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Archive
- 5/10/2024 -
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Vanguard High Dividend Yield Index Fund ETF Shares (VYM) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Vanguard High Dividend Yield Index Fund ETF Shares (VYM). During the week, the VYM gained 2.74 points, or 2.34%, and closed at 119.87 on Friday, May 10, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was -42% below average.
 Long-term trend: [See VYM long-term trend chart]
A long-term uptrend had started on May 6, 2010 at 17.04 and reached 121.29 on March 28, 2024. VYM gained -104.25 points, or -611.80%, in 725 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 104.17 and resistance is at 126.32. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See VYM medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 121.29 and reached 114.37 on April 17, 2024. VYM lost 6.92 points, or 5.71%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (116.53) 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. VYM 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 VYM 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 VYM short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 114.37 and reached 120.00 on May 10, 2024. VYM gained -5.63 points, or -4.92%, in 23 days. Price is near the trend high.
 Daily Technical Indicators: [See VYM 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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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