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Downtrend ResistanceArchive
- 4/19/2024 -
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VIVENDI-ADR (V) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :  
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| | It was the negative week for the VIVENDI-ADR (V). During the week, the V dropped -6.18 points, or -2.24%, and closed at 269.78 on Friday, April 19, 2024. Weekly volume was 44% above average.
 Long-term trend: [See V long-term trend chart]
A long-term uptrend had started on June 28, 2023 at 226.02 and reached 290.96 on March 21, 2024. V gained -64.94 points, or -28.73%, in 38 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 231.38 and resistance is at 297.20. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See V medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 290.96 and reached 268.29 on April 19, 2024. V lost 22.67 points, or 7.79%, in 4 weeks. The price is now at the 6.57% retracement level.
 Weekly Technical Indicators: [See V weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 5, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See V short-term trend chart]
A short-term downtrend had started on April 17, 2024 at 274.00 and reached 268.29 on April 19, 2024. V lost 5.71 points, or 2.08%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See V daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish 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 daily MACD line is below its signal line since March 22, 2024. This is an indication that the short-term trend is down.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
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