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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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- 11/15/2024 -
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Vanguard Small Cap ETF (VB) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineLane's Stochastic bearish divergenceTrend resistance at 248.42
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Vanguard Small Cap ETF (VB). During the week, the VB dropped -6.80 points, or -2.69%, and closed at 246.30 on Friday, November 15, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was 50% above average.

Long-term trend: [See VB long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 174.86 and reached 257.30 on November 11, 2024. VB gained -82.44 points, or -47.15%, in 54 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (248.42). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See VB medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 209.81 and reached 257.30 on November 11, 2024. VB gained -47.49 points, or -22.63%, in 14 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 241.85 and resistance is at 247.00. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See VB 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. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 September 13, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See VB short-term trend chart]
A short-term uptrend had started on October 23, 2024 at 234.99 and reached 257.30 on November 11, 2024. VB gained -22.31 points, or -9.49%, in 19 days. The price is now at the 49.31% retracement level.

Daily Technical Indicators: [See VB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since November 5, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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) 60.38
Williams' Percentage Range (W%R) 37.60
Lane's Stochastic (%D-Slow) 72.48
Greed/Fear Indicator (GFI) 65.07
Moving Average Converg./Diverg. (MACD) 3.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.33
Williams' Percentage Range (W%R) 17.70
Overbought
Lane's Stochastic (%D-Slow) 85.17
Overbought Bearish
Greed/Fear Indicator (GFI) 75.28
Moving Average Converg./Diverg. (MACD) 5.57
Trading Signals
Description Value Chart
Upper Bollinger Band 258.83
Parabolic System 257.09
Daily Stochastic Crossing 253.48
Weekly Stochastic Crossing 252.91
Quarterly Trendline Resistance 248.42
Monthly Trendline Resistance 247.00
Price 246.30
20 Day Moving Average 243.38
Monthly Trendline Support 241.85
50 Day Moving Average 238.33
Lower Bollinger Band 231.00
Quarterly Trendline Support 214.75
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 257.30
High Date 11/11/2024
Low 245.80
Low Date 11/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 234.99
Low Date 10/23/2024
High 257.30
High Date 11/11/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 247.00
Support 241.85
Low 209.81
Low Date 08/05/2024
High 257.30
High Date 11/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 248.42
Support 214.75
Low 174.86
Low Date 10/27/2023
High 257.30
High Date 11/11/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 168.65
Low Date 10/13/2022
High 257.30
High Date 11/11/2024
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.