VELOCITY ACQUISITION CORP-A (VELO) Stock Technical Analysis
NASDAQ:VELO - Nasdaq - US92259E1047 - Common Stock - Currency: USD
Overall VELO gets a technical rating of 8 out of 10. Both in the recent history as in the last year, VELO 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 gets the benefit of the doubt for now.
Looking at the yearly performance, VELO did better than 77% of all other stocks. On top of that, VELO also shows a nice and consistent pattern of rising prices.
VELO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VELO is lagging the market slightly.
In the last month VELO has a been trading in a tight range between 10.00 and 10.18.
Although VELO has an excellent technical rating, it does not offer a high quality setup 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
9.53
10.22
When analyzing the support we notice one important area.
- A support zone ranging from 9.63 to 10.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.05 to 10.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 VELO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VELO is neutral. |
| ChartMill Relative Strength | 77.32 | POSITIVE | VELO has a high relative strength, it outperformed 77.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VELO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VELO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VELO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.4 | NEUTRAL | The RSI value for VELO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VELO has a negative trend. |
| Stochastics (14,3) | 14.04 | OVERSOLD | The low Stochastics value suggests VELO may be oversold. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for VELO suggests low volalility. |
| Average Directional Index/ADX (14) | 35.33 | POSITIVE | The high ADX value value for VELO 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)
10.02
-0.04 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.35%
1 Week-0.48%
2 Weeks-0.35%
1 Month0.1%
3 Month2.04%
6 Month2.4%
12 Month2.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.26%
ATR Inc47.26%
Range Today0.05
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
CRS77.32
Mansfield0.92
10 Day High10.18
10 Day Low10
20 Day High10.18
20 Day Low10
52 Week High10.18
52 Week Low9.61
CS1 End10.01
CR1 Start10.05
Volume & EV
DER(3)-1.36%
DER(5)-0.82%
Volume388.20K
Volume Incr45.73%
Vol(5)95.08K
Vol(50)125.45K