The Greedy Trader Weekly Analysis
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- 4/5/2024 -
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Vanguard Total Stock Market ETF (VTI) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineTrend resistance at 255.32
Daily :The price has fallen below the Parabolic SARBullish Harami Candlestick
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It was the negative week for the Vanguard Total Stock Market ETF (VTI). During the week, the VTI dropped -2.72 points, or -1.05%, and closed at 257.18 on Friday, April 5, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was 10% above average.

Long-term trend: [See VTI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 174.84 and reached 261.07 on March 21, 2024. VTI gained -86.23 points, or -49.32%, in 75 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (255.32). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See VTI medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 202.44 and reached 261.07 on March 21, 2024. VTI gained -58.63 points, or -28.96%, in 20 weeks. The price is now at the 6.63% retracement level.

Weekly Technical Indicators: [See VTI 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 VTI short-term trend chart]
A short-term downtrend had started on March 21, 2024 at 261.07 and reached 254.44 on April 4, 2024. VTI lost 6.63 points, or 2.54%, in 14 days. The price is now at the 41.33% retracement level.

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

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.

Candlestick pattern: [See VTI 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) 58.58
Williams' Percentage Range (W%R) 71.20
Lane's Stochastic (%D-Slow) 36.25
Greed/Fear Indicator (GFI) 41.21
Moving Average Converg./Diverg. (MACD) 2.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.08
Williams' Percentage Range (W%R) 12.80
Overbought
Lane's Stochastic (%D-Slow) 89.58
Overbought
Greed/Fear Indicator (GFI) 79.69
Moving Average Converg./Diverg. (MACD) 8.80
Trading Signals
Description Value Chart
Parabolic System 261.19
Upper Bollinger Band 260.41
Weekly Stochastic Crossing 259.04
Price 257.18
20 Day Moving Average 257.04
Daily Stochastic Crossing 255.99
Quarterly Trendline Resistance 255.32
Lower Bollinger Band 252.33
50 Day Moving Average 251.80
Quarterly Trendline Support 210.19
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 260.58
High Date 03/28/2024
Low 254.44
Low Date 04/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 261.07
High Date 03/21/2024
Low 254.44
Low Date 04/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 202.44
Low Date 10/27/2023
High 261.07
High Date 03/21/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 255.32
Support 210.19
Low 174.84
Low Date 10/13/2022
High 261.07
High Date 03/21/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 244.06
High Date 01/04/2022
Low 174.84
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.