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Advanced TA SearchArchive
- 5/3/2024 -
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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 second consecutive positive week for the Vanguard Emerging Markets Stock ETF (VWO). During the week, the VWO gained 1.31 points, or 3.10%, and closed at 43.63 on Friday, May 3, 2024. Weekly volume was -8% below 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 downtrend resistance line (37.28) 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. VWO 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 VWO medium-term trend chart]
A medium-term uptrend had started on October 24, 2022 at 34.88 and reached 43.65 on May 3, 2024. VWO gained -8.77 points, or -25.14%, in 79 weeks. The chart has formed a Falling Channel chart pattern. The uptrend resistance line (37.28) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See VWO weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and 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 April 16, 2024 at 40.72 and reached 43.65 on May 3, 2024. VWO gained -2.93 points, or -7.20%, in 17 days. Price is near the trend high.
 Daily Technical Indicators: [See VWO daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since April 25, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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.
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