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Downtrend ResistanceArchive
- 5/10/2024 -
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Vanguard Small Cap Value ETF (VBR) Technical Analysis
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| Summary:
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| | It was a third positive week after 3 consecutive negative weeks for the Vanguard Small Cap Value ETF (VBR). During the week, the VBR gained 3.95 points, or 2.14%, and closed at 188.19 on Friday, May 10, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was -28% below average.
 Long-term trend: [See VBR long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 142.53 and reached 192.44 on March 28, 2024. VBR gained -49.91 points, or -35.02%, in 78 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (152.53) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a long-term trend.
 Medium-term trend: [See VBR medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 147.94 and reached 192.44 on March 28, 2024. VBR gained -44.50 points, or -30.08%, in 52 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 149.51 and resistance is at 195.57. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See VBR weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 April 12, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See VBR short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 192.44 and reached 177.15 on April 18, 2024. VBR lost 15.29 points, or 7.95%, in 21 days. The price is now at the 72.20% retracement level.
 Daily Technical Indicators: [See VBR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 1, 2024.
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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