VALNEVA SE - ADR (VALN) Stock Technical Analysis
NASDAQ:VALN - Nasdaq - US92025Y1038 - ADR - Currency: USD
We assign a technical rating of 7 out of 10 to VALN. VALN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
VALN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VALN is lagging the market slightly.
In the last month VALN has a been trading in the 5.50 - 8.50 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, VALN outperforms 52% of them, which is more or less in line with the market.
VALN is part of the Biotechnology industry. There are 556 other stocks in this industry, VALN did better than 67% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although VALN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.73
7.68
When analyzing the support we can see 2 important areas.
- Support @5.93 from a trend line in the weekly time frame.
- Support @5.79 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @7.60 from a horizontal line in the weekly 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 VALN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VALN is up. |
| ChartMill Relative Strength | 52.62 | NEUTRAL | VALN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VALN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VALN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VALN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.55 | OVERBOUGHT | The high RSI value suggests VALN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests VALN has a positive trend. |
| Stochastics (14,3) | 70.24 | NEUTRAL | The Stochastics value for VALN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for VALN suggests high volalility. |
| Average Directional Index/ADX (14) | 29.7 | POSITIVE | The high ADX value value for VALN 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)
7.5868
+0.27 (+3.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.72%
1 Week16.72%
2 Weeks26.24%
1 Month37.88%
3 Month7.92%
6 Month54.83%
12 Month4.65%
2 Year-48.8%
3 Year-62.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%5.15%
ATR Inc323.77%
Range Today0.96
ADR(20)0.35
ADR(20)%4.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.62
Mansfield1.46
10 Day High8.5
10 Day Low5.82
20 Day High8.5
20 Day Low5.5
52 Week High8.66
52 Week Low3.62
CS1 End5.93
CR1 Start7.6
Volume & EV
DER(3)11.33%
DER(5)5.74%
Volume358.40K
Volume Incr666.48%
Vol(5)97.88K
Vol(50)49.08K