VNQ at 50-day moving average
VNQ – the Vanguard Real Estate ETF – has been moving in a bullish low-volatility trend for about three months.
The two last sessions’ huge bearish candlesticks, however, brought price below its 10- and 20-day exponential moving average, which the last candlestick has also closed below the 50-day exponential moving average.
The breakdown caused MACD, our momentum indicator, to move below its signal line, although it still moves in positive territory.
Despite the above, VNQ’s Relative Strength is still moving above its 20-day exponential moving average.