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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- 4/5/2024 -
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Vanguard Mid-Cap Value ETF (VOE) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Vanguard Mid-Cap Value ETF (VOE). During the week, the VOE dropped -2.43 points, or -1.56%, and closed at 153.48 on Friday, April 5, 2024. It was the worst weekly loss since October 20, 2023. Weekly volume was -21% below average.

Long-term trend: [See VOE long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 119.81 and reached 156.27 on March 28, 2024. VOE gained -36.46 points, or -30.43%, in 76 weeks. The price is now at the 7.65% retracement level.

Medium-term trend: [See VOE medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 123.96 and reached 156.27 on March 28, 2024. VOE gained -32.31 points, or -26.06%, in 21 weeks. The price is now at the 8.64% retracement level.

Weekly Technical Indicators: [See VOE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly 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 VOE short-term trend chart]
A short-term uptrend had started on January 18, 2024 at 140.12 and reached 156.27 on March 28, 2024. VOE gained -16.15 points, or -11.53%, in 70 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 144.80 and resistance is at 157.89. 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 VOE 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.71
Williams' Percentage Range (W%R) 54.40
Lane's Stochastic (%D-Slow) 36.28
Greed/Fear Indicator (GFI) 47.52
Moving Average Converg./Diverg. (MACD) 1.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.27
Williams' Percentage Range (W%R) 13.70
Overbought
Lane's Stochastic (%D-Slow) 90.95
Strong Overbought
Greed/Fear Indicator (GFI) 78.99
Moving Average Converg./Diverg. (MACD) 3.27
Trading Signals
Description Value Chart
Weekly Trendline Resistance 157.89
Parabolic System 156.26
Upper Bollinger Band 155.13
Weekly Stochastic Crossing 154.78
Price 153.48
Daily Stochastic Crossing 153.37
20 Day Moving Average 152.80
Lower Bollinger Band 149.63
50 Day Moving Average 148.66
Weekly Trendline Support 144.80
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 156.27
High Date 03/28/2024
Low 152.26
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 157.89
Support 144.80
Low 140.12
Low Date 01/18/2024
High 156.27
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 123.96
Low Date 10/27/2023
High 156.27
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 119.81
Low Date 10/13/2022
High 156.27
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 154.69
High Date 04/21/2022
Low 119.81
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.