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Uptrend Broken SupportArchive
- 10/4/2024 -
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Vanguard Growth ETF (VUG) Technical Analysis
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| Summary:
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| | It was a fourth consecutive positive week for the Vanguard Growth ETF (VUG). During the week, the VUG climbed 1.05 points, or 0.27%, and closed at 383.37 on Friday, October 4, 2024. Weekly volume was -14% below average.
 Long-term trend: [See VUG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 203.64 and reached 392.14 on July 10, 2024. VUG gained -188.50 points, or -92.57%, in 90 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 336.73 and resistance is at 416.37. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See VUG medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 330.30 and reached 387.65 on September 26, 2024. VUG gained -57.35 points, or -17.36%, in 7 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 377.00 and resistance is at 389.25. 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 VUG 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 below its signal line since July 26, 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 VUG short-term trend chart]
A short-term downtrend had started on September 26, 2024 at 387.65 and reached 375.61 on October 2, 2024. VUG lost 12.04 points, or 3.11%, in 6 days. The price is now at the 64.45% retracement level.
Daily Technical Indicators: [See VUG 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 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.
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