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Archive - 4/5/2024 - Sign In to see current Signals. |
Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares (VTIP) Technical Analysis
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| Summary:
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| | It was the negative week for the Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares (VTIP). During the week, the VTIP gave back -0.01 points, or -0.02%, and closed at 47.88 on Friday, April 5, 2024. Weekly volume was -33% below average. Long-term trend: [See VTIP long-term trend chart] A long-term downtrend had started on September 10, 2021 at 52.82 and reached 46.53 on January 5, 2023. VTIP lost 6.29 points, or 11.91%, in 68 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (46.81) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. VTIP may retest the broken resistance line. It is considered to be a support line now. 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 VTIP medium-term trend chart] A medium-term uptrend had started on February 13, 2024 at 47.37 and reached 47.94 on March 27, 2024. VTIP gained -0.57 points, or -1.20%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 47.81 and resistance is at 47.96. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend. Weekly Technical Indicators: [See VTIP weekly technical indicators chart] Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 weekly MACD line is above its signal line since February 23, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help. Short-term trend: [See VTIP short-term trend chart] A short-term downtrend had started on March 27, 2024 at 47.94 and reached 47.76 on April 2, 2024. VTIP lost 0.18 points, or 0.38%, in 6 days. The price is now at the 66.67% retracement level. Daily Technical Indicators: [See VTIP daily technical indicators chart] Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Williams' Percentage Range help. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. A Parabolic SAR (stop and reversal) indicator (47.78) comes close to the price (47.88). 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 upper 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. Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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