The Greedy Trader Weekly Analysis
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- 5/29/2026 -
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Vanguard Information Technology ETF (VGT) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a ninth positive week after 5 consecutive negative weeks for the Vanguard Information Technology ETF (VGT). During the week, the VGT gained 5.31 points, or 4.59%, and closed at 121.06 on Friday, May 29, 2026. Weekly volume was 13% above average.

Long-term trend: [See VGT long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 36.45 and reached 121.50 on May 29, 2026. VGT gained -85.05 points, or -233.33%, in 189 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (66.70) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a long-term trend.

Medium-term trend: [See VGT medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 83.09 and reached 121.50 on May 29, 2026. VGT gained -38.41 points, or -46.23%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 118.26 and resistance is at 124.74. 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 VGT weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See VGT short-term trend chart]
A short-term uptrend had started on May 19, 2026 at 110.20 and reached 121.50 on May 29, 2026. VGT gained -11.30 points, or -10.25%, in 10 days. Price is near the trend high.

Daily Technical Indicators: [See VGT daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

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

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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 20 Day Moving Average 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) 71.40
Bearish
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 91.68
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 85.16
Overbought
Moving Average Converg./Diverg. (MACD) 4.44 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.55
Overbought
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 96.44
Strong Overbought
Greed/Fear Indicator (GFI) 87.50
Overbought
Moving Average Converg./Diverg. (MACD) 2.88
Trading Signals
Description Value Chart
Monthly Trendline Resistance 124.74
Price 121.06
Upper Bollinger Band 121.01
Daily Stochastic Crossing 120.65
Weekly Stochastic Crossing 120.27
Monthly Trendline Support 118.26
Parabolic System 115.91
20 Day Moving Average 112.96
Yearly Trendline Resistance 109.17
Lower Bollinger Band 104.07
50 Day Moving Average 101.92
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 110.20
Low Date 05/19/2026
High 121.50
High Date 05/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 110.20
Low Date 05/19/2026
High 121.50
High Date 05/29/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 124.74
Support 118.26
Low 83.09
Low Date 03/30/2026
High 121.50
High Date 05/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.38
Low Date 04/07/2025
High 121.50
High Date 05/29/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 109.17
Support 66.70
Low 36.45
Low Date 10/13/2022
High 121.50
High Date 05/29/2026
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.