The Greedy Trader Weekly Analysis
Sign In Jan 22, 2021
Skip Navigation Links
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 1/15/2021 -
Sign In to see current Signals.

Vanguard Energy ETF (VDE)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the Vanguard Energy ETF (VDE). During the week, the VDE gained 2.01 points, or 3.52%, and closed at 59.04 on Friday, January 15, 2021. Weekly volume was 26% above average.

Long-term trend: [See VDE long-term trend chart]
A long-term downtrend had started on August 12, 2020 at 52.58 and reached 36.62 on October 29, 2020. VDE lost 15.96 points, or 30.35%, in 11 weeks. The price is now at the 140.48% retracement level.

Medium-term trend: [See VDE medium-term trend chart]
A medium-term uptrend had started on December 21, 2020 at 50.59 and reached 62.00 on January 14, 2021. VDE gained -11.41 points, or -22.55%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 52.77 and resistance is at 62.62. 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 medium-term trend.

Weekly Technical Indicators: [See VDE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly 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.

The weekly MACD line is above its signal line since December 4, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See VDE short-term trend chart]
A short-term downtrend had started on January 14, 2021 at 62.00 and reached 58.41 on January 15, 2021. VDE lost 3.59 points, or 5.79%, in 1 days. The price is now at the 17.55% retracement level.

Daily Technical Indicators: [See VDE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since January 6, 2021.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.25
Williams' Percentage Range (W%R) 13.90
Overbought
Lane's Stochastic (%D-Slow) 89.55
Overbought
Greed/Fear Indicator (GFI) 82.62
Overbought
Moving Average Converg./Diverg. (MACD) 1.74
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.23
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 85.70
Overbought
Greed/Fear Indicator (GFI) 80.78
Overbought
Moving Average Converg./Diverg. (MACD) 3.38
Trading Signals
Description Value Chart
Monthly Trendline Resistance 62.62
Upper Bollinger Band 62.35
Daily Stochastic Crossing 61.13
Weekly Stochastic Crossing 59.67
Price 59.04
Parabolic System 57.70
20 Day Moving Average 54.90
Monthly Trendline Support 52.77
50 Day Moving Average 51.95
Lower Bollinger Band 49.34
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 62.00
High Date 01/14/2021
Low 58.41
Low Date 01/15/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.00
High Date 01/14/2021
Low 58.41
Low Date 01/15/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 62.62
Support 52.77
Low 50.59
Low Date 12/21/2020
High 62.00
High Date 01/14/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.62
Low Date 10/29/2020
High 62.00
High Date 01/14/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.58
High Date 08/12/2020
Low 36.62
Low Date 10/29/2020
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.

Copyright© 2004-2018 All rights reserved.