The Greedy Trader Weekly Analysis
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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
- 10/2/2026 -
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Vanguard Information Technology ETF (VGT) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineMACD bearish divergence
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It was a third consecutive positive week for the Vanguard Information Technology ETF (VGT). During the week, the VGT gained 2.15 points, or 1.70%, and closed at 128.32 on Friday, October 2, 2026. Weekly volume was 11% 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 129.35 on October 2, 2026. VGT gained -92.90 points, or -254.87%, in 207 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (69.42) 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 129.35 on October 2, 2026. VGT gained -46.26 points, or -55.67%, in 26 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (123.86) 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 medium-term trend.

Weekly Technical Indicators: [See VGT weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 August 24, 2026 at 115.91 and reached 129.35 on October 2, 2026. VGT gained -13.44 points, or -11.60%, in 39 days. The price is now at the 7.66% retracement level.

Daily Technical Indicators: [See VGT daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily MACD has bearish 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 bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since September 17, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.52
Overbought
Williams' Percentage Range (W%R) 2.40
Strong Overbought
Lane's Stochastic (%D-Slow) 81.46
Overbought
Greed/Fear Indicator (GFI) 86.51
Overbought
Moving Average Converg./Diverg. (MACD) 1.65 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.65
Williams' Percentage Range (W%R) 1.30
Strong Overbought
Lane's Stochastic (%D-Slow) 85.79
Overbought
Greed/Fear Indicator (GFI) 80.46
Overbought
Moving Average Converg./Diverg. (MACD) 5.80
Trading Signals
Description Value Chart
Upper Bollinger Band 129.69
Daily Stochastic Crossing 128.33
Price 128.32
Weekly Stochastic Crossing 127.73
Parabolic System 124.30
Monthly Trendline Support 123.86
20 Day Moving Average 123.22
Monthly Trendline Resistance 121.62
50 Day Moving Average 120.22
Lower Bollinger Band 117.82
Yearly Trendline Resistance 115.53
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 115.91
Low Date 08/24/2026
High 129.35
High Date 10/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 108.10
Low Date 07/29/2026
High 129.35
High Date 10/02/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 121.62
Support 123.86
Low 83.09
Low Date 03/30/2026
High 129.35
High Date 10/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.38
Low Date 04/07/2025
High 129.35
High Date 10/02/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 115.53
Support 69.42
Low 36.45
Low Date 10/13/2022
High 129.35
High Date 10/02/2026
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.