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Uptrend SupportArchive
- 4/19/2024 -
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Vanguard REIT Index ETF (VNQ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Vanguard REIT Index ETF (VNQ). During the week, the VNQ dropped -2.71 points, or -3.32%, and closed at 79.00 on Friday, April 19, 2024. Weekly volume was 8% above average.
 Long-term trend: [See VNQ long-term trend chart]
A long-term uptrend had started on October 30, 2023 at 70.61 and reached 90.09 on December 14, 2023. VNQ gained -19.48 points, or -27.59%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (88.52) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. VNQ may retest the broken support line. It is considered to be a resistance line now. 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 long-term trend.
 Medium-term trend: [See VNQ medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 90.09 and reached 78.27 on April 18, 2024. VNQ lost 11.82 points, or 13.12%, in 18 weeks. The price is now at the 6.18% retracement level.
 Weekly Technical Indicators: [See VNQ weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See VNQ short-term trend chart]
A short-term downtrend had started on March 11, 2024 at 88.07 and reached 78.27 on April 18, 2024. VNQ lost 9.80 points, or 11.13%, in 38 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (81.99) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 short-term trend.
 Daily Technical Indicators: [See VNQ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 14, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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