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Archive
- 5/10/2024 -
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Vanguard Financials ETF (VFH) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Vanguard Financials ETF (VFH). During the week, the VFH gained 2.83 points, or 2.87%, and closed at 101.53 on Friday, May 10, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was -65% below average.
 Long-term trend: [See VFH long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 72.96 and reached 102.60 on March 28, 2024. VFH gained -29.64 points, or -40.62%, in 76 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (76.93) 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 VFH medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 73.25 and reached 102.60 on March 28, 2024. VFH gained -29.35 points, or -40.07%, in 52 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 77.93 and resistance is at 105.37. 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 VFH weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 19, 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 VFH short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 102.60 and reached 95.67 on April 16, 2024. VFH lost 6.93 points, or 6.75%, in 19 days. The chart has formed a Symmetric Triangle chart pattern.
 Daily Technical Indicators: [See VFH 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 2, 2024.
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.
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