V.F. Corp. Looks Bullish (Technical Analysis)

Core Viewpoint - V.F. Corp. (NYSE:VFC) shows bullish potential based on technical analysis, with positive indicators in price action, momentum, volume, and relative strength [2][4]. Price Action - VFC has recently traded above its 30-week exponential moving average (EMA), which is trending higher, indicating a bullish trend. This is a significant change from the previous three years when VFC traded below a downward trending 30-week EMA [4]. - The stock has maintained trading above the 30-week EMA for four consecutive weeks, a performance not seen in the last three years [4]. Momentum - The Percentage Price Oscillator (PPO) indicates short-term bullish momentum, with the black PPO line above the red signal line and a reading of 1.044, suggesting long-term bullish momentum as well [4]. - Long-term momentum has shifted to bullish after a prolonged decline below the 30-week EMA [4]. Volume Analysis - Recent volume spikes indicate that institutional investors, referred to as "smart money," have been accumulating shares of VFC, suggesting that they perceive the stock as undervalued [4]. - The volume analysis shows more significant buying activity (black spikes) compared to selling activity (red spikes) over the past four weeks [4]. Relative Strength - VFC has underperformed the S&P 500 index for most of the past three years, but recent performance indicates an improvement, with VFC showing better relative strength since May [4].