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Uptrend Broken SupportArchive
- 5/3/2024 -
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Vanguard Consumer Discretionary ETF (VCR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the Vanguard Consumer Discretionary ETF (VCR). During the week, the VCR gained 4.32 points, or 1.43%, and closed at 306.75 on Friday, May 3, 2024. Weekly volume was -38% below average.
 Long-term trend: [See VCR long-term trend chart]
A long-term uptrend had started on December 28, 2022 at 213.73 and reached 319.44 on March 21, 2024. VCR gained -105.71 points, or -49.46%, in 64 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 271.45 and resistance is at 324.61. 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 VCR medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 319.44 and reached 290.81 on April 19, 2024. VCR lost 28.63 points, or 8.96%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (306.27). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See VCR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 5, 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 VCR short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 290.81 and reached 309.80 on May 3, 2024. VCR gained -18.99 points, or -6.53%, in 14 days. The price is now at the 16.06% retracement level.
Daily Technical Indicators: [See VCR daily technical indicators chart]
Daily technical indicators are neutral.
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 moved above 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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