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

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- 6/6/2025 -
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Vanguard Information Technology ETF (VGT) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtTrend resistance at 635.27
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index and Lane's Stochastic bearish divergenceTrend support at 627.63The price touches the upper Bollinger Band
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It was a second consecutive positive week for the Vanguard Information Technology ETF (VGT). During the week, the VGT gained 20.05 points, or 3.31%, and closed at 626.42 on Friday, June 6, 2025. Weekly volume was -15% below average.

Long-term trend: [See VGT long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 291.61 and reached 648.80 on January 24, 2025. VGT gained -357.19 points, or -122.49%, in 119 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 583.47 and resistance is at 682.67. 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 long-term trend.

Medium-term trend: [See VGT medium-term trend chart]
A medium-term downtrend had started on January 24, 2025 at 648.80 and reached 451.00 on April 7, 2025. VGT lost 197.80 points, or 30.49%, in 10 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The price is near the trend resistance line (635.27). 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 medium-term trend.

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

The weekly MACD line is above its signal line since May 16, 2025. 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 April 7, 2025 at 451.00 and reached 630.49 on June 5, 2025. VGT gained -179.49 points, or -39.80%, in 59 days. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (627.63) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.

Daily Technical Indicators: [See VGT daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic 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 below its signal line since May 27, 2025. The distance between MACD and the signal line is low and getting smaller.

The price touches the upper Bollinger Band. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.78
Bearish
Williams' Percentage Range (W%R) 6.20
Strong Overbought
Lane's Stochastic (%D-Slow) 86.85
Overbought Bearish
Greed/Fear Indicator (GFI) 79.13
Moving Average Converg./Diverg. (MACD) 15.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.32
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 92.58
Strong Overbought
Greed/Fear Indicator (GFI) 79.26
Moving Average Converg./Diverg. (MACD) -6.44
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 682.67
Weekly Trendline Resistance 667.16
Monthly Trendline Resistance 635.27
Weekly Trendline Support 627.63
Upper Bollinger Band 627.04
Daily Stochastic Crossing 626.87
Price 626.42
Weekly Stochastic Crossing 623.97
20 Day Moving Average 609.57
Parabolic System 602.24
Quarterly Trendline Support 583.47
Lower Bollinger Band 579.14
50 Day Moving Average 562.54
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 590.08
Low Date 05/23/2025
High 630.49
High Date 06/05/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 667.16
Support 627.63
Low 451.00
Low Date 04/07/2025
High 630.49
High Date 06/05/2025
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Test Resistance
Resistance 635.27
Support 310.59
High 648.80
High Date 01/24/2025
Low 451.00
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 682.67
Support 583.47
Low 291.61
Low Date 10/13/2022
High 648.80
High Date 01/24/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.85
Low Date 11/21/2008
High 648.80
High Date 01/24/2025
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.