|
Downtrend ExhaustionArchive - 3/15/2024 - Sign In to see current Signals. |
VORNADO RLTY TR (VNO) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the VORNADO RLTY TR (VNO). During the week, the VNO dropped -0.71 points, or -2.71%, and closed at 25.47 on Friday, March 15, 2024. Weekly volume was -48% below average. Long-term trend: [See VNO long-term trend chart] A long-term uptrend had started on May 17, 2023 at 12.31 and reached 32.21 on December 14, 2023. VNO gained -19.90 points, or -161.66%, in 30 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 23.25 and resistance is at 38.41. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend. Medium-term trend: [See VNO medium-term trend chart] A medium-term downtrend had started on December 14, 2023 at 32.21 and reached 24.17 on February 13, 2024. VNO lost 8.04 points, or 24.96%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 22.95 and resistance is at 26.33. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend. Weekly Technical Indicators: [See VNO weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since February 9, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help. Short-term trend: [See VNO short-term trend chart] A short-term downtrend had started on March 8, 2024 at 27.08 and reached 24.52 on March 14, 2024. VNO lost 2.56 points, or 9.45%, in 6 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level. Daily Technical Indicators: [See VNO daily technical indicators chart] Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (7.22%) is close to one year low (8.59%). It is 69.45% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band. Candlestick pattern: [See VNO candlestick chart pattern] On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
| |
|
|