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Archive
- 4/5/2024 -
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VORNADO RLTY TR (VNO) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the VORNADO RLTY TR (VNO). During the week, the VNO dropped -1.41 points, or -4.90%, and closed at 27.36 on Friday, April 5, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was -35% below average.
VNO is a member of Real Estate Sector. Real Estate is the second 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 VNO long-term trend chart]
A long-term uptrend had started on May 17, 2023 at 12.31 and reached 32.21 on December 14, 2023. VNO gained -19.90 points, or -161.66%, in 30 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 25.91 and resistance is at 39.81. 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 VNO medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 32.21 and reached 24.17 on February 13, 2024. VNO lost 8.04 points, or 24.96%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (22.18) 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 medium-term trend.
 Weekly Technical Indicators: [See VNO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 9, 2024. 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 VNO short-term trend chart]
A short-term uptrend had started on March 14, 2024 at 24.52 and reached 29.34 on March 21, 2024. VNO gained -4.82 points, or -19.66%, in 7 days. The chart has formed a Symmetric Triangle chart pattern.
Daily Technical Indicators: [See VNO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 15, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Real Estate |
2 |
| Industry |
Office REITs |
40 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Low |
24.52 |
| Low Date |
03/14/2024 |
| High |
29.34 |
| High Date |
03/21/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
24.17 |
| Low Date |
02/13/2024 |
| High |
29.34 |
| High Date |
03/21/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
25.00 |
| Support |
22.18 |
| High |
32.21 |
| High Date |
12/14/2023 |
| Low |
24.17 |
| Low Date |
02/13/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
39.81 |
| Support |
25.91 |
| Low |
12.31 |
| Low Date |
05/17/2023 |
| High |
32.21 |
| High Date |
12/14/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
126.62 |
| High Date |
01/15/2015 |
| Low |
12.31 |
| Low Date |
05/17/2023 |
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