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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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- 1/3/2025 -
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Vanguard Health Care ETF (VHT) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversold
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the price
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It was a second positive week after 3 consecutive negative weeks for the Vanguard Health Care ETF (VHT). During the week, the VHT climbed 0.20 points, or 0.08%, and closed at 256.60 on Friday, January 3, 2025. Weekly volume was 106% above average.

Long-term trend: [See VHT long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 222.29 and reached 289.14 on September 3, 2024. VHT gained -66.85 points, or -30.07%, in 44 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (297.56) 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 long-term trend.

Medium-term trend: [See VHT medium-term trend chart]
A medium-term downtrend had started on September 3, 2024 at 289.14 and reached 250.10 on December 19, 2024. VHT lost 39.04 points, or 13.50%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 244.63 and resistance is at 267.94. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See VHT weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 4, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See VHT short-term trend chart]
A short-term downtrend had started on November 29, 2024 at 272.79 and reached 250.10 on December 19, 2024. VHT lost 22.69 points, or 8.32%, in 20 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (253.10) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

Daily Technical Indicators: [See VHT daily technical indicators chart]
Daily technical indicators are neutral.

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

A Parabolic SAR (stop and reversal) indicator (257.99) comes close to the price (256.60). 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) 41.83
Williams' Percentage Range (W%R) 77.70
Lane's Stochastic (%D-Slow) 51.30
Greed/Fear Indicator (GFI) 38.49
Moving Average Converg./Diverg. (MACD) -3.74
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.43
Williams' Percentage Range (W%R) 88.50
Oversold
Lane's Stochastic (%D-Slow) 25.05
Greed/Fear Indicator (GFI) 25.50
Moving Average Converg./Diverg. (MACD) 0.62
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 303.00
Quarterly Trendline Support 297.56
Upper Bollinger Band 269.21
Monthly Trendline Resistance 267.94
50 Day Moving Average 265.64
20 Day Moving Average 258.63
Parabolic System 257.99
Price 256.60
Weekly Stochastic Crossing 255.29
Daily Stochastic Crossing 255.15
Weekly Trendline Resistance 255.01
Weekly Trendline Support 253.10
Lower Bollinger Band 248.20
Monthly Trendline Support 244.63
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 258.10
High Date 12/27/2024
Low 252.10
Low Date 12/30/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 255.01
Support 253.10
High 272.79
High Date 11/29/2024
Low 250.10
Low Date 12/19/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 267.94
Support 244.63
High 289.14
High Date 09/03/2024
Low 250.10
Low Date 12/19/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 303.00
Support 297.56
Low 222.29
Low Date 10/27/2023
High 289.14
High Date 09/03/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 217.23
Low Date 06/16/2022
High 289.14
High Date 09/03/2024
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.