VIVANI MEDICAL INC (VANI) Stock Technical Analysis
NASDAQ:VANI - Nasdaq - US92854B1098 - Common Stock - Currency: USD
Taking everything into account, VANI scores 8 out of 10 in our technical rating. Although VANI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
VANI is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. VANI outperforms 80% of them.
A new 52 week high is currently being made by VANI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month VANI has a been trading in the 1.13 - 1.50 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that VANI is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although VANI 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
0.96
1.41
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.24 to 1.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.18 from a horizontal line in the daily time frame.
- Support @1.08 from a trend line in the daily time frame.
- Support @0.97 from a trend 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 | UP | POSITIVE | The long term trend for VANI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VANI is up. |
| ChartMill Relative Strength | 78.65 | POSITIVE | VANI has a high relative strength, it outperformed 78.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VANI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VANI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VANI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.26 | OVERBOUGHT | The high RSI value suggests VANI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests VANI has a positive trend. |
| Stochastics (14,3) | 64.14 | NEUTRAL | The Stochastics value for VANI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.66 | MEDIUM VOLATILITY | The ATR as a percentage value for VANI suggests some volalility. |
| Average Directional Index/ADX (14) | 45.3 | POSITIVE | The high ADX value value for VANI 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)
1.4
+0.13 (+10.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg10.24%
1 Week11.11%
2 Weeks6.87%
1 Month17.65%
3 Month37.25%
6 Month15.7%
12 Month4.48%
2 Year11.11%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%4.66%
ATR Inc110.6%
Range Today0.24
ADR(20)0.06
ADR(20)%4.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.65
Mansfield0.81
10 Day High1.5
10 Day Low1.24
20 Day High1.5
20 Day Low1.13
52 Week High1.5
52 Week Low0.91
CS1 End1.26
CR1 StartN/A
Volume & EV
DER(3)6.46%
DER(5)4.39%
Volume305.10K
Volume Incr-23.99%
Vol(5)111.38K
Vol(50)104.94K