Vanguard California Tax-Exempt Bond ETF (VTEC)

Vanguard California Tax-Exempt Bond ETF is trading at $98.14, down 0.17% on the session. The 50 day average sits at $99.38 and the 200 day at $100.01, which puts the stock in a downtrend. RSI is at 33.9, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $98.26 with resistance near $99.01, so that band frames the current range. Average daily movement is roughly $0.24, or about 0.2% of the share price, which is what any stop placement has to allow for. The overall health score of 35 out of 100 combines a trend score of 7, momentum of 32 and a risk score of 84.

This index measures the performance of the investment-grade segment of the California municipal bond market as determined by the index provider, S&P Dow Jones Indices LLC. All of the fund’s investments will be selected through the sampling process, and at least 80% of the fund’s assets will be invested in securities held in the index. It is non-diversified.