VIVANI MEDICAL INC (VANI) Stock Technical Analysis
NASDAQ:VANI • US92854B1098
We assign a technical rating of 0 out of 10 to VANI. VANI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 61% of all other stocks performed better in the past year than VANI.
- In the last month VANI has a been trading in the 1.16 - 1.51 range, which is quite wide. It is currently trading near the lows of this range.
- VANI is an average performer in the Health Care Equipment & Supplies industry, it outperforms 63% of 184 stocks in the same industry.
- VANI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VANI is lagging the market.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, VANI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.31. Right above this resistance zone may be a good entry point.
More info and screens
1.13
We found 2 important support areas.
- A support zone ranging from 1.16 to 1.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.14 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.31 to 1.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.41 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.53 from a horizontal line in the daily time frame.
- Resistance @1.60 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 | DOWN | NEGATIVE | The long term trend for VANI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VANI is down. |
| ChartMill Relative Strength | 39.93 | NEUTRAL | VANI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VANI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VANI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of VANI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.13 | NEUTRAL | The RSI value for VANI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VANI has a negative trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for VANI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for VANI suggests high volalility. |
| Average Directional Index/ADX (14) | 12.19 | NEGATIVE | The low ADX value for VANI suggests a weak or negative trend. |
1.23
-0.02 (-1.6%)
VIVANI MEDICAL INC / VANI FAQ
Can you provide the ChartMill technical rating for VIVANI MEDICAL INC?
ChartMill assigns a technical rating of 0 / 10 to VANI.
What is the trend direction for VANI stock?
The current trend direction for VIVANI MEDICAL INC (VANI) is Bearish.
Can you provide the RSI signal for VIVANI MEDICAL INC?
VIVANI MEDICAL INC (VANI) has an RSI value of 43.1306. This indicates that the stock is currently neutral.
What is the short term momentum for VANI stock?
The short term momentum for VIVANI MEDICAL INC (VANI) is negative.
Can you provide the support and resistance levels for VIVANI MEDICAL INC?
VIVANI MEDICAL INC (VANI) has a support level at 1.17 and a resistance level at 1.31. Check the full technical report for our detailed analysis of VANI support and resistance levels.