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Archive
- 4/5/2024 -
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Vanguard Dividend Appreciation ETF (VIG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Vanguard Dividend Appreciation ETF (VIG). During the week, the VIG dropped -3.24 points, or -1.77%, and closed at 179.37 on Friday, April 5, 2024. Weekly volume was -36% below average.
 Long-term trend: [See VIG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 132.64 and reached 183.52 on March 21, 2024. VIG gained -50.88 points, or -38.36%, in 75 weeks. The price is now at the 8.16% retracement level.
Medium-term trend: [See VIG medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 149.67 and reached 183.52 on March 21, 2024. VIG gained -33.85 points, or -22.62%, in 20 weeks. The price is now at the 12.26% retracement level.
 Weekly Technical Indicators: [See VIG 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. 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. 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 November 24, 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 VIG short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 183.02 and reached 177.87 on April 4, 2024. VIG lost 5.15 points, or 2.81%, in 7 days. The price is now at the 29.13% retracement level.
 Daily Technical Indicators: [See VIG daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.
The daily MACD line is below its signal line since March 22, 2024. This is an indication that the short-term trend is down.
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.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
 Candlestick pattern: [See VIG candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.
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