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Archive
- 5/10/2024 -
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Vanguard Extended Market Index ETF (VXF) 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 Extended Market Index ETF (VXF). During the week, the VXF gained 2.11 points, or 1.25%, and closed at 170.59 on Friday, May 10, 2024. Weekly volume was 31% above average.
 Long-term trend: [See VXF long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 123.74 and reached 176.20 on March 28, 2024. VXF gained -52.46 points, or -42.40%, in 76 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (136.94) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
 Medium-term trend: [See VXF medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 176.20 and reached 160.67 on April 19, 2024. VXF lost 15.53 points, or 8.81%, in 3 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See VXF 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 VXF short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 160.67 and reached 171.96 on May 10, 2024. VXF gained -11.29 points, or -7.03%, in 21 days. The price is now at the 12.13% retracement level.
 Daily Technical Indicators: [See VXF daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 26, 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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