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- 3/15/2024 -
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Vanguard Emerging Markets Government Bond ETF (VWOB) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is overbought
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Vanguard Emerging Markets Government Bond ETF (VWOB). During the week, the VWOB dropped -0.65 points, or -1.02%, and closed at 62.88 on Friday, March 15, 2024. It was the worst weekly loss since January 19, 2024. VWOB was trading at average weekly trading volume.

Long-term trend: [See VWOB long-term trend chart]
A long-term uptrend had started on October 21, 2022 at 55.45 and reached 64.65 on February 2, 2023. VWOB gained -9.20 points, or -16.59%, in 14 weeks. The price is now at the 19.24% retracement level.

Medium-term trend: [See VWOB medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 61.72 and reached 63.71 on March 8, 2024. VWOB gained -1.99 points, or -3.22%, in 3 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (63.26) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See VWOB 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 above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See VWOB short-term trend chart]
A short-term downtrend had started on March 8, 2024 at 63.71 and reached 62.85 on March 15, 2024. VWOB lost 0.86 points, or 1.35%, in 7 days. Price is near the trend low.

Daily Technical Indicators: [See VWOB daily technical indicators chart]
Daily technical indicators are neutral. 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 52.72
Williams' Percentage Range (W%R) 44.50
Lane's Stochastic (%D-Slow) 50.86
Greed/Fear Indicator (GFI) 53.02
Moving Average Converg./Diverg. (MACD) 0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.21
Williams' Percentage Range (W%R) 18.40
Overbought
Lane's Stochastic (%D-Slow) 49.84
Greed/Fear Indicator (GFI) 59.33
Moving Average Converg./Diverg. (MACD) 0.49
Trading Signals
Description Value Chart
Monthly Trendline Resistance 64.04
Upper Bollinger Band 63.77
Parabolic System 63.74
Monthly Trendline Support 63.26
Daily Stochastic Crossing 63.23
20 Day Moving Average 62.94
Price 62.88
Weekly Stochastic Crossing 62.84
50 Day Moving Average 62.72
Lower Bollinger Band 62.25
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 63.71
High Date 03/08/2024
Low 62.85
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.71
High Date 03/08/2024
Low 62.85
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 64.04
Support 63.26
Low 61.72
Low Date 02/13/2024
High 63.71
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.18
Low Date 10/19/2023
High 64.31
High Date 12/21/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.45
Low Date 10/21/2022
High 64.65
High Date 02/02/2023
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.