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Archive
- 5/10/2024 -
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Vanguard Emerging Markets Government Bond ETF (VWOB) 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 Emerging Markets Government Bond ETF (VWOB). During the week, the VWOB climbed 0.10 points, or 0.16%, and closed at 63.14 on Friday, May 10, 2024. Weekly volume was -52% below average.
 Long-term trend: [See VWOB long-term trend chart]
A long-term uptrend had started on October 19, 2023 at 57.18 and reached 64.50 on March 22, 2024. VWOB gained -7.32 points, or -12.80%, in 22 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (65.23) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See VWOB medium-term trend chart]
A medium-term downtrend had started on March 22, 2024 at 64.50 and reached 61.48 on April 16, 2024. VWOB lost 3.02 points, or 4.68%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (61.74) 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. VWOB 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 VWOB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 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 VWOB short-term trend chart]
A short-term uptrend had started on May 1, 2024 at 61.64 and reached 63.42 on May 7, 2024. VWOB gained -1.78 points, or -2.89%, in 6 days. The price is now at the 15.73% retracement level.
 Daily Technical Indicators: [See VWOB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (62.87) comes close to the price (63.14). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
Price is close to the 50 Day Moving Average. While 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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