The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Number of records: 6
Share
Symbol:  

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

Uptrend Exhaustion

Uptrend Exhaustion 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 Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

Archive
- 3/15/2024 -
Sign In to see current Signals.

Vertex Pharmaceuticals (VRTX) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Weekly  MACD line has moved below its signal lineTrend resistance at 397.18
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic and MACD bullish divergence
Move cursor over the icon to see details.

It was the negative week for the Vertex Pharmaceuticals (VRTX). During the week, the VRTX dropped -5.90 points, or -1.43%, and closed at 407.69 on Friday, March 15, 2024. VRTX was trading at average weekly trading volume.

Long-term trend: [See VRTX long-term trend chart]
A long-term uptrend had started on November 11, 2003 at 7.83 and reached 448.40 on January 30, 2024. VRTX gained -440.57 points, or -5626.69%, in 1055 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (397.18). 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 long-term trend.

Medium-term trend: [See VRTX medium-term trend chart]
A medium-term uptrend had started on October 6, 2021 at 176.36 and reached 448.40 on January 30, 2024. VRTX gained -272.04 points, or -154.25%, in 120 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 362.08 and resistance is at 413.54. 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 medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See VRTX short-term trend chart]
A short-term downtrend had started on February 27, 2024 at 437.00 and reached 406.97 on March 15, 2024. VRTX lost 30.03 points, or 6.87%, in 17 days. Price is near the trend low.

Daily Technical Indicators: [See VRTX 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 Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.21
Williams' Percentage Range (W%R) 89.60
Oversold
Lane's Stochastic (%D-Slow) 12.17
Oversold Bullish
Greed/Fear Indicator (GFI) 16.94
Oversold
Moving Average Converg./Diverg. (MACD) -1.99 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.95
Williams' Percentage Range (W%R) 36.00
Lane's Stochastic (%D-Slow) 43.13
Greed/Fear Indicator (GFI) 52.61
Moving Average Converg./Diverg. (MACD) 19.69
Trading Signals
Description Value Chart
Upper Bollinger Band 433.71
50 Day Moving Average 424.51
Weekly Stochastic Crossing 421.91
20 Day Moving Average 419.81
Parabolic System 417.28
Quarterly Trendline Resistance 413.54
Daily Stochastic Crossing 408.12
Price 407.69
Lower Bollinger Band 401.32
Yearly Trendline Resistance 397.18
Quarterly Trendline Support 362.08
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Biotechnology 15
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 437.00
High Date 02/27/2024
Low 406.97
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 448.40
High Date 01/30/2024
Low 406.97
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 283.60
Low Date 03/08/2023
High 448.40
High Date 01/30/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 413.54
Support 362.08
Low 176.36
Low Date 10/06/2021
High 448.40
High Date 01/30/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 397.18
Support 97.13
Low 7.83
Low Date 11/11/2003
High 448.40
High Date 01/30/2024
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.