VNO: Bullish Engulfing detected on 23 Oct 2026

VNO has formed a bullish engulfing pattern within a broader double-bottom structure that formed on September 10, with the pattern now 44 days old. The setup sits at $34.34, sandwiched between support at $32.04 and resistance at $35.08. Pattern quality scores are solid across the board—structure at 12.69/15, breakout at 13.0/13, and volume at 11.14/12—reflecting moderate-to-good pattern integrity. The overall score of 78.83/98 and 66.54% win probability indicate a credible setup. Volume is elevated at 1.42x average, supporting the emerging pattern. Price is 17.45% below the 52-week high but 39.76% above the 52-week low, positioning VNO in recovery mode.

VNO is scheduled to release Q3 2026 earnings on November 2, 2026, with a conference call on November 3. In Q2 2026, VNO posted revenues of $462.2M, a 4.71% increase year-over-year. However, Q1 2026 saw a net loss of $22.8M and FFO adjusted declined to $0.52 per share from $0.63 in the prior year, primarily reflecting higher net interest expense. VNO presented at the BofA NY Global Real Estate Conference on September 15, 2026, providing investors with commentary on its New York-focused office and retail portfolio. On September 29, 2026, Executive Vice President Haim Chera sold 90,000 shares at an average of $34.01, occurring just as the pattern began forming.

A successful bullish engulfing breakout would target $36.04 (the conservative measured move), representing a 5.0% gain from current price. Volume confirmation is expected on any move through resistance at $35.08—the setup requires above-average volume to validate continuation. The invalidation level sits at $32.04; a close below support would signal pattern failure and reverse the bullish thesis. With a 66.54% win probability, the pattern suggests higher odds of an upside follow-through, though nearly one-third of similar setups fail. The test of resistance at $35.08 will be the critical near-term hurdle.

Insider selling by EVP Chera in late September raises a caution flag for conviction at current levels. Cash-basis same-store NOI declined 2.9% year-over-year in Q1, with a severe 51.2% drop at 555 California Street, signaling weakness in realized cash flows despite GAAP growth. The real estate sector regime is weak at 0.36 score despite broader market bullishness. RSI at 52.27 is neutral, but elevated 20-day volatility of 30.72% and beta of 1.05 mean this stock swings sharply in market corrections. Earnings in November could trigger sharp repricing. The 3-month loss of -13.54% reflects recent selling pressure before this pattern formed.

We scan more than 6,000 NYSE and NASDAQ stocks every trading day and compare each detected pattern against a database of 370,000+ historical detections. Every setup is scored across three dimensions: Structure, Volume, and Breakout Readiness. Win probability is a calibrated estimate of how similar historical setups performed over the following 10 trading days. This is a swing trading tool built for multi-day holds. It is not built or tested for day trading.