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- 4/5/2024 -
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Vanguard Extended Market Index ETF (VXF) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergenceBroken trend resistance lineTrend support at 172.02
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Vanguard Extended Market Index ETF (VXF). During the week, the VXF dropped -3.55 points, or -2.03%, and closed at 171.72 on Friday, April 5, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was 10% above average.

Long-term trend: [See VXF long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 123.74 and reached 176.20 on March 28, 2024. VXF gained -52.46 points, or -42.40%, in 76 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (136.19) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 VXF medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 131.80 and reached 176.20 on March 28, 2024. VXF gained -44.40 points, or -33.69%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (172.02) 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 medium-term trend.

Weekly Technical Indicators: [See VXF 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. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 24, 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 VXF short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 176.20 and reached 169.93 on April 4, 2024. VXF lost 6.27 points, or 3.56%, in 7 days. The price is now at the 28.55% retracement level.

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

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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.98
Williams' Percentage Range (W%R) 70.60
Lane's Stochastic (%D-Slow) 31.59
Greed/Fear Indicator (GFI) 39.32
Moving Average Converg./Diverg. (MACD) 1.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.41
Williams' Percentage Range (W%R) 15.40
Overbought
Lane's Stochastic (%D-Slow) 82.58
Overbought Bearish
Greed/Fear Indicator (GFI) 74.57
Moving Average Converg./Diverg. (MACD) 5.71 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 177.13
Parabolic System 176.25
Upper Bollinger Band 175.10
Weekly Stochastic Crossing 173.37
Monthly Trendline Support 172.02
Price 171.72
20 Day Moving Average 171.71
Daily Stochastic Crossing 171.31
50 Day Moving Average 168.46
Lower Bollinger Band 167.74
Quarterly Trendline Resistance 162.80
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 176.20
High Date 03/28/2024
Low 169.93
Low Date 04/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 156.37
Low Date 01/17/2024
High 176.20
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 177.13
Support 172.02
Low 131.80
Low Date 10/27/2023
High 176.20
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 162.80
Support 136.19
Low 123.74
Low Date 10/13/2022
High 176.20
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 200.58
High Date 11/08/2021
Low 123.74
Low Date 10/13/2022
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.