The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance 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. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 4/26/2024 -
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Vanguard Small Cap Value ETF (VBR) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Broken trend support line20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week after 3 consecutive negative weeks for the Vanguard Small Cap Value ETF (VBR). During the week, the VBR gained 3.22 points, or 1.80%, and closed at 182.46 on Friday, April 26, 2024. Weekly volume was -14% below average.

Long-term trend: [See VBR long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 142.53 and reached 192.44 on March 28, 2024. VBR gained -49.91 points, or -35.02%, in 78 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (152.30) 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 VBR medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 147.94 and reached 192.44 on March 28, 2024. VBR gained -44.50 points, or -30.08%, in 52 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 149.46 and resistance is at 194.53. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since April 12, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See VBR short-term trend chart]
A short-term uptrend had started on October 27, 2023 at 148.77 and reached 192.44 on March 28, 2024. VBR gained -43.67 points, or -29.35%, in 153 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (200.53) is broken. A broken support is considered to be a long-term bearish signal. 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 short-term trend.

Daily Technical Indicators: [See VBR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 daily MACD line is below its signal line since April 2, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price is close to 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.04
Williams' Percentage Range (W%R) 67.00
Lane's Stochastic (%D-Slow) 69.55
Greed/Fear Indicator (GFI) 45.53
Moving Average Converg./Diverg. (MACD) -0.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.36
Williams' Percentage Range (W%R) 41.80
Lane's Stochastic (%D-Slow) 56.79
Greed/Fear Indicator (GFI) 56.48
Moving Average Converg./Diverg. (MACD) 5.09
Trading Signals
Description Value Chart
Weekly Trendline Support 200.53
Weekly Trendline Resistance 195.64
Monthly Trendline Resistance 194.53
Upper Bollinger Band 190.71
Weekly Stochastic Crossing 184.53
50 Day Moving Average 184.09
20 Day Moving Average 183.64
Price 182.46
Daily Stochastic Crossing 182.10
Parabolic System 177.36
Lower Bollinger Band 175.12
Quarterly Trendline Resistance 168.98
Quarterly Trendline Support 152.30
Monthly Trendline Support 149.46
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 192.44
High Date 03/28/2024
Low 177.15
Low Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 195.64
Support 200.53
Low 148.77
Low Date 10/27/2023
High 192.44
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 194.53
Support 149.46
Low 147.94
Low Date 03/24/2023
High 192.44
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 168.98
Support 152.30
Low 142.53
Low Date 09/27/2022
High 192.44
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 187.22
High Date 11/08/2021
Low 142.53
Low Date 09/27/2022
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.