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Uptrend ExhaustionArchive
- 4/19/2024 -
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Vanguard Energy ETF (VDE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Vanguard Energy ETF (VDE). During the week, the VDE dropped -1.77 points, or -1.32%, and closed at 132.25 on Friday, April 19, 2024. Weekly volume was 6% above average.
 Long-term trend: [See VDE long-term trend chart]
A long-term downtrend had started on September 14, 2023 at 131.07 and reached 110.51 on January 18, 2024. VDE lost 20.56 points, or 15.69%, in 18 weeks. The price is now at the 105.74% retracement level.
 Medium-term trend: [See VDE medium-term trend chart]
A medium-term uptrend had started on January 18, 2024 at 110.51 and reached 137.92 on April 12, 2024. VDE gained -27.41 points, or -24.80%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (133.06) 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. VDE 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 medium-term trend.
 Weekly Technical Indicators: [See VDE weekly technical indicators chart]
Weekly Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since February 23, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See VDE short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 130.21 and reached 133.05 on April 19, 2024. VDE gained -2.84 points, or -2.18%, in 2 days. The price is now at the 28.17% retracement level.
 Daily Technical Indicators: [See VDE daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
The daily MACD line is below its signal line since April 11, 2024. The distance between MACD and the signal line is near its high and getting bigger.
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