VERTICAL AEROSPACE LTD (EVTL) Stock Technical Analysis
NYSE:EVTL - New York Stock Exchange, Inc. - KYG9471C2068 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to EVTL. Although EVTL has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
EVTL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EVTL is lagging the market.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, EVTL did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
EVTL is part of the Aerospace & Defense industry. There are 65 other stocks in this industry, EVTL did better than 46% of them.
In the last month EVTL has a been trading in the 4.70 - 6.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, EVTL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.78. Right above this resistance zone may be a good entry point.
More info and screens
4.87
6.27
2 important support areas can be observed.
- A support zone ranging from 5.25 to 5.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.92 to 4.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.78 to 5.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.16 to 6.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for EVTL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EVTL is up. |
| ChartMill Relative Strength | 86.05 | POSITIVE | EVTL has a high relative strength, it outperformed 86.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVTL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVTL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EVTL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.96 | NEUTRAL | The RSI value for EVTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EVTL has a negative trend. |
| Stochastics (14,3) | 66.48 | NEUTRAL | The Stochastics value for EVTL is a neutral value. |
| Average True Range in percent/ATR (20) | 10.24 | HIGH VOLATILITY | The high ATR as a percentage value for EVTL suggests high volalility. |
| Average Directional Index/ADX (14) | 30.77 | POSITIVE | The high ADX value value for EVTL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.87 | 5.24 | 0.63 (10.73%) | 9.32% |
| An entry @5.87. This is a Buy Stop order right above the resistance zone. | An exit @5.24. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.63 points, which is 10.73%. | For a 1.00% total portfolio risk, you can invest 9.32% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EVTL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.71
-0.22 (-3.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-3.71%
1 Week6.13%
2 Weeks7.33%
1 Month0.35%
3 Month62.22%
6 Month-25.94%
12 Month-20.58%
2 Year-71.02%
3 Year-81.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%10.24%
ATR Inc-18.84%
Range Today0.53
ADR(20)0.56
ADR(20)%9.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.05
Mansfield-1.64
10 Day High6.33
10 Day Low4.7
20 Day High6.48
20 Day Low4.7
52 Week High15.99
52 Week Low2.76
CS1 End5.31
CR1 Start5.78
Volume & EV
DER(3)2.62%
DER(5)0.07%
Volume892.10K
Volume Incr150.87%
Vol(5)1.45M
Vol(50)470.09K