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VTC Stock Tickeron detected bearish ETF Pattern: Pennant VTC on September 14, 2023, netting in a 1.38% gain over 1 week

A.I.dvisor
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+1.38% Gain from a Successful pattern Pennant
VTC - Vanguard Total Corporate Bond ETF
Tickeron
Ticker: VTC
Company: Vanguard Total Corporate Bond ETF
Gain from shortening: +1.38%
Confirmed: 09/14/23
Succeeded: 09/25/23
Total length: 12 days
On September 13, 2023, A.I.dvisor detected a Pennant Pattern (Bearish) for Vanguard Total Corporate Bond ETF (VTC, $73.84). 1 day later, on September 14, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On September 25, 2023, the stock hit the target price of $72.86 – resulting in a gain for traders who shorted the stock on the pattern detection date.

VTC in downward trend: price dove below 50-day moving average on December 13, 2024

VTC moved below its 50-day moving average on December 13, 2024 date and that indicates a change from an upward trend to a downward trend. In of 44 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on VTC as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for VTC turned negative on December 13, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for VTC crossed bearishly below the 50-day moving average on December 20, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where VTC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where VTC's RSI Oscillator exited the oversold zone, of 41 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where VTC advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .

VTC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 289 cases where VTC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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General Information

Category IntermediateTermBond

Profile
Fundamentals
Details
Category
Corporate Bond
Address
Vanguard Scottsdale FundsPO Box 2600 V26Valley Forge
Phone
N/A
Web
www.vanguard.com