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- 3/15/2024 -
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VENTAS INC (VTR) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldLane's Stochastic bullish divergenceThe price touches the lower Bollinger Band
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It was the negative week for the VENTAS INC (VTR). During the week, the VTR dropped -1.94 points, or -4.37%, and closed at 42.48 on Friday, March 15, 2024. It was the worst weekly loss since October 6, 2023. VTR was trading at average weekly trading volume.

Long-term trend: [See VTR long-term trend chart]
A long-term downtrend had started on March 29, 2022 at 64.02 and reached 35.33 on October 13, 2022. VTR lost 28.69 points, or 44.81%, in 28 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (41.12) 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 long-term trend.

Medium-term trend: [See VTR medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 39.33 and reached 50.99 on December 28, 2023. VTR gained -11.66 points, or -29.65%, in 11 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 42.27 and resistance is at 44.13. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See VTR weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 9, 2024. Use the following link to access a MACD help.

Short-term trend: [See VTR short-term trend chart]
A short-term downtrend had started on December 28, 2023 at 50.99 and reached 41.92 on March 15, 2024. VTR lost 9.07 points, or 17.79%, in 78 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 39.58 and resistance is at 43.62. 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 short-term trend.

Daily Technical Indicators: [See VTR daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily Lane's Stochastic has bullish 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 daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since March 1, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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 price touches the lower 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) 46.61
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 47.35
Bullish
Greed/Fear Indicator (GFI) 31.32
Moving Average Converg./Diverg. (MACD) -0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.82
Williams' Percentage Range (W%R) 90.60
Strong Oversold
Lane's Stochastic (%D-Slow) 14.50
Oversold
Greed/Fear Indicator (GFI) 21.48
Moving Average Converg./Diverg. (MACD) 0.25
Trading Signals
Description Value Chart
50 Day Moving Average 45.63
Upper Bollinger Band 45.18
Parabolic System 44.58
Monthly Trendline Resistance 44.13
Weekly Trendline Resistance 43.62
20 Day Moving Average 43.43
Weekly Stochastic Crossing 42.92
Daily Stochastic Crossing 42.88
Price 42.48
Lower Bollinger Band 42.41
Monthly Trendline Support 42.27
Quarterly Trendline Support 41.12
Weekly Trendline Support 39.58
Quarterly Trendline Resistance 38.86
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Health Care REITs 18
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 44.65
High Date 03/11/2024
Low 41.92
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 43.62
Support 39.58
High 50.99
High Date 12/28/2023
Low 41.92
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 44.13
Support 42.27
Low 39.33
Low Date 10/06/2023
High 50.99
High Date 12/28/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 38.86
Support 41.12
High 64.02
High Date 03/29/2022
Low 35.33
Low Date 10/13/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.11
High Date 05/22/2013
Low 13.35
Low Date 03/18/2020
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.