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Archive - 12/13/2024 - Sign In to see current Signals. |
Vanguard High Dividend Yield Index Fund ETF Shares (VYM) Technical Analysis
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| Summary:
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| | It was the negative week for the Vanguard High Dividend Yield Index Fund ETF Shares (VYM). During the week, the VYM gave back -0.90 points, or -0.68%, and closed at 131.90 on Friday, December 13, 2024. Weekly volume was 32% above average. Long-term trend: [See VYM long-term trend chart] A long-term uptrend had started on May 6, 2010 at 17.04 and reached 135.07 on November 29, 2024. VYM gained -118.03 points, or -692.66%, in 760 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (130.06). 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 VYM medium-term trend chart] A medium-term uptrend had started on October 27, 2023 at 98.40 and reached 135.07 on November 29, 2024. VYM gained -36.67 points, or -37.27%, in 57 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 129.30 and resistance is at 135.64. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend. Weekly Technical Indicators: [See VYM 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 August 16, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help. Short-term trend: [See VYM short-term trend chart] A short-term uptrend had started on April 17, 2024 at 114.37 and reached 135.07 on November 29, 2024. VYM gained -20.70 points, or -18.10%, in 226 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 130.07 and resistance is at 135.69. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend. Daily Technical Indicators: [See VYM daily technical indicators chart] Daily Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Lane's Stochastic. The daily MACD line is below its signal line since December 3, 2024. 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. Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
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