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Downtrend ExhaustionArchive
- 4/26/2024 -
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VORNADO RLTY TR (VNO) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the VORNADO RLTY TR (VNO). During the week, the VNO climbed 0.17 points, or 0.65%, and closed at 26.26 on Friday, April 26, 2024. Weekly volume was -53% 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. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (26.85) 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 long-term trend.
 Medium-term trend: [See VNO medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 32.21 and reached 24.17 on February 13, 2024. VNO lost 8.04 points, or 24.96%, in 8 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See VNO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 9, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See VNO short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 24.17 and reached 30.02 on April 9, 2024. VNO gained -5.85 points, or -24.20%, in 56 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 25.14 and resistance is at 31.84. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See VNO daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 12, 2024. The distance between MACD and the signal line is low and getting smaller.
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