| 
May 21, 2023
- Ongoing downtrend raises chances of a persuasive break of existing support at $49.67
- Vanguard Tax-Exempt Bond ETF's upper Bollinger Band® is at $50.68.
Vanguard Tax-Exempt Bond Index Fund ETF Shares made an initial foray below its 200 day Simple Moving Average around $49.72. On the other hand, note that a persuasive break of this target could lead to higher losses. Vanguard Tax-Exempt Bond ETF's lower Bollinger Band® is now at $49.83.
Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Vanguard Tax-Exempt Bond ETF.
Despite being in the red so far in the current trading session, iShares Global Clean Energy ETF peaked above its 21 day Simple Moving Average around $18.85 — typically an early indicator of a new bullish trend beginning to emerge. A convincing break of this target could pave the way for deeper losses. Despite this, iShares Global Clean Energy ETF is currently flirting with an active Fibonacci support level around $18.61.
Technical analysis shows that iShares Global Clean Energy ETF (currently on a downtrend) might reverse course and start going up in the short term.
Trend-focused traders would be interested to note that iShares 20+ Year Treasury Bond ETF's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Asset volatility analysis shows that Bollinger Bands® shows an indication of recovery: the lower band is at $100.69, a low enough level to, generally, suggest that iShares 20+ Year Treasury Bond ETF is trading below its fair value. IShares 20+ Year Treasury Bond ETF chart analysis: a persuasive break of this target could lead to higher losses.
For the time being, iShares 20+ Year Treasury Bond ETF remains flat without a clear direction.
