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Archive
- 5/10/2024 -
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Vanguard Pacific Stock ETF (VPL) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was the negative week for the Vanguard Pacific Stock ETF (VPL). During the week, the VPL gave back -0.49 points, or -0.66%, and closed at 74.19 on Friday, May 10, 2024. Weekly volume was -50% below average.
 Long-term trend: [See VPL long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 56.07 and reached 76.75 on March 8, 2024. VPL gained -20.68 points, or -36.88%, in 73 weeks. The price is now at the 12.38% retracement level.
 Medium-term trend: [See VPL medium-term trend chart]
A medium-term downtrend had started on March 8, 2024 at 76.75 and reached 71.21 on April 25, 2024. VPL lost 5.54 points, or 7.22%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 70.00 and resistance is at 75.87. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See VPL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See VPL short-term trend chart]
A short-term uptrend had started on April 25, 2024 at 71.21 and reached 75.21 on May 6, 2024. VPL gained -4.00 points, or -5.62%, in 11 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See VPL daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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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