The Greedy Trader Weekly Analysis
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Uptrend Broken Support

Uptrend Broken 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 Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 4/26/2024 -
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Vanguard Value ETF (VTV) Technical Analysis

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Summary:
Weekly :Broken trend support lineTrend resistance at 157.56
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week after 3 consecutive negative weeks for the Vanguard Value ETF (VTV). During the week, the VTV gained 1.95 points, or 1.25%, and closed at 157.91 on Friday, April 26, 2024. VTV was trading at average weekly trading volume.

Long-term trend: [See VTV long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 131.42 and reached 163.30 on March 28, 2024. VTV gained -31.88 points, or -24.26%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (165.80) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See VTV medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 163.30 and reached 154.12 on April 17, 2024. VTV lost 9.18 points, or 5.62%, in 2 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (157.56). 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 VTV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 24, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See VTV short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 154.12 and reached 158.54 on April 23, 2024. VTV gained -4.42 points, or -2.87%, in 6 days. The price is now at the 14.25% retracement level.

Daily Technical Indicators: [See VTV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.74
Williams' Percentage Range (W%R) 62.30
Lane's Stochastic (%D-Slow) 79.41
Greed/Fear Indicator (GFI) 51.29
Moving Average Converg./Diverg. (MACD) -0.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.35
Williams' Percentage Range (W%R) 28.50
Lane's Stochastic (%D-Slow) 64.90
Greed/Fear Indicator (GFI) 64.98
Moving Average Converg./Diverg. (MACD) 4.13
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 167.49
Quarterly Trendline Support 165.80
Upper Bollinger Band 162.50
Weekly Stochastic Crossing 159.45
20 Day Moving Average 158.24
50 Day Moving Average 158.00
Daily Stochastic Crossing 157.91
Price 157.91
Monthly Trendline Resistance 157.56
Parabolic System 154.65
Lower Bollinger Band 153.17
Monthly Trendline Support 150.15
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 154.12
Low Date 04/17/2024
High 158.54
High Date 04/23/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 154.12
Low Date 04/17/2024
High 158.54
High Date 04/23/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 157.56
Support 150.15
High 163.30
High Date 03/28/2024
Low 154.12
Low Date 04/17/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 167.49
Support 165.80
Low 131.42
Low Date 10/27/2023
High 163.30
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 122.54
Low Date 10/13/2022
High 163.30
High Date 03/28/2024
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.