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Downtrend Broken Resist.Archive
- 4/26/2024 -
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Vanguard Total Bond Market Index Fund ETF Shares (BND) Technical Analysis
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| Summary:
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| | It was the negative week for the Vanguard Total Bond Market Index Fund ETF Shares (BND). During the week, the BND gave back -0.06 points, or -0.08%, and closed at 70.73 on Friday, April 26, 2024. Weekly volume was -23% below average.
 Long-term trend: [See BND long-term trend chart]
A long-term uptrend had started on October 23, 2023 at 67.99 and reached 73.92 on December 27, 2023. BND gained -5.93 points, or -8.72%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (74.22) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BND may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See BND medium-term trend chart]
A medium-term downtrend had started on December 27, 2023 at 73.92 and reached 70.37 on April 25, 2024. BND lost 3.55 points, or 4.80%, in 17 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 70.31 and resistance is at 72.38. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See BND weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 15, 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 BND short-term trend chart]
A short-term downtrend had started on March 8, 2024 at 72.97 and reached 70.37 on April 25, 2024. BND lost 2.60 points, or 3.56%, in 48 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 70.31 and resistance is at 72.39. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See BND daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (70.87) comes close to the price (70.73). 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.
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