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- 4/5/2024 -
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Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares (VTIP) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaA Parabolic SAR indicator is above and near the pricePrice is close to the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price touches the upper Bollinger Band
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.18
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 56.73
Greed/Fear Indicator (GFI) 70.86
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.91
Williams' Percentage Range (W%R) 26.00
Lane's Stochastic (%D-Slow) 81.37
Overbought
Greed/Fear Indicator (GFI) 71.02
Moving Average Converg./Diverg. (MACD) 0.07
Trading Signals
Description Value Chart
Upper Bollinger Band 47.97
Weekly Trendline Resistance 47.96
Price 47.88
Daily Stochastic Crossing 47.88
Weekly Stochastic Crossing 47.83
Weekly Trendline Support 47.81
20 Day Moving Average 47.81
Parabolic System 47.78
50 Day Moving Average 47.66
Lower Bollinger Band 47.64
Yearly Trendline Support 46.81
Yearly Trendline Resistance 45.51
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 47.94
High Date 03/27/2024
Low 47.76
Low Date 04/02/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 47.96
Support 47.81
Low 47.37
Low Date 02/13/2024
High 47.94
High Date 03/27/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.37
Low Date 01/08/2024
High 47.94
High Date 03/27/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.70
Low Date 10/06/2023
High 48.17
High Date 12/21/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 45.51
Support 46.81
High 52.82
High Date 09/10/2021
Low 46.53
Low Date 01/05/2023
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.