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Archive
- 5/10/2024 -
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Vanguard Large Cap ETF (VV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the Vanguard Large Cap ETF (VV). During the week, the VV gained 4.26 points, or 1.81%, and closed at 239.01 on Friday, May 10, 2024. Weekly volume was -23% below average.
 Long-term trend: [See VV long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 159.02 and reached 241.38 on March 21, 2024. VV gained -82.36 points, or -51.79%, in 75 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (240.76). 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 VV medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 241.38 and reached 226.62 on April 19, 2024. VV lost 14.76 points, or 6.11%, in 4 weeks. The price is now at the 83.94% retracement level.
 Weekly Technical Indicators: [See VV 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 VV short-term trend chart]
A short-term uptrend had started on May 2, 2024 at 229.28 and reached 239.75 on May 10, 2024. VV gained -10.47 points, or -4.57%, in 8 days. The price is now at the 7.07% retracement level.
 Daily Technical Indicators: [See VV 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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