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Uptrend Broken SupportArchive
- 4/26/2024 -
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Vanguard International High Dividend Yield Index Fund ETF Shares (VYMI) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Vanguard International High Dividend Yield Index Fund ETF Shares (VYMI). During the week, the VYMI gained 1.39 points, or 2.08%, and closed at 68.24 on Friday, April 26, 2024. It was the best weekly gain since November 17, 2023. Weekly volume was -31% below average.
 Long-term trend: [See VYMI long-term trend chart]
A long-term downtrend had started on February 10, 2022 at 71.37 and reached 51.24 on October 13, 2022. VYMI lost 20.13 points, or 28.21%, in 35 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (62.98) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. VYMI may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.
 Medium-term trend: [See VYMI medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 59.20 and reached 69.50 on April 9, 2024. VYMI gained -10.30 points, or -17.40%, in 23 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (70.43) is broken. A broken support is considered to be a long-term bearish signal. 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 VYMI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See VYMI short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 65.99 and reached 68.28 on April 26, 2024. VYMI gained -2.29 points, or -3.47%, in 10 days. Price is near the trend high.
 Daily Technical Indicators: [See VYMI daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
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