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Archive
- 12/13/2024 -
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Vulcan Materials (VMC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Vulcan Materials (VMC). During the week, the VMC dropped -11.06 points, or -3.86%, and closed at 275.80 on Friday, December 13, 2024. Weekly volume was -18% below average.
VMC is a member of Materials Sector. Materials is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See VMC long-term trend chart]
A long-term uptrend had started on July 5, 2022 at 137.54 and reached 298.30 on November 6, 2024. VMC gained -160.76 points, or -116.88%, in 122 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 235.88 and resistance is at 300.74. 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 VMC medium-term trend chart]
A medium-term uptrend had started on September 11, 2024 at 225.36 and reached 298.30 on November 6, 2024. VMC gained -72.94 points, or -32.37%, in 8 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 262.29 and resistance is at 329.91. 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 medium-term trend.
 Weekly Technical Indicators: [See VMC weekly technical indicators chart]
Weekly technical indicators are neutral. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since October 18, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See VMC short-term trend chart]
A short-term downtrend had started on November 6, 2024 at 298.30 and reached 273.70 on November 19, 2024. VMC lost 24.60 points, or 8.25%, in 13 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (290.67) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 VMC daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
The daily MACD line is below its signal line since November 15, 2024. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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