The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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Vanguard Utilities ETF (VPU) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend support at 137.68
Daily :Stochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price20 Day Moving Average has crossed above the 50 Day Moving Average
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It was the negative week for the Vanguard Utilities ETF (VPU). During the week, the VPU gave back -0.67 points, or -0.48%, and closed at 137.62 on Friday, March 15, 2024. Weekly volume was -24% below average.

Long-term trend: [See VPU long-term trend chart]
A long-term downtrend had started on September 12, 2022 at 169.52 and reached 118.81 on October 6, 2023. VPU lost 50.71 points, or 29.91%, in 55 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (113.04) is broken. A broken support is considered to be a long-term bullish signal. 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 VPU medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 128.05 and reached 139.70 on March 13, 2024. VPU gained -11.65 points, or -9.10%, in 4 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (137.68) 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 medium-term trend.

Weekly Technical Indicators: [See VPU weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 17, 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 VPU short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 139.70 and reached 136.48 on March 14, 2024. VPU lost 3.22 points, or 2.30%, in 1 days. The price is now at the 35.40% retracement level.

Daily Technical Indicators: [See VPU daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since February 14, 2024. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (136.27) comes close to the price (137.62). It indicates that the trend is getting weaker. 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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.10
Williams' Percentage Range (W%R) 31.40
Lane's Stochastic (%D-Slow) 75.52
Greed/Fear Indicator (GFI) 73.07
Moving Average Converg./Diverg. (MACD) 1.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.21
Williams' Percentage Range (W%R) 33.60
Lane's Stochastic (%D-Slow) 51.42
Greed/Fear Indicator (GFI) 55.85
Moving Average Converg./Diverg. (MACD) -1.44
Trading Signals
Description Value Chart
Monthly Trendline Resistance 140.91
Upper Bollinger Band 140.46
Daily Stochastic Crossing 138.76
Monthly Trendline Support 137.68
Price 137.62
Parabolic System 136.27
20 Day Moving Average 135.46
Weekly Stochastic Crossing 135.02
50 Day Moving Average 134.20
Lower Bollinger Band 131.29
Yearly Trendline Resistance 118.15
Yearly Trendline Support 113.04
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 139.70
High Date 03/13/2024
Low 136.48
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.70
High Date 03/13/2024
Low 136.48
Low Date 03/14/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 140.91
Support 137.68
Low 128.05
Low Date 02/13/2024
High 139.70
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 118.81
Low Date 10/06/2023
High 143.93
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 118.15
Support 113.04
High 169.52
High Date 09/12/2022
Low 118.81
Low Date 10/06/2023
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.