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.
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.
5.73
When analyzing the support we can see 2 important areas.
We found 1 important resistance area.
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. |
7.5868
+0.27 (+3.72%)