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Downtrend Broken Resist.Archive
- 5/17/2024 -
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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 gained 0.51 points, or 2.11%, and closed at 24.73 on Friday, May 17, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was -42% 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 23.30 on May 8, 2024. VNO lost 8.91 points, or 27.66%, in 20 weeks. The price is now at the 16.05% retracement 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. 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 23.30 on May 8, 2024. VNO lost 6.72 points, or 22.39%, in 29 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 22.56 and resistance is at 26.97. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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 below its signal line since April 12, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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