The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Number of records: 7
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Uptrend Broken Support

Uptrend Broken Support 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 Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 3/15/2024 -
Sign In to see current Signals.

Vanguard Extended Market Index ETF (VXF) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Vanguard Extended Market Index ETF (VXF). During the week, the VXF dropped -2.88 points, or -1.68%, and closed at 168.97 on Friday, March 15, 2024. It was the worst weekly loss since January 5, 2024. VXF was trading at average weekly trading volume.

Long-term trend: [See VXF long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 123.74 and reached 174.58 on March 8, 2024. VXF gained -50.84 points, or -41.09%, in 73 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (135.78) 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 VXF medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 131.80 and reached 174.58 on March 8, 2024. VXF gained -42.78 points, or -32.46%, in 19 weeks. The price is now at the 13.11% retracement level.

Weekly Technical Indicators: [See VXF weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 24, 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 VXF short-term trend chart]
A short-term uptrend had started on January 17, 2024 at 156.37 and reached 174.58 on March 8, 2024. VXF gained -18.21 points, or -11.65%, in 51 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 165.26 and resistance is at 176.30. 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 short-term trend.

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

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 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) 52.35
Williams' Percentage Range (W%R) 56.60
Lane's Stochastic (%D-Slow) 33.20
Greed/Fear Indicator (GFI) 43.00
Moving Average Converg./Diverg. (MACD) 1.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.76
Williams' Percentage Range (W%R) 14.20
Overbought
Lane's Stochastic (%D-Slow) 85.59
Overbought
Greed/Fear Indicator (GFI) 75.05
Moving Average Converg./Diverg. (MACD) 5.05
Trading Signals
Description Value Chart
Weekly Trendline Resistance 176.30
Parabolic System 173.61
Upper Bollinger Band 173.14
Weekly Stochastic Crossing 172.07
Daily Stochastic Crossing 169.98
20 Day Moving Average 169.49
Price 168.97
Weekly Trendline Support 165.26
Lower Bollinger Band 165.13
50 Day Moving Average 165.10
Quarterly Trendline Resistance 162.38
Quarterly Trendline Support 135.78
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 174.58
High Date 03/08/2024
Low 167.83
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 176.30
Support 165.26
Low 156.37
Low Date 01/17/2024
High 174.58
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 131.80
Low Date 10/27/2023
High 174.58
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 162.38
Support 135.78
Low 123.74
Low Date 10/13/2022
High 174.58
High Date 03/08/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 200.58
High Date 11/08/2021
Low 123.74
Low Date 10/13/2022
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.