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Uptrend Broken SupportArchive - 4/19/2024 - Sign In to see current Signals. |
Vanguard Health Care ETF (VHT) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Vanguard Health Care ETF (VHT). During the week, the VHT gave back -1.44 points, or -0.57%, and closed at 253.33 on Friday, April 19, 2024. VHT was trading at average weekly trading volume. Long-term trend: [See VHT long-term trend chart] A long-term uptrend had started on June 16, 2022 at 217.23 and reached 271.53 on March 28, 2024. VHT gained -54.30 points, or -25.00%, in 93 weeks. The price is now at the 33.52% retracement level. Medium-term trend: [See VHT medium-term trend chart] A medium-term downtrend had started on March 28, 2024 at 271.53 and reached 252.45 on April 19, 2024. VHT lost 19.08 points, or 7.03%, in 3 weeks. Price is near the trend low. Weekly Technical Indicators: [See VHT weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help. Short-term trend: [See VHT short-term trend chart] A short-term downtrend had started on April 9, 2024 at 263.05 and reached 252.45 on April 19, 2024. VHT lost 10.60 points, or 4.03%, in 10 days. The price is now at the 8.30% retracement level. Daily Technical Indicators: [See VHT daily technical indicators chart] Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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, Relative Strength Index and Williams' Percentage Range help. The daily MACD line is below its signal line since February 28, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
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