- 11/24/2023 -
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Vanguard Small Cap Growth ETF (VBK) Technical Analysis
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|It was a second consecutive positive week for the Vanguard Small Cap Growth ETF (VBK). During the week, the VBK gained 2.65 points, or 1.24%, and closed at 217.19 on Friday, November 24, 2023. Weekly volume was 7% above average. |
Long-term trend: [See VBK long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 186.95 and reached 240.76 on July 19, 2023. VBK gained -53.81 points, or -28.78%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 192.60 and resistance is at 242.58. 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 long-term trend.
Medium-term trend: [See VBK medium-term trend chart]
A medium-term downtrend had started on July 19, 2023 at 240.76 and reached 195.63 on October 30, 2023. VBK lost 45.13 points, or 18.74%, in 14 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (218.51). 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 medium-term trend.
Weekly Technical Indicators: [See VBK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since August 18, 2023. This is an indication that the medium-term trend is down. 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 October 30, 2023 at 195.63 and reached 218.83 on November 15, 2023. VBK gained -23.20 points, or -11.86%, in 16 days. The price is now at the 7.07% retracement level.
Daily Technical Indicators: [See VBK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since November 1, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.