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Archive - 4/5/2024 - Sign In to see current Signals. |
Vanguard Total Bond Market Index Fund ETF Shares (BND) 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 Total Bond Market Index Fund ETF Shares (BND). During the week, the BND dropped -0.95 points, or -1.31%, and closed at 71.68 on Friday, April 5, 2024. It was the worst weekly loss since October 20, 2023. Weekly volume was 38% above average. Long-term trend: [See BND long-term trend chart] A long-term uptrend had started on October 23, 2023 at 67.99 and reached 73.92 on December 27, 2023. BND gained -5.93 points, or -8.72%, in 9 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level. Medium-term trend: [See BND medium-term trend chart] A medium-term downtrend had started on December 27, 2023 at 73.92 and reached 71.56 on April 3, 2024. BND lost 2.36 points, or 3.19%, in 14 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 70.42 and resistance is at 72.60. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend. Weekly Technical Indicators: [See BND weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help. Short-term trend: [See BND short-term trend chart] A short-term downtrend had started on March 27, 2024 at 72.75 and reached 71.56 on April 3, 2024. BND lost 1.19 points, or 1.64%, in 7 days. The price is now at the 10.08% retracement level. Daily Technical Indicators: [See BND daily technical indicators chart] Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 and Williams' Percentage Range help. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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. The price touches the lower Bollinger Band. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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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