《Weekly Forecast》Sep 28th 2020

Last Week's Review Summary

Forecast	VOO will remain in the box range between 307(50days MA) and 300(lower bb). If it breaks through 300(lower bb), a next target is 100days MA(292).
Result	VOO finished the week at 303.28 after moving in the range between 50days MA and lower bb.

Technical Analysis

1. VOO Short Term

SMA	SMA indicates a bear trend. 50 days SMA will be a strong resistance line as VOO peaked out in March here.
Volume	Volume was stable last week.
MACD	MACD signals a button of this down trend. Signal line is still heading down, but MACD line has become flat now.
RSI	RSI indicates VOO to be a fair value.
Bollinger Band	BB indicates a larger volatility, mainly down trend.

2. VOO Long Term

SMA	SMA still indicates uptrend, but 13 weeks SMA will be flat shortly.
Volume	Slightly large, but normal
MACD	MACD indicates downtrend. It would probably have a dead cross next week.
RSI	RSI indicates VOO to be a fair value.
Bollinger Band	BB indicates uptrend.

Forecast for Upcoming Week

VOO will stay between 50 days SMA and 100 days SMA. However, volatility might increase as 20 days SMA falls to 50 days SMA, which signales a dead cross within the next few weeks.

*Disclosure

This blog is intended to be my personal memo. The investment is at your own risk.