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Archive
- 12/13/2024 -
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Vanguard European Stock ETF (VGK) Technical Analysis
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| Summary:
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| | It was the negative week for the Vanguard European Stock ETF (VGK). During the week, the VGK dropped -0.87 points, or -1.30%, and closed at 66.31 on Friday, December 13, 2024. Weekly volume was -40% below average.
 Long-term trend: [See VGK long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 44.99 and reached 72.07 on September 27, 2024. VGK gained -27.08 points, or -60.19%, in 102 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (66.02) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See VGK medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 72.07 and reached 64.25 on November 19, 2024. VGK lost 7.82 points, or 10.85%, in 7 weeks. The price is now at the 26.34% retracement level.
 Weekly Technical Indicators: [See VGK weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 below its signal line since October 4, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See VGK short-term trend chart]
A short-term uptrend had started on November 19, 2024 at 64.25 and reached 67.62 on December 9, 2024. VGK gained -3.37 points, or -5.25%, in 20 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 65.61 and resistance is at 68.56. 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 VGK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since November 25, 2024. This is an indication that the short-term trend is up.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
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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