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Archive
- 1/15/2021 -
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VORNADO RLTY TR (VNO)

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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement level
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the VORNADO RLTY TR (VNO). During the week, the VNO gained 2.48 points, or 6.87%, and closed at 38.56 on Friday, January 15, 2021. It was the best weekly gain since November 13, 2020. Weekly volume was -17% below average.

Long-term trend: [See VNO long-term trend chart]
A long-term downtrend had started on August 29, 2018 at 77.59 and reached 27.64 on March 23, 2020. VNO lost 49.95 points, or 64.38%, in 81 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See VNO medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 27.64 and reached 45.96 on June 8, 2020. VNO gained -18.32 points, or -66.28%, in 11 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 30.51 and resistance is at 42.58. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since June 5, 2020. 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 VNO short-term trend chart]
A short-term downtrend had started on November 24, 2020 at 43.35 and reached 35.02 on December 22, 2020. VNO lost 8.33 points, or 19.22%, in 28 days. The price is now at the 42.50% retracement level.

Daily Technical Indicators: [See VNO daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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 distance between the Bollinger Bands is falling, and it was 9.23% on Friday. It is 64.13% lower than one year average. It indicates the period of low volatility of the stock price. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.67
Williams' Percentage Range (W%R) 24.10
Lane's Stochastic (%D-Slow) 56.52
Greed/Fear Indicator (GFI) 64.37
Moving Average Converg./Diverg. (MACD) -0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.64
Williams' Percentage Range (W%R) 41.20
Lane's Stochastic (%D-Slow) 49.58
Greed/Fear Indicator (GFI) 54.34
Moving Average Converg./Diverg. (MACD) -1.28
Trading Signals
Description Value Chart
Weekly Trendline Resistance 42.58
Weekly Stochastic Crossing 38.81
Upper Bollinger Band 38.78
Price 38.56
50 Day Moving Average 37.87
Daily Stochastic Crossing 37.49
20 Day Moving Average 36.56
Lower Bollinger Band 35.23
Parabolic System 35.13
Sector and Industry
Description Name Rank
Sector Real Estate 4
Industry Office REITs 39
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 43.35
High Date 11/24/2020
Low 35.02
Low Date 12/22/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 42.58
Support 30.51
Low 27.64
Low Date 03/23/2020
High 45.96
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.59
High Date 08/29/2018
Low 27.64
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 111.72
High Date 02/22/2017
Low 27.64
Low Date 03/23/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 126.62
High Date 01/15/2015
Low 27.64
Low Date 03/23/2020
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.

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