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Downtrend ResistanceArchive
- 4/5/2024 -
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VIVENDI-ADR (V) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the VIVENDI-ADR (V). During the week, the V gave back -1.94 points, or -0.70%, and closed at 277.14 on Friday, April 5, 2024. Weekly volume was -15% below average.
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 290.96 on March 21, 2024. V gained -64.94 points, or -28.73%, in 38 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See V medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 227.78 and reached 290.96 on March 21, 2024. V gained -63.18 points, or -27.74%, in 24 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (288.06) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. V may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See V weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See V short-term trend chart]
A short-term uptrend had started on April 4, 2024 at 273.56 and reached 277.96 on April 5, 2024. V gained -4.40 points, or -1.61%, in 1 days. The price is now at the 18.64% retracement level.
 Daily Technical Indicators: [See V daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since March 22, 2024. The distance between MACD and the signal line is relatively high and getting bigger.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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