The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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VIVENDI-ADR (V) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :The price has risen above the Parabolic SAR
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It was a first positive week for the VIVENDI-ADR (V). During the week, the V gained 3.00 points, or 1.07%, and closed at 283.04 on Friday, March 15, 2024. V was trading at average weekly trading volume.

V is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See V long-term trend chart]
A long-term uptrend had started on June 28, 2023 at 226.02 and reached 289.04 on March 14, 2024. V gained -63.02 points, or -27.88%, in 37 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (230.42) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See V medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 227.78 and reached 289.04 on March 14, 2024. V gained -61.26 points, or -26.89%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 281.38 and resistance is at 291.73. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See V weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See V short-term trend chart]
A short-term downtrend had started on March 14, 2024 at 289.04 and reached 282.64 on March 15, 2024. V lost 6.40 points, or 2.21%, in 1 days. The price is now at the 6.25% retracement level.

Daily Technical Indicators: [See V daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since February 29, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.82
Williams' Percentage Range (W%R) 35.00
Lane's Stochastic (%D-Slow) 69.83
Greed/Fear Indicator (GFI) 60.89
Moving Average Converg./Diverg. (MACD) 2.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.63
Overbought
Williams' Percentage Range (W%R) 9.00
Strong Overbought
Lane's Stochastic (%D-Slow) 86.78
Overbought Bearish
Greed/Fear Indicator (GFI) 79.74
Moving Average Converg./Diverg. (MACD) 9.96 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 291.73
Upper Bollinger Band 287.00
Daily Stochastic Crossing 285.98
Weekly Stochastic Crossing 285.85
Price 283.04
20 Day Moving Average 281.71
Quarterly Trendline Support 281.38
Parabolic System 276.92
50 Day Moving Average 275.39
Lower Bollinger Band 275.12
Yearly Trendline Resistance 264.59
Yearly Trendline Support 230.42
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Data Processing & Outsourced Services 73
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 289.04
High Date 03/14/2024
Low 282.64
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 289.04
High Date 03/14/2024
Low 282.64
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 276.16
Low Date 03/07/2024
High 289.04
High Date 03/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 291.73
Support 281.38
Low 227.78
Low Date 10/03/2023
High 289.04
High Date 03/14/2024
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 264.59
Support 230.42
Low 226.02
Low Date 06/28/2023
High 289.04
High Date 03/14/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.