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Archive
- 5/10/2024 -
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Vanguard Dividend Appreciation ETF (VIG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the Vanguard Dividend Appreciation ETF (VIG). During the week, the VIG gained 4.20 points, or 2.37%, and closed at 181.14 on Friday, May 10, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was -36% below average.
 Long-term trend: [See VIG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 132.64 and reached 183.52 on March 21, 2024. VIG gained -50.88 points, or -38.36%, in 75 weeks. Price is near the trend high.
 Medium-term trend: [See VIG medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 183.52 and reached 173.17 on April 17, 2024. VIG lost 10.35 points, or 5.64%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (174.31) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. VIG may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.
 Weekly Technical Indicators: [See VIG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 12, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See VIG short-term trend chart]
A short-term uptrend had started on May 2, 2024 at 173.91 and reached 181.30 on May 10, 2024. VIG gained -7.39 points, or -4.25%, in 8 days. Price is near the trend high.
 Daily Technical Indicators: [See VIG 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. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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.
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