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Uptrend Broken SupportArchive
- 5/3/2024 -
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Vanguard Health Care ETF (VHT) 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 Health Care ETF (VHT). During the week, the VHT gained 2.70 points, or 1.06%, and closed at 258.02 on Friday, May 3, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was -43% below average.
 Long-term trend: [See VHT long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 217.23 and reached 271.53 on March 28, 2024. VHT gained -54.30 points, or -25.00%, in 93 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See VHT medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 271.53 and reached 252.45 on April 19, 2024. VHT lost 19.08 points, or 7.03%, in 3 weeks. The price is now at the 29.19% retracement level.
 Weekly Technical Indicators: [See VHT 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. Use the following link to access a MACD help.
 Short-term trend: [See VHT short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 252.45 and reached 259.72 on May 1, 2024. VHT gained -7.27 points, or -2.88%, in 12 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 256.01 and resistance is at 260.09. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
Daily Technical Indicators: [See VHT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 25, 2024. This is an indication that the short-term trend is up.
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.
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