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Uptrend Broken SupportArchive
- 4/19/2024 -
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Vanguard Value ETF (VTV) Technical Analysis
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| Summary:
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| | It was the negative week for the Vanguard Value ETF (VTV). During the week, the VTV gave back -0.32 points, or -0.20%, and closed at 155.96 on Friday, April 19, 2024. VTV was trading at average weekly trading volume.
 Long-term trend: [See VTV long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 131.42 and reached 163.30 on March 28, 2024. VTV gained -31.88 points, or -24.26%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (164.42) 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. VTV 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 VTV medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 163.30 and reached 154.12 on April 17, 2024. VTV lost 9.18 points, or 5.62%, in 2 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 152.98 and resistance is at 158.99. 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 VTV weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since November 24, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See VTV short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 154.12 and reached 156.27 on April 19, 2024. VTV gained -2.15 points, or -1.40%, in 2 days. The price is now at the 14.42% retracement level.
 Daily Technical Indicators: [See VTV daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since April 1, 2024. The distance between MACD and the signal line is relatively high and getting bigger.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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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