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Archive
- 5/10/2024 -
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Vanguard Utilities ETF (VPU) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the Vanguard Utilities ETF (VPU). During the week, the VPU gained 5.91 points, or 3.97%, and closed at 154.59 on Friday, May 10, 2024. Weekly volume was -11% below average.
 Long-term trend: [See VPU long-term trend chart]
A long-term downtrend had started on September 12, 2022 at 169.52 and reached 118.81 on October 6, 2023. VPU lost 50.71 points, or 29.91%, in 55 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (110.99) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. VPU may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a long-term trend.
 Medium-term trend: [See VPU medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 118.81 and reached 155.79 on May 10, 2024. VPU gained -36.98 points, or -31.13%, in 31 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See VPU weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
Short-term trend: [See VPU short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 135.67 and reached 155.79 on May 10, 2024. VPU gained -20.12 points, or -14.83%, in 24 days. The price is now at the 5.96% retracement level.
 Daily Technical Indicators: [See VPU daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since April 22, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
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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 |
143.53 |
| Low Date |
04/26/2024 |
| High |
155.79 |
| High Date |
05/10/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
135.67 |
| Low Date |
04/16/2024 |
| High |
155.79 |
| High Date |
05/10/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
128.05 |
| Low Date |
02/13/2024 |
| High |
155.79 |
| High Date |
05/10/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
118.81 |
| Low Date |
10/06/2023 |
| High |
155.79 |
| High Date |
05/10/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
112.86 |
| Support |
110.99 |
| High |
169.52 |
| High Date |
09/12/2022 |
| Low |
118.81 |
| Low Date |
10/06/2023 |
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