The Greedy Trader Weekly Analysis
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- 12/20/2024 -
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Vanguard Health Care ETF (VHT) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Relative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldThe Bollinger Bands are historically far apart
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It was the negative week for the Vanguard Health Care ETF (VHT). During the week, the VHT dropped -6.50 points, or -2.50%, and closed at 253.90 on Friday, December 20, 2024. Weekly volume was 228% above average.

Long-term trend: [See VHT long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 222.29 and reached 289.14 on September 3, 2024. VHT gained -66.85 points, or -30.07%, in 44 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (295.54) 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. VHT 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 long-term trend.

Medium-term trend: [See VHT medium-term trend chart]
A medium-term downtrend had started on September 3, 2024 at 289.14 and reached 250.10 on December 19, 2024. VHT lost 39.04 points, or 13.50%, in 15 weeks. The price is now at the 9.73% retracement level.

Weekly Technical Indicators: [See VHT weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See VHT short-term trend chart]
A short-term downtrend had started on November 29, 2024 at 272.79 and reached 250.10 on December 19, 2024. VHT lost 22.69 points, or 8.32%, in 20 days. The price is now at the 16.75% retracement level.

Daily Technical Indicators: [See VHT daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since December 10, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (10.43%) is close to one year high (9.19%). It is 109.57% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 15.29
Oversold
Williams' Percentage Range (W%R) 89.40
Oversold
Lane's Stochastic (%D-Slow) 6.82
Strong Oversold
Greed/Fear Indicator (GFI) 10.90
Oversold
Moving Average Converg./Diverg. (MACD) -3.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.40
Williams' Percentage Range (W%R) 93.80
Strong Oversold
Lane's Stochastic (%D-Slow) 25.75
Greed/Fear Indicator (GFI) 22.89
Moving Average Converg./Diverg. (MACD) 1.87
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 301.70
Quarterly Trendline Support 295.54
Upper Bollinger Band 275.63
50 Day Moving Average 269.61
20 Day Moving Average 264.43
Parabolic System 261.66
Weekly Stochastic Crossing 258.47
Price 253.90
Daily Stochastic Crossing 251.40
Lower Bollinger Band 249.14
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 272.79
High Date 11/29/2024
Low 250.10
Low Date 12/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 288.68
High Date 09/16/2024
Low 250.10
Low Date 12/19/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 289.14
High Date 09/03/2024
Low 250.10
Low Date 12/19/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 301.70
Support 295.54
Low 222.29
Low Date 10/27/2023
High 289.14
High Date 09/03/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 217.23
Low Date 06/16/2022
High 289.14
High Date 09/03/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.