The Greedy Trader Weekly Analysis
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Uptrend Exhaustion

Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 3/15/2024 -
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V.F. Corp. (VFC) Technical Analysis

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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger BandWilliams' Percentage Range is oversold
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It was the negative week for the V.F. Corp. (VFC). During the week, the VFC dropped -1.32 points, or -8.20%, and closed at 14.78 on Friday, March 15, 2024. Weekly volume was 9% above average.

Long-term trend: [See VFC long-term trend chart]
A long-term downtrend had started on April 29, 2021 at 90.79 and reached 12.85 on November 1, 2023. VFC lost 77.94 points, or 85.85%, in 130 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 3.71 and resistance is at 18.29. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See VFC medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 20.69 and reached 14.44 on February 7, 2024. VFC lost 6.25 points, or 30.21%, in 7 weeks. The price is now at the 5.44% retracement level.

Weekly Technical Indicators: [See VFC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since April 6, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See VFC short-term trend chart]
A short-term downtrend had started on March 1, 2024 at 16.52 and reached 14.44 on March 14, 2024. VFC lost 2.08 points, or 12.59%, in 13 days. The price is now at the 16.35% retracement level.

Daily Technical Indicators: [See VFC 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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.71
Williams' Percentage Range (W%R) 98.80
Strong Oversold
Lane's Stochastic (%D-Slow) 24.55
Greed/Fear Indicator (GFI) 21.84
Moving Average Converg./Diverg. (MACD) -0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.84
Williams' Percentage Range (W%R) 79.30
Lane's Stochastic (%D-Slow) 32.41
Greed/Fear Indicator (GFI) 31.86
Moving Average Converg./Diverg. (MACD) -0.91
Trading Signals
Description Value Chart
Upper Bollinger Band 16.77
Parabolic System 16.61
50 Day Moving Average 16.28
20 Day Moving Average 15.85
Weekly Stochastic Crossing 15.46
Lower Bollinger Band 14.86
Price 14.78
Daily Stochastic Crossing 14.75
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Apparel, Accessories & Luxury Goods 30
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 16.52
High Date 03/01/2024
Low 14.44
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 17.69
High Date 02/12/2024
Low 14.44
Low Date 03/14/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.69
High Date 12/14/2023
Low 14.44
Low Date 02/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 18.29
Support 3.71
High 90.79
High Date 04/29/2021
Low 12.85
Low Date 11/01/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.25
High Date 01/02/2020
Low 12.85
Low Date 11/01/2023
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.