The Greedy Trader Weekly Analysis
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- 4/5/2024 -
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Vanguard Mid Cap ETF (VO) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBullish Harami CandlestickThe Bollinger Bands are historically close together
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It was the negative week for the Vanguard Mid Cap ETF (VO). During the week, the VO dropped -3.96 points, or -1.58%, and closed at 245.90 on Friday, April 5, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was 31% above average.

Long-term trend: [See VO long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 182.88 and reached 250.41 on March 28, 2024. VO gained -67.53 points, or -36.93%, in 76 weeks. The price is now at the 6.68% retracement level.

Medium-term trend: [See VO medium-term trend chart]
A medium-term uptrend had started on May 25, 2023 at 202.03 and reached 250.41 on March 28, 2024. VO gained -48.38 points, or -23.95%, in 44 weeks. The price is now at the 9.32% retracement level.

Weekly Technical Indicators: [See VO 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. 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 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 VO short-term trend chart]
A short-term uptrend had started on January 17, 2024 at 224.86 and reached 250.41 on March 28, 2024. VO gained -25.55 points, or -11.36%, in 71 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See VO 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 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.

The distance between the Bollinger Bands (3.24%) is close to one year low (3.03%). It indicates the period of low volatility of the stock price, and it is considered a buy 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.

Candlestick pattern: [See VO 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.60
Williams' Percentage Range (W%R) 67.30
Lane's Stochastic (%D-Slow) 34.63
Greed/Fear Indicator (GFI) 41.98
Moving Average Converg./Diverg. (MACD) 2.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.74
Bearish
Williams' Percentage Range (W%R) 13.80
Overbought
Lane's Stochastic (%D-Slow) 89.68
Overbought Bearish
Greed/Fear Indicator (GFI) 78.51
Moving Average Converg./Diverg. (MACD) 6.40 Bearish
Trading Signals
Description Value Chart
Parabolic System 250.52
Upper Bollinger Band 248.89
Weekly Stochastic Crossing 247.95
Price 245.90
20 Day Moving Average 245.61
Daily Stochastic Crossing 245.20
Lower Bollinger Band 240.91
50 Day Moving Average 239.69
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 224.86
Low Date 01/17/2024
High 250.41
High Date 03/28/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 202.03
Low Date 05/25/2023
High 250.41
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 197.58
Low Date 03/24/2023
High 250.41
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 182.88
Low Date 10/13/2022
High 250.41
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 261.50
High Date 11/16/2021
Low 182.88
Low Date 10/13/2022
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.