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Archive
- 5/17/2024 -
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Vanguard Mid Cap ETF (VO) 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 Mid Cap ETF (VO). During the week, the VO gained 2.97 points, or 1.21%, and closed at 248.71 on Friday, May 17, 2024. Weekly volume was -14% below average.
 Long-term trend: [See VO long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 182.88 and reached 250.41 on March 28, 2024. VO gained -67.53 points, or -36.93%, in 76 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 233.42 and resistance is at 253.90. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See VO medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 197.58 and reached 250.41 on March 28, 2024. VO gained -52.83 points, or -26.74%, in 52 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 227.49 and resistance is at 255.99. 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 VO 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 VO short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 234.18 and reached 249.38 on May 16, 2024. VO gained -15.20 points, or -6.49%, in 27 days. Price is near the trend high.
 Daily Technical Indicators: [See VO daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic 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.
A Parabolic SAR (stop and reversal) indicator (246.43) comes close to the price (248.71). It indicates that the trend is getting weaker. 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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
234.18 |
| Low Date |
04/19/2024 |
| High |
249.38 |
| High Date |
05/16/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
250.41 |
| High Date |
03/28/2024 |
| Low |
234.18 |
| Low Date |
04/19/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
255.99 |
| Support |
227.49 |
| Low |
197.58 |
| Low Date |
03/24/2023 |
| High |
250.41 |
| High Date |
03/28/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
253.90 |
| Support |
233.42 |
| Low |
182.88 |
| Low Date |
10/13/2022 |
| High |
250.41 |
| High Date |
03/28/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
261.50 |
| High Date |
11/16/2021 |
| Low |
182.88 |
| Low Date |
10/13/2022 |
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