We assign a technical rating of 2 out of 10 to VEEA. In the past year, VEEA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of VEEA is bad and it also does not present a 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
0.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.63 to 0.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.48 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.74 from a horizontal line in the daily 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 VEEA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VEEA is up. |
| ChartMill Relative Strength | 10.1 | NEGATIVE | VEEA has a low relative strength, it was outperformed by 89.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VEEA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of VEEA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VEEA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.38 | NEUTRAL | The RSI value for VEEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests VEEA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.24 | OVERBOUGHT | The high Stochastics value suggests VEEA may be overbought. |
| Average True Range in percent/ATR (20) | 10.84 | HIGH VOLATILITY | The high ATR as a percentage value for VEEA suggests high volalility. |
| Average Directional Index/ADX (14) | 29.52 | POSITIVE | The high ADX value value for VEEA suggests a strong trend. |
0.65
-0.08 (-11.35%)
VEEA INC / VEEA FAQ
What is the ChartMill technical rating of VEEA INC (VEEA) stock?
ChartMill assigns a technical rating of 2 / 10 to VEEA.
Can you provide the trend direction for VEEA INC?
The current trend direction for VEEA INC (VEEA) is Bearish.
What is the RSI signal for VEEA INC (VEEA) stock?
VEEA INC (VEEA) has an RSI value of 58.3758. This indicates that the stock is currently neutral.
What is the short term momentum for VEEA INC (VEEA) stock?
The short term momentum for VEEA INC (VEEA) is positive.
Can you provide the support and resistance levels for VEEA INC?
VEEA INC (VEEA) has a support level at 0.64 and a resistance level at 0.74. Check the full technical report for our detailed analysis of VEEA support and resistance levels.