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Archive
- 4/5/2024 -
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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 the negative week for the Vanguard Emerging Markets Government Bond ETF (VWOB). During the week, the VWOB gave back -0.29 points, or -0.45%, and closed at 63.56 on Friday, April 5, 2024. Weekly volume was 405% above average.
 Long-term trend: [See VWOB long-term trend chart]
A long-term uptrend had started on October 21, 2022 at 55.45 and reached 64.65 on February 2, 2023. VWOB gained -9.20 points, or -16.59%, in 14 weeks. The price is now at the 11.85% retracement level.
 Medium-term trend: [See VWOB medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 61.72 and reached 64.50 on March 22, 2024. VWOB gained -2.78 points, or -4.50%, in 5 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (63.57) line. The support is usually stronger when technical indicators are oversold. 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 support 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 above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See VWOB short-term trend chart]
A short-term downtrend had started on March 22, 2024 at 64.50 and reached 62.86 on April 2, 2024. VWOB lost 1.64 points, or 2.54%, in 11 days. The price is now at the 42.68% retracement level.
Daily Technical Indicators: [See VWOB daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. 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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