The Greedy Trader Weekly Analysis
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- 5/17/2024 -
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Vanguard Total Stock Market ETF (VTI) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceTrend resistance at 259.86
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a fourth positive week after 3 consecutive negative weeks for the Vanguard Total Stock Market ETF (VTI). During the week, the VTI gained 4.25 points, or 1.65%, and closed at 262.30 on Friday, May 17, 2024. Weekly volume was -26% below average.

Long-term trend: [See VTI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 174.84 and reached 263.28 on May 16, 2024. VTI gained -88.44 points, or -50.58%, in 83 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (259.86). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See VTI medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 202.44 and reached 263.28 on May 16, 2024. VTI gained -60.84 points, or -30.05%, in 28 weeks. Price is near the trend high.

Weekly Technical Indicators: [See VTI 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. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 weekly MACD line is below its signal line since April 12, 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 VTI short-term trend chart]
A short-term uptrend had started on May 1, 2024 at 247.60 and reached 263.28 on May 16, 2024. VTI gained -15.68 points, or -6.33%, in 15 days. The price is now at the 6.25% retracement level.

Daily Technical Indicators: [See VTI 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.

The daily MACD line is above its signal line since May 2, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.83
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 92.33
Strong Overbought
Greed/Fear Indicator (GFI) 86.28
Overbought
Moving Average Converg./Diverg. (MACD) 1.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.57
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 51.90
Bearish
Greed/Fear Indicator (GFI) 68.08
Moving Average Converg./Diverg. (MACD) 8.36
Trading Signals
Description Value Chart
Upper Bollinger Band 266.03
Daily Stochastic Crossing 262.67
Price 262.30
Quarterly Trendline Resistance 259.86
Parabolic System 259.46
Weekly Stochastic Crossing 255.67
50 Day Moving Average 255.06
20 Day Moving Average 254.65
Lower Bollinger Band 246.84
Quarterly Trendline Support 217.02
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 247.60
Low Date 05/01/2024
High 263.28
High Date 05/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 244.57
Low Date 04/19/2024
High 263.28
High Date 05/16/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 202.44
Low Date 10/27/2023
High 263.28
High Date 05/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 259.86
Support 217.02
Low 174.84
Low Date 10/13/2022
High 263.28
High Date 05/16/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.76
Low Date 05/06/2010
High 263.28
High Date 05/16/2024
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.