) 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 medium-term trend.
 Weekly Technical Indicators: [See VFH weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 August 16, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 June 14, 2024 at 97.83 and reached 126.85 on November 27, 2024. VFH gained -29.02 points, or -29.66%, in 166 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 100.20 and resistance is at 129.33. 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 VFH daily technical indicators chart]
Daily Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Lane's Stochastic.
The daily MACD line is below its signal line since December 2, 2024.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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