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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.

Downtrend exhaustion stock alert presents a stock market trading strategy based on combination of timing signals, technical indicators, trend analysis and pattern recognition. Stock market alert is a warning signal. It indicates that long term downtrend is exhausted and probability of long term trend reversal is high. Downtrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for undervalued stocks. The strategy is based on taking long position on anticipation of downtrend reversal. Downtrend exhaustion timing strategy and stock trading system presents alerts for S&P 500 index members, ETFs and market indices. As S&P 500 trading system it shows excellent results for index timing also.

Downtrend Exhaustion

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- 3/15/2024 -
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VORNADO RLTY TR (VNO) Technical Analysis

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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldBullish Piercing Line CandlestickPrice is near the Fibonacci 38.2% retracement levelThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.13
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 29.77
Greed/Fear Indicator (GFI) 26.97
Moving Average Converg./Diverg. (MACD) -0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.13
Williams' Percentage Range (W%R) 55.50
Lane's Stochastic (%D-Slow) 25.03
Greed/Fear Indicator (GFI) 37.16
Moving Average Converg./Diverg. (MACD) 1.52
Trading Signals
Description Value Chart
Parabolic System 26.87
Upper Bollinger Band 26.81
50 Day Moving Average 26.54
Monthly Trendline Resistance 26.33
20 Day Moving Average 25.79
Weekly Stochastic Crossing 25.61
Price 25.47
Daily Stochastic Crossing 25.23
Lower Bollinger Band 24.96
Quarterly Trendline Support 23.25
Monthly Trendline Support 22.95
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Office REITs 29
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 27.08
High Date 03/08/2024
Low 24.52
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.17
Low Date 02/13/2024
High 27.08
High Date 03/08/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 26.33
Support 22.95
High 32.21
High Date 12/14/2023
Low 24.17
Low Date 02/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 38.41
Support 23.25
Low 12.31
Low Date 05/17/2023
High 32.21
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 126.62
High Date 01/15/2015
Low 12.31
Low Date 05/17/2023
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.