Vedanta Limited (VEDL) Stock Technical Analysis
NYSE:VEDL - New York Stock Exchange, Inc. - - Currency: USD
Taking everything into account, VEDL scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, VEDL has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that VEDL is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, VEDL also shows a nice and consistent pattern of rising prices.
VEDL is part of the Metals & Mining industry. There are 154 other stocks in this industry. VEDL outperforms 81% of them.
VEDL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so VEDL is performing more or less in line with the market.
VEDL has an average volume of 2016470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month VEDL has a been trading in the 15.02 - 20.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
VEDL has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
15.06
18.08
We found 2 important support areas.
- A support zone ranging from 15.98 to 16.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.21 to 15.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.57 to 16.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @17.90 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 | UP | POSITIVE | The long term trend for VEDL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VEDL is neutral. |
| ChartMill Relative Strength | 95.6 | POSITIVE | VEDL has a high relative strength, it outperformed 95.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VEDL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of VEDL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VEDL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.35 | NEUTRAL | The RSI value for VEDL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests VEDL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.41 | NEUTRAL | The Stochastics value for VEDL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for VEDL suggests some volalility. |
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)
16.5
-0.22 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.32%
1 Week3.9%
2 Weeks-3.57%
1 Month3%
3 Month-6.41%
6 Month9.49%
12 Month181.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%4.27%
ATR Inc6.08%
Range Today1.1
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.6
Mansfield1.2
10 Day High17.41
10 Day Low15.02
20 Day High20.14
20 Day Low15.02
52 Week High20.14
52 Week Low5.83
CS1 End16.37
CR1 Start16.57
Volume & EV
DER(3)0.19%
DER(5)0.76%
Volume16.85M
Volume Incr178.82%
Vol(5)6.04M
Vol(50)2.02M