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Archive
- 5/10/2024 -
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Vanguard Growth ETF (VUG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third positive week after 4 consecutive negative weeks for the Vanguard Growth ETF (VUG). During the week, the VUG gained 4.82 points, or 1.42%, and closed at 343.81 on Friday, May 10, 2024. Weekly volume was -33% below average.
 Long-term trend: [See VUG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 203.64 and reached 348.88 on March 21, 2024. VUG gained -145.24 points, or -71.32%, in 75 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 290.58 and resistance is at 363.24. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See VUG medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 348.88 and reached 321.29 on April 19, 2024. VUG lost 27.59 points, or 7.91%, in 4 weeks. The price is now at the 81.62% retracement level.
 Weekly Technical Indicators: [See VUG 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 12, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See VUG short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 321.29 and reached 345.68 on May 10, 2024. VUG gained -24.39 points, or -7.59%, in 21 days. The price is now at the 7.67% retracement level.
 Daily Technical Indicators: [See VUG 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 1, 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.
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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 |
327.77 |
| Low Date |
05/01/2024 |
| High |
345.68 |
| 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 |
321.29 |
| Low Date |
04/19/2024 |
| High |
345.68 |
| High Date |
05/10/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
348.88 |
| High Date |
03/21/2024 |
| Low |
321.29 |
| Low Date |
04/19/2024 |
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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 |
260.65 |
| Low Date |
10/26/2023 |
| High |
348.88 |
| High Date |
03/21/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
363.24 |
| Support |
290.58 |
| Low |
203.64 |
| Low Date |
10/13/2022 |
| High |
348.88 |
| High Date |
03/21/2024 |
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