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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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- 11/15/2024 -
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Vanguard Extended Market Index ETF (VXF) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARTrend resistance at 193.02
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It was the negative week for the Vanguard Extended Market Index ETF (VXF). During the week, the VXF dropped -5.20 points, or -2.62%, and closed at 193.00 on Friday, November 15, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was -15% below average.

Long-term trend: [See VXF long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 123.74 and reached 201.90 on November 11, 2024. VXF gained -78.16 points, or -63.16%, in 108 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (140.85) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See VXF medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 131.80 and reached 201.90 on November 11, 2024. VXF gained -70.10 points, or -53.19%, in 54 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (165.42) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See VXF weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 13, 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 VXF short-term trend chart]
A short-term uptrend had started on August 5, 2024 at 159.39 and reached 201.90 on November 11, 2024. VXF gained -42.51 points, or -26.67%, in 98 days. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (193.02). 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 short-term trend.

Daily Technical Indicators: [See VXF daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since November 5, 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.34
Williams' Percentage Range (W%R) 32.90
Lane's Stochastic (%D-Slow) 76.07
Greed/Fear Indicator (GFI) 68.49
Moving Average Converg./Diverg. (MACD) 3.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.49
Williams' Percentage Range (W%R) 15.50
Overbought
Lane's Stochastic (%D-Slow) 87.78
Overbought
Greed/Fear Indicator (GFI) 77.37
Moving Average Converg./Diverg. (MACD) 4.55
Trading Signals
Description Value Chart
Upper Bollinger Band 203.87
Parabolic System 201.71
Daily Stochastic Crossing 199.11
Weekly Stochastic Crossing 198.49
Weekly Trendline Resistance 193.02
Price 193.00
Quarterly Trendline Resistance 190.58
20 Day Moving Average 189.78
Weekly Trendline Support 189.62
50 Day Moving Average 184.34
Lower Bollinger Band 178.28
Yearly Trendline Resistance 167.46
Quarterly Trendline Support 165.42
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 201.90
High Date 11/11/2024
Low 192.40
Low Date 11/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 193.02
Support 189.62
Low 159.39
Low Date 08/05/2024
High 201.90
High Date 11/11/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 160.67
Low Date 04/19/2024
High 201.90
High Date 11/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 190.58
Support 165.42
Low 131.80
Low Date 10/27/2023
High 201.90
High Date 11/11/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 167.46
Support 140.85
Low 123.74
Low Date 10/13/2022
High 201.90
High Date 11/11/2024
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.