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Archive
- 4/5/2024 -
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Vanguard Emerging Markets Stock ETF (VWO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Vanguard Emerging Markets Stock ETF (VWO). During the week, the VWO climbed 0.35 points, or 0.84%, and closed at 42.12 on Friday, April 5, 2024. It was the best weekly gain since February 23, 2024. Weekly volume was 31% above average.
 Long-term trend: [See VWO long-term trend chart]
A long-term downtrend had started on November 15, 2021 at 52.21 and reached 34.88 on October 24, 2022. VWO lost 17.33 points, or 33.19%, in 49 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (42.59). 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 VWO medium-term trend chart]
A medium-term uptrend had started on October 24, 2022 at 34.88 and reached 43.22 on January 26, 2023. VWO gained -8.34 points, or -23.91%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (42.59). 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 medium-term trend.
 Weekly Technical Indicators: [See VWO 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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 17, 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 VWO short-term trend chart]
A short-term uptrend had started on January 17, 2024 at 38.83 and reached 42.58 on April 4, 2024. VWO gained -3.75 points, or -9.66%, in 78 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (42.02) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.
 Daily Technical Indicators: [See VWO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 14, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
The price touches the upper Bollinger Band. The distance between the Bollinger Bands (1.99%) is close to one year low (2.20%). It is 62.43% 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.
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