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Uptrend Broken SupportArchive
- 5/10/2024 -
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Vanguard Energy ETF (VDE) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a first positive week for the Vanguard Energy ETF (VDE). During the week, the VDE gained 1.80 points, or 1.39%, and closed at 130.97 on Friday, May 10, 2024. Weekly volume was -34% below average.
 Long-term trend: [See VDE long-term trend chart]
A long-term uptrend had started on March 16, 2023 at 104.17 and reached 137.92 on April 12, 2024. VDE gained -33.75 points, or -32.40%, in 56 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 112.87 and resistance is at 147.22. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See VDE medium-term trend chart]
A medium-term downtrend had started on April 12, 2024 at 137.92 and reached 127.49 on May 1, 2024. VDE lost 10.43 points, or 7.56%, in 2 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 125.24 and resistance is at 131.62. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See VDE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 23, 2024. 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 May 1, 2024 at 127.49 and reached 132.60 on May 10, 2024. VDE gained -5.11 points, or -4.01%, in 9 days. The price is now at the 31.90% retracement level.
Daily Technical Indicators: [See VDE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 11, 2024.
The price is close to 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.
Price is close to the 50 Day Moving Average. 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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