EVTL Technical Analysis - VERTICAL AEROSPACE LTD

Technical Rating and Analysis

Overall EVTL gets a technical rating of 0 out of 10. EVTL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

90% of all other stocks performed better in the past year than EVTL.

EVTL is one of the lesser performing stocks in the Aerospace & Defense industry. 81% of 70 stocks in the same industry do better.

EVTL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month EVTL has a been trading in the 4.70 - 6.40 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

EVTL has an average volume of 1565870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VERTICAL AEROSPACE LTD / EVTL Weekly stock chart

VERTICAL AEROSPACE LTD / EVTL Daily stock chart

Setup Rating and Analysis

The technical rating of EVTL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.55

6.36

We found 1 important support area.

Support @4.60 from a horizontal line in the weekly time frame.

5 important resistance areas can be observed.

A resistance zone ranging from 4.85 to 4.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 5.24 to 5.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @5.76 from a trend line in the weekly time frame.
Resistance @6.04 from a trend line in the daily time frame.
Resistance @6.30 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for EVTL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EVTL is down.
ChartMill Relative Strength	10.58	NEGATIVE	EVTL has a low relative strength, it was outperformed by 89.42% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EVTL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of EVTL is below a declining 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)	40.6	NEUTRAL	The RSI value for EVTL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.12	NEGATIVE	The MACD value suggests EVTL has a negative trend.
Stochastics (14,3)	9.8	OVERSOLD	The low Stochastics value suggests EVTL may be oversold.
Average True Range in percent/ATR (20)	8.77	HIGH VOLATILITY	The high ATR as a percentage value for EVTL suggests high volalility.
Average Directional Index/ADX (14)	12.42	NEGATIVE	The low ADX value for EVTL suggests a weak or negative trend.