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Downtrend Broken Resist.Archive
- 4/19/2024 -
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Vulcan Materials (VMC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Vulcan Materials (VMC). During the week, the VMC dropped -10.72 points, or -4.08%, and closed at 252.06 on Friday, April 19, 2024. Weekly volume was -18% below average.
VMC is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See VMC long-term trend chart]
A long-term uptrend had started on July 5, 2022 at 137.54 and reached 276.58 on March 27, 2024. VMC gained -139.04 points, or -101.09%, in 90 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 207.42 and resistance is at 277.73. 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 long-term trend.
 Medium-term trend: [See VMC medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 190.51 and reached 276.58 on March 27, 2024. VMC gained -86.07 points, or -45.18%, in 21 weeks. The price is now at the 28.49% retracement level.
 Weekly Technical Indicators: [See VMC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since December 15, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See VMC short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 272.77 and reached 251.32 on April 19, 2024. VMC lost 21.45 points, or 7.86%, in 15 days. Price is near the trend low.
 Daily Technical Indicators: [See VMC daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since March 8, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
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