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Archive
- 5/10/2024 -
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Vanguard Value ETF (VTV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Vanguard Value ETF (VTV). During the week, the VTV gained 3.64 points, or 2.31%, and closed at 161.40 on Friday, May 10, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was -36% below average.
 Long-term trend: [See VTV long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 122.54 and reached 163.30 on March 28, 2024. VTV gained -40.76 points, or -33.26%, in 76 weeks. Price is near the trend high.
 Medium-term trend: [See VTV medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 163.30 and reached 154.12 on April 17, 2024. VTV lost 9.18 points, or 5.62%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (156.61) 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. VTV 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 medium-term trend.
 Weekly Technical Indicators: [See VTV weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 26, 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 VTV short-term trend chart]
A short-term uptrend had started on May 2, 2024 at 155.73 and reached 161.63 on May 10, 2024. VTV gained -5.90 points, or -3.79%, in 8 days. Price is near the trend high.
 Daily Technical Indicators: [See VTV 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 price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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