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Archive
- 5/17/2024 -
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Vanguard European Stock ETF (VGK) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth positive week after 3 consecutive negative weeks for the Vanguard European Stock ETF (VGK). During the week, the VGK gained 1.16 points, or 1.68%, and closed at 70.09 on Friday, May 17, 2024. Weekly volume was -28% below average.
 Long-term trend: [See VGK long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 44.99 and reached 70.31 on May 15, 2024. VGK gained -25.32 points, or -56.28%, in 82 weeks. Price is near the trend high.
Medium-term trend: [See VGK medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 55.06 and reached 70.31 on May 15, 2024. VGK gained -15.25 points, or -27.70%, in 28 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See VGK 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. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 May 3, 2024. 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 VGK short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 64.22 and reached 70.31 on May 15, 2024. VGK gained -6.09 points, or -9.48%, in 29 days. Price is near the trend high.
 Daily Technical Indicators: [See VGK 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.
The daily MACD line is above its signal line since April 25, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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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