The Greedy Trader Weekly Analysis
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- 5/10/2024 -
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Vanguard Mid-Cap Growth ETF (VOT) Technical Analysis

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Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving Average
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It was a third positive week after 3 consecutive negative weeks for the Vanguard Mid-Cap Growth ETF (VOT). During the week, the VOT gained 3.04 points, or 1.34%, and closed at 230.36 on Friday, May 10, 2024. Weekly volume was 32% above average.

Long-term trend: [See VOT long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 163.55 and reached 236.47 on March 28, 2024. VOT gained -72.92 points, or -44.59%, in 76 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 214.50 and resistance is at 238.55. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See VOT medium-term trend chart]
A medium-term uptrend had started on March 13, 2023 at 181.21 and reached 236.47 on March 28, 2024. VOT gained -55.26 points, or -30.50%, in 54 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 217.72 and resistance is at 241.61. 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 VOT weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 12, 2024. Use the following link to access a MACD help.

Short-term trend: [See VOT short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 217.79 and reached 231.55 on May 10, 2024. VOT gained -13.76 points, or -6.32%, in 21 days. The price is now at the 8.65% retracement level.

Daily Technical Indicators: [See VOT 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. 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 daily MACD line is above its signal line since April 26, 2024. This is an indication that the short-term trend is up.

During the last week, the price 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.40
Williams' Percentage Range (W%R) 3.00
Strong Overbought
Lane's Stochastic (%D-Slow) 91.65
Strong Overbought
Greed/Fear Indicator (GFI) 87.02
Overbought
Moving Average Converg./Diverg. (MACD) -0.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.28
Williams' Percentage Range (W%R) 21.10
Lane's Stochastic (%D-Slow) 46.20
Greed/Fear Indicator (GFI) 59.49
Moving Average Converg./Diverg. (MACD) 6.94
Trading Signals
Description Value Chart
Monthly Trendline Resistance 241.61
Quarterly Trendline Resistance 238.55
Upper Bollinger Band 234.40
Daily Stochastic Crossing 230.58
Price 230.36
50 Day Moving Average 229.43
Parabolic System 227.48
20 Day Moving Average 225.43
Weekly Stochastic Crossing 225.18
Lower Bollinger Band 220.87
Monthly Trendline Support 217.72
Quarterly Trendline Support 214.50
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 217.79
Low Date 04/19/2024
High 231.55
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 236.47
High Date 03/28/2024
Low 217.79
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 241.61
Support 217.72
Low 181.21
Low Date 03/13/2023
High 236.47
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 238.55
Support 214.50
Low 163.55
Low Date 10/13/2022
High 236.47
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 265.87
High Date 11/16/2021
Low 163.55
Low Date 10/13/2022
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.