The Greedy Trader Weekly Analysis
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- 5/10/2024 -
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Vanguard Small Cap ETF (VB) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 61.8% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving Average
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It was a third positive week after 3 consecutive negative weeks for the Vanguard Small Cap ETF (VB). During the week, the VB gained 3.80 points, or 1.74%, and closed at 222.54 on Friday, May 10, 2024. VB was trading at average weekly trading volume.

Long-term trend: [See VB long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 168.65 and reached 229.54 on March 28, 2024. VB gained -60.89 points, or -36.10%, in 76 weeks. The price is now at the 11.50% retracement level.

Medium-term trend: [See VB medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 229.54 and reached 209.97 on April 19, 2024. VB lost 19.57 points, or 8.53%, in 3 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See VB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See VB short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 209.97 and reached 224.34 on May 10, 2024. VB gained -14.37 points, or -6.84%, in 21 days. The price is now at the 12.53% retracement level.

Daily Technical Indicators: [See VB 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. 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.

The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.10
Williams' Percentage Range (W%R) 2.40
Strong Overbought
Lane's Stochastic (%D-Slow) 90.10
Strong Overbought
Greed/Fear Indicator (GFI) 85.61
Overbought
Moving Average Converg./Diverg. (MACD) -0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.76
Williams' Percentage Range (W%R) 20.60
Lane's Stochastic (%D-Slow) 40.03
Greed/Fear Indicator (GFI) 57.89
Moving Average Converg./Diverg. (MACD) 6.06
Trading Signals
Description Value Chart
Upper Bollinger Band 226.68
Daily Stochastic Crossing 222.93
Price 222.54
50 Day Moving Average 220.32
Parabolic System 219.02
Weekly Stochastic Crossing 216.64
20 Day Moving Average 216.49
Lower Bollinger Band 211.19
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 209.97
Low Date 04/19/2024
High 224.34
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 229.54
High Date 03/28/2024
Low 209.97
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 174.86
Low Date 10/27/2023
High 229.54
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 168.65
Low Date 10/13/2022
High 229.54
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 241.06
High Date 11/08/2021
Low 168.65
Low Date 10/13/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.