The Greedy Trader Weekly Analysis
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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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- 11/8/2024 -
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Vanguard Telecom Services ETF (VOX) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic bearish divergenceTrend resistance at 154.19
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtThe price touches the upper Bollinger Band
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It was a second consecutive positive week for the Vanguard Telecom Services ETF (VOX). During the week, the VOX gained 5.60 points, or 3.77%, and closed at 154.20 on Friday, November 8, 2024. Weekly volume was -39% below average.

Long-term trend: [See VOX long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 78.27 and reached 155.60 on November 7, 2024. VOX gained -77.33 points, or -98.80%, in 104 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (154.19). 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 long-term trend.

Medium-term trend: [See VOX medium-term trend chart]
A medium-term uptrend had started on October 26, 2023 at 100.32 and reached 155.60 on November 7, 2024. VOX gained -55.28 points, or -55.10%, in 54 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (137.83) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 VOX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 September 27, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See VOX short-term trend chart]
A short-term uptrend had started on September 11, 2024 at 132.39 and reached 155.60 on November 7, 2024. VOX gained -23.21 points, or -17.53%, in 57 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (146.82) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 VOX daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

The daily MACD line is above its signal line since November 4, 2024. This is an indication that the short-term trend is up.

The price touches the upper Bollinger Band. 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) 72.40
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 77.64
Greed/Fear Indicator (GFI) 80.31
Overbought
Moving Average Converg./Diverg. (MACD) 1.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.47
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 91.52
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 84.44
Overbought
Moving Average Converg./Diverg. (MACD) 4.28
Trading Signals
Description Value Chart
Daily Stochastic Crossing 154.41
Upper Bollinger Band 154.32
Price 154.20
Yearly Trendline Resistance 154.19
Weekly Stochastic Crossing 154.19
Parabolic System 151.41
Weekly Trendline Resistance 149.07
20 Day Moving Average 148.33
Weekly Trendline Support 146.82
Quarterly Trendline Resistance 146.10
50 Day Moving Average 144.24
Lower Bollinger Band 143.17
Quarterly Trendline Support 137.83
Yearly Trendline Support 124.59
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 144.62
Low Date 10/24/2024
High 155.60
High Date 11/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 149.07
Support 146.82
Low 132.39
Low Date 09/11/2024
High 155.60
High Date 11/07/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.35
Low Date 08/05/2024
High 155.60
High Date 11/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 146.10
Support 137.83
Low 100.32
Low Date 10/26/2023
High 155.60
High Date 11/07/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 154.19
Support 124.59
Low 78.27
Low Date 11/04/2022
High 155.60
High Date 11/07/2024
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.