The Greedy Trader Weekly Analysis
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- 5/17/2024 -
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Vanguard Telecom Services ETF (VOX) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overbought
Daily :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are strongly overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.90
Williams' Percentage Range (W%R) 2.50
Strong Overbought
Lane's Stochastic (%D-Slow) 93.82
Strong Overbought
Greed/Fear Indicator (GFI) 89.06
Overbought
Moving Average Converg./Diverg. (MACD) 0.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.29
Williams' Percentage Range (W%R) 2.30
Strong Overbought
Lane's Stochastic (%D-Slow) 58.73
Greed/Fear Indicator (GFI) 70.45
Moving Average Converg./Diverg. (MACD) 5.32
Trading Signals
Description Value Chart
Weekly Trendline Support 137.26
Weekly Trendline Resistance 136.80
Upper Bollinger Band 136.63
Price 134.14
Daily Stochastic Crossing 134.04
Parabolic System 131.81
20 Day Moving Average 130.60
50 Day Moving Average 130.44
Weekly Stochastic Crossing 130.34
Lower Bollinger Band 126.34
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 130.89
Low Date 05/08/2024
High 134.21
High Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 136.80
Support 137.26
Low 122.73
Low Date 04/25/2024
High 134.21
High Date 05/17/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 100.32
Low Date 10/26/2023
High 134.34
High Date 04/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 78.27
Low Date 11/04/2022
High 134.34
High Date 04/04/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 145.39
High Date 11/05/2021
Low 78.27
Low Date 11/04/2022
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.