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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- 4/24/2026 -
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Vanguard Dividend Appreciation ETF (VIG) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtTrend resistance at 228.01
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtA Parabolic SAR indicator is above and near the priceThe period of high volatility of the stock price
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It was the negative week for the Vanguard Dividend Appreciation ETF (VIG). During the week, the VIG gave back -0.63 points, or -0.28%, and closed at 226.83 on Friday, April 24, 2026. Weekly volume was -26% below average.

Long-term trend: [See VIG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 132.64 and reached 230.53 on February 10, 2026. VIG gained -97.89 points, or -73.80%, in 173 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 185.20 and resistance is at 235.38. 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 long-term trend.

Medium-term trend: [See VIG medium-term trend chart]
A medium-term downtrend had started on February 10, 2026 at 230.53 and reached 210.01 on March 30, 2026. VIG lost 20.52 points, or 8.90%, in 6 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The price is near the trend resistance line (228.01). 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 VIG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 February 27, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See VIG short-term trend chart]
A short-term uptrend had started on March 30, 2026 at 210.01 and reached 228.27 on April 23, 2026. VIG gained -18.26 points, or -8.69%, in 24 days. The price is now at the 7.89% retracement level.

Daily Technical Indicators: [See VIG daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 1, 2026. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (226.16) comes close to the price (226.83). 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.

The distance between the Bollinger Bands is 120.05% higher then one year average. It indicates the period of high volatility of the stock price. 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) 78.65
Williams' Percentage Range (W%R) 2.10
Strong Overbought
Lane's Stochastic (%D-Slow) 82.88
Overbought
Greed/Fear Indicator (GFI) 86.48
Overbought
Moving Average Converg./Diverg. (MACD) 1.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.30
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 48.92
Greed/Fear Indicator (GFI) 62.65
Moving Average Converg./Diverg. (MACD) 2.61
Trading Signals
Description Value Chart
Yearly Trendline Resistance 235.38
Upper Bollinger Band 234.15
Monthly Trendline Resistance 228.01
Daily Stochastic Crossing 227.34
Price 226.83
Parabolic System 226.16
50 Day Moving Average 221.83
20 Day Moving Average 221.35
Weekly Stochastic Crossing 220.53
Lower Bollinger Band 212.18
Monthly Trendline Support 199.70
Yearly Trendline Support 185.20
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 228.27
High Date 04/23/2026
Low 226.25
Low Date 04/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 210.01
Low Date 03/30/2026
High 228.27
High Date 04/23/2026
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Test Resistance
Resistance 228.01
Support 199.70
High 230.53
High Date 02/10/2026
Low 210.01
Low Date 03/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 169.30
Low Date 04/07/2025
High 230.53
High Date 02/10/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 235.38
Support 185.20
Low 132.64
Low Date 10/13/2022
High 230.53
High Date 02/10/2026
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.