The Greedy Trader Weekly Analysis
Sign In Dec 1, 2023
Skip Navigation Links
Number of records: 1
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Uptrend Support

Uptrend Support 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 Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

Archive
- 11/24/2023 -
Sign In to see current Signals.

Vanguard Small Cap Growth ETF (VBK) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Trend resistance at 218.51
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
Move cursor over the icon to see details.

It was a second consecutive positive week for the Vanguard Small Cap Growth ETF (VBK). During the week, the VBK gained 2.65 points, or 1.24%, and closed at 217.19 on Friday, November 24, 2023. Weekly volume was 7% above average.

Long-term trend: [See VBK long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 186.95 and reached 240.76 on July 19, 2023. VBK gained -53.81 points, or -28.78%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 192.60 and resistance is at 242.58. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See VBK medium-term trend chart]
A medium-term downtrend had started on July 19, 2023 at 240.76 and reached 195.63 on October 30, 2023. VBK lost 45.13 points, or 18.74%, in 14 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (218.51). 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 medium-term trend.

Weekly Technical Indicators: [See VBK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since August 18, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See VBK short-term trend chart]
A short-term uptrend had started on October 30, 2023 at 195.63 and reached 218.83 on November 15, 2023. VBK gained -23.20 points, or -11.86%, in 16 days. The price is now at the 7.07% retracement level.

Daily Technical Indicators: [See VBK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since November 1, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.93
Williams' Percentage Range (W%R) 13.30
Overbought
Lane's Stochastic (%D-Slow) 82.07
Overbought
Greed/Fear Indicator (GFI) 77.24
Moving Average Converg./Diverg. (MACD) 0.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.65
Williams' Percentage Range (W%R) 55.40
Lane's Stochastic (%D-Slow) 34.81
Greed/Fear Indicator (GFI) 41.56
Moving Average Converg./Diverg. (MACD) -2.02
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 242.58
Upper Bollinger Band 224.11
Monthly Trendline Resistance 218.51
Daily Stochastic Crossing 217.44
Price 217.19
Parabolic System 210.56
50 Day Moving Average 209.85
20 Day Moving Average 207.95
Weekly Stochastic Crossing 205.53
Lower Bollinger Band 197.29
Quarterly Trendline Support 192.60
Monthly Trendline Support 187.86
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 211.36
Low Date 11/16/2023
High 217.53
High Date 11/24/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 195.63
Low Date 10/30/2023
High 218.83
High Date 11/15/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 218.51
Support 187.86
High 240.76
High Date 07/19/2023
Low 195.63
Low Date 10/30/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 242.58
Support 192.60
Low 186.95
Low Date 06/16/2022
High 240.76
High Date 07/19/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 306.78
High Date 11/08/2021
Low 186.95
Low Date 06/16/2022
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.