The Greedy Trader Weekly Analysis
Sign In Jun 20, 2025
Skip Navigation Links
Share
Number of records: 6
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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

Archive
- 6/13/2025 -
Sign In to see current Signals.

Vanguard Information Technology ETF (VGT) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineTrend resistance at 634.54
Daily :Broken trend support lineLane's Stochastic is overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was the negative week for the Vanguard Information Technology ETF (VGT). During the week, the VGT gave back -3.13 points, or -0.50%, and closed at 623.29 on Friday, June 13, 2025. Weekly volume was -12% below average.

Long-term trend: [See VGT long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 291.61 and reached 648.80 on January 24, 2025. VGT gained -357.19 points, or -122.49%, in 119 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 585.71 and resistance is at 684.91. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See VGT medium-term trend chart]
A medium-term downtrend had started on January 24, 2025 at 648.80 and reached 451.00 on April 7, 2025. VGT lost 197.80 points, or 30.49%, in 10 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The price is near the trend resistance line (634.54). 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 medium-term trend.

Weekly Technical Indicators: [See VGT 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 May 16, 2025. Use the following link to access a MACD help.

Short-term trend: [See VGT short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 451.00 and reached 635.44 on June 11, 2025. VGT gained -184.44 points, or -40.90%, in 65 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (648.88) 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 VGT daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 below its signal line since June 10, 2025. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (618.79) comes close to the price (623.29). It indicates that the trend is getting weaker. 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) 69.91
Williams' Percentage Range (W%R) 20.30
Lane's Stochastic (%D-Slow) 81.99
Overbought
Greed/Fear Indicator (GFI) 77.20
Moving Average Converg./Diverg. (MACD) 15.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.32
Williams' Percentage Range (W%R) 11.40
Overbought
Lane's Stochastic (%D-Slow) 95.79
Strong Overbought
Greed/Fear Indicator (GFI) 79.96
Moving Average Converg./Diverg. (MACD) -4.58
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 684.91
Weekly Trendline Resistance 683.32
Weekly Trendline Support 648.88
Monthly Trendline Resistance 634.54
Upper Bollinger Band 634.53
Daily Stochastic Crossing 632.09
Weekly Stochastic Crossing 628.25
Price 623.29
Parabolic System 618.79
20 Day Moving Average 616.32
Lower Bollinger Band 591.48
Quarterly Trendline Support 585.71
50 Day Moving Average 570.66
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 590.08
Low Date 05/23/2025
High 635.44
High Date 06/11/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 683.32
Support 648.88
Low 451.00
Low Date 04/07/2025
High 635.44
High Date 06/11/2025
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Test Resistance
Resistance 634.54
Support 293.87
High 648.80
High Date 01/24/2025
Low 451.00
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 684.91
Support 585.71
Low 291.61
Low Date 10/13/2022
High 648.80
High Date 01/24/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.85
Low Date 11/21/2008
High 648.80
High Date 01/24/2025
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.