Vanguard Small Cap Growth ETF (VBK)
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|It was the negative week for the Vanguard Small Cap Growth ETF (VBK). During the week, the VBK gave back -1.36 points, or -0.63%, and closed at 214.62 on Friday, May 26, 2023. Weekly volume was -42% below average. |
Long-term trend: [See VBK long-term trend chart]
A long-term downtrend had started on November 8, 2021 at 306.78 and reached 186.95 on June 16, 2022. VBK lost 119.83 points, or 39.06%, in 31 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 190.65 and resistance is at 238.81. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a long-term trend.
Medium-term trend: [See VBK medium-term trend chart]
A medium-term uptrend had started on June 16, 2022 at 186.95 and reached 237.97 on August 16, 2022. VBK gained -51.02 points, or -27.29%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 190.65 and resistance is at 233.56. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
Weekly Technical Indicators: [See VBK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 12, 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 VBK short-term trend chart]
A short-term uptrend had started on March 13, 2023 at 202.50 and reached 219.63 on May 23, 2023. VBK gained -17.13 points, or -8.46%, in 71 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 210.54 and resistance is at 219.77. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
Daily Technical Indicators: [See VBK 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 distance between the Bollinger Bands (4.03%) is close to one year low (3.98%). It is 63.62% 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.
Price is close to the 50 Day Moving Average. 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.