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- 3/15/2024 -
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Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :A Parabolic SAR indicator is above and near the pricePrice has crossed below the 50 Day Moving AverageBullish Matching Low CandlestickThe price touches the lower Bollinger BandThe Bollinger Bands are historically close together
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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 gave back -0.18 points, or -0.35%, and closed at 50.61 on Friday, March 15, 2024. It was the worst weekly loss since January 19, 2024. Weekly volume was -34% below 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 (47.04) 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 VTEB medium-term trend chart]
A medium-term downtrend had started on December 27, 2023 at 51.15 and reached 50.35 on January 24, 2024. VTEB lost 0.80 points, or 1.56%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 50.48 and resistance is at 51.04. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See VTEB weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since November 17, 2023. 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 March 13, 2024 at 50.86 and reached 50.56 on March 15, 2024. VTEB lost 0.30 points, or 0.59%, in 2 days. The price is now at the 16.67% retracement level.

Daily Technical Indicators: [See VTEB daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since March 6, 2024. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (50.51) comes close to the price (50.61). 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.

The price touches the lower Bollinger Band. The distance between the Bollinger Bands (0.55%) is close to one year low (0.55%). It is 76.19% lower than one year average. 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.

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.

Candlestick pattern: [See VTEB candlestick chart pattern]
On Friday the chart has formed a Bullish Matching Low Candlestick pattern. This pattern occurs in a downtrend. The pattern suggests a short-term support, and it is a possible reversal signal. The reliability of the Bullish Matching Low Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Matching Low Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.89
Williams' Percentage Range (W%R) 62.90
Lane's Stochastic (%D-Slow) 58.12
Greed/Fear Indicator (GFI) 47.72
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.15
Williams' Percentage Range (W%R) 12.70
Overbought
Lane's Stochastic (%D-Slow) 44.48
Greed/Fear Indicator (GFI) 59.81
Moving Average Converg./Diverg. (MACD) 0.32
Trading Signals
Description Value Chart
Monthly Trendline Resistance 51.04
Upper Bollinger Band 50.83
Daily Stochastic Crossing 50.71
20 Day Moving Average 50.69
50 Day Moving Average 50.69
Weekly Stochastic Crossing 50.68
Price 50.61
Lower Bollinger Band 50.55
Parabolic System 50.51
Monthly Trendline Support 50.48
Yearly Trendline Resistance 47.82
Yearly Trendline Support 47.04
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 50.86
High Date 03/13/2024
Low 50.56
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.40
Low Date 02/13/2024
High 50.86
High Date 03/13/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 51.04
Support 50.48
High 51.15
High Date 12/27/2023
Low 50.35
Low Date 01/24/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.14
Low Date 10/30/2023
High 51.15
High Date 12/27/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 47.82
Support 47.04
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.