The Greedy Trader Weekly Analysis
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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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- 11/8/2024 -
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Vanguard Small Cap Growth ETF (VBK) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the Vanguard Small Cap Growth ETF (VBK). During the week, the VBK gained 22.00 points, or 8.20%, and closed at 290.30 on Friday, November 8, 2024. Weekly volume was 6% above average.

Long-term trend: [See VBK long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 186.95 and reached 290.30 on November 8, 2024. VBK gained -103.35 points, or -55.28%, in 125 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (227.82) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 VBK medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 233.00 and reached 290.30 on November 8, 2024. VBK gained -57.30 points, or -24.59%, in 13 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (271.80) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See VBK weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 VBK short-term trend chart]
A short-term uptrend had started on October 23, 2024 at 265.49 and reached 290.30 on November 8, 2024. VBK gained -24.81 points, or -9.34%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See VBK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 75.36
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 88.48
Overbought
Greed/Fear Indicator (GFI) 83.64
Overbought
Moving Average Converg./Diverg. (MACD) 2.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.60
Williams' Percentage Range (W%R) 5.60
Strong Overbought
Lane's Stochastic (%D-Slow) 90.18
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 82.62
Overbought
Moving Average Converg./Diverg. (MACD) 5.49
Trading Signals
Description Value Chart
Price 290.30
Daily Stochastic Crossing 289.95
Weekly Stochastic Crossing 286.97
Upper Bollinger Band 286.21
Quarterly Trendline Resistance 278.34
Yearly Trendline Resistance 273.44
20 Day Moving Average 273.30
Quarterly Trendline Support 271.80
Parabolic System 271.40
50 Day Moving Average 266.45
Lower Bollinger Band 261.52
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 266.80
Low Date 10/31/2024
High 290.30
High Date 11/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 265.49
Low Date 10/23/2024
High 290.30
High Date 11/08/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 245.90
Low Date 09/11/2024
High 290.30
High Date 11/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 278.34
Support 271.80
Low 233.00
Low Date 08/05/2024
High 290.30
High Date 11/08/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 273.44
Support 227.82
Low 186.95
Low Date 06/16/2022
High 290.30
High Date 11/08/2024
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.