The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance 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. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 4/26/2024 -
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Vanguard Mid-Cap Value ETF (VOE) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price is close to 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 Mid-Cap Value ETF (VOE). During the week, the VOE gained 1.68 points, or 1.13%, and closed at 150.08 on Friday, April 26, 2024. Weekly volume was -8% below average.

Long-term trend: [See VOE long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 119.81 and reached 156.27 on March 28, 2024. VOE gained -36.46 points, or -30.43%, in 76 weeks. The price is now at the 16.98% retracement level.

Medium-term trend: [See VOE medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 123.96 and reached 156.27 on March 28, 2024. VOE gained -32.31 points, or -26.06%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (160.39) 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 medium-term trend.

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

The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See VOE short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 156.27 and reached 146.37 on April 16, 2024. VOE lost 9.90 points, or 6.34%, in 19 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See VOE 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. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

The price is close to 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) 33.33
Williams' Percentage Range (W%R) 59.70
Lane's Stochastic (%D-Slow) 75.11
Greed/Fear Indicator (GFI) 49.58
Moving Average Converg./Diverg. (MACD) -0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.99
Williams' Percentage Range (W%R) 32.90
Lane's Stochastic (%D-Slow) 64.52
Greed/Fear Indicator (GFI) 63.01
Moving Average Converg./Diverg. (MACD) 3.64
Trading Signals
Description Value Chart
Monthly Trendline Support 160.39
Monthly Trendline Resistance 158.98
Upper Bollinger Band 155.31
Weekly Stochastic Crossing 152.08
20 Day Moving Average 150.78
50 Day Moving Average 150.48
Price 150.08
Daily Stochastic Crossing 150.00
Parabolic System 147.13
Lower Bollinger Band 145.24
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 146.37
Low Date 04/16/2024
High 150.80
High Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 156.27
High Date 03/28/2024
Low 146.37
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 158.98
Support 160.39
Low 123.96
Low Date 10/27/2023
High 156.27
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 119.81
Low Date 10/13/2022
High 156.27
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 154.69
High Date 04/21/2022
Low 119.81
Low Date 10/13/2022
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.