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Archive - 5/17/2024 - Sign In to see current Signals. |
Vanguard Telecom Services ETF (VOX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a fourth consecutive positive week for the Vanguard Telecom Services ETF (VOX). During the week, the VOX gained 1.97 points, or 1.49%, and closed at 134.14 on Friday, May 17, 2024. It was the best weekly gain since March 22, 2024. Weekly volume was -51% below average. Long-term trend: [See VOX long-term trend chart] A long-term uptrend had started on November 4, 2022 at 78.27 and reached 134.34 on April 4, 2024. VOX gained -56.07 points, or -71.64%, in 73 weeks. Price is near the trend high. Medium-term trend: [See VOX medium-term trend chart] A medium-term uptrend had started on October 26, 2023 at 100.32 and reached 134.34 on April 4, 2024. VOX gained -34.02 points, or -33.91%, in 23 weeks. Price is near the trend high. Weekly Technical Indicators: [See VOX 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 VOX short-term trend chart] A short-term uptrend had started on April 25, 2024 at 122.73 and reached 134.21 on May 17, 2024. VOX gained -11.48 points, or -9.35%, in 22 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (137.26) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend. Daily Technical Indicators: [See VOX 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. 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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