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- 12/13/2024 -
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Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price touches the lower Bollinger Band
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It was the negative week for the Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB). During the week, the VTEB dropped -0.58 points, or -1.14%, and closed at 50.50 on Friday, December 13, 2024. Weekly volume was 28% above average.

Long-term trend: [See VTEB long-term trend chart]
A long-term downtrend had started on July 20, 2021 at 55.67 and reached 47.14 on October 30, 2023. VTEB lost 8.53 points, or 15.32%, in 118 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (46.85) 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 VTEB medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 47.14 and reached 51.17 on September 18, 2024. VTEB gained -4.03 points, or -8.55%, in 46 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (51.82) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since October 18, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See VTEB short-term trend chart]
A short-term downtrend had started on December 6, 2024 at 51.09 and reached 50.44 on December 13, 2024. VTEB lost 0.65 points, or 1.27%, in 7 days. The price is now at the 9.23% retracement level.

Daily Technical Indicators: [See VTEB 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.

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 price touches the lower Bollinger Band. 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 44.92
Williams' Percentage Range (W%R) 58.70
Lane's Stochastic (%D-Slow) 39.43
Greed/Fear Indicator (GFI) 41.89
Moving Average Converg./Diverg. (MACD) 0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.91
Williams' Percentage Range (W%R) 35.40
Lane's Stochastic (%D-Slow) 71.68
Greed/Fear Indicator (GFI) 60.42
Moving Average Converg./Diverg. (MACD) 0.10
Trading Signals
Description Value Chart
Quarterly Trendline Support 51.82
Upper Bollinger Band 51.20
Quarterly Trendline Resistance 51.18
Parabolic System 51.08
20 Day Moving Average 50.81
Weekly Stochastic Crossing 50.78
Daily Stochastic Crossing 50.63
50 Day Moving Average 50.62
Price 50.50
Lower Bollinger Band 50.36
Yearly Trendline Support 46.85
Yearly Trendline Resistance 45.60
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 51.09
High Date 12/06/2024
Low 50.44
Low Date 12/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 49.70
Low Date 11/06/2024
High 51.09
High Date 12/06/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.17
High Date 09/18/2024
Low 49.70
Low Date 11/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 51.18
Support 51.82
Low 47.14
Low Date 10/30/2023
High 51.17
High Date 09/18/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 45.60
Support 46.85
High 55.67
High Date 07/20/2021
Low 47.14
Low Date 10/30/2023
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.