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Downtrend Broken Resist.Archive
- 6/7/2024 -
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VORNADO RLTY TR (VNO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the VORNADO RLTY TR (VNO). During the week, the VNO dropped -0.30 points, or -1.22%, and closed at 24.22 on Friday, June 7, 2024. Weekly volume was -34% below average.
 Long-term trend: [See VNO long-term trend chart]
A long-term uptrend had started on May 17, 2023 at 12.31 and reached 32.21 on December 14, 2023. VNO gained -19.90 points, or -161.66%, in 30 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See VNO medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 32.21 and reached 22.42 on May 29, 2024. VNO lost 9.79 points, or 30.39%, in 23 weeks. The price is now at the 18.39% retracement level.
 Weekly Technical Indicators: [See VNO weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 and Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 9, 2024. This is an indication that the medium-term trend is down. 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 April 9, 2024 at 30.02 and reached 22.42 on May 29, 2024. VNO lost 7.60 points, or 25.32%, in 50 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 21.70 and resistance is at 24.61. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See VNO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 30, 2024. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below the moving average in the center of the Bollinger Bands. 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.
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