VELO3D INC (VELO) Stock Technical Analysis
USA - NASDAQ:VELO - US92259N3026 - Common Stock
Taking everything into account, VELO scores 4 out of 10 in our technical rating. VELO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
VELO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for VELO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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4.10
When analyzing the support we notice one important area.
- Support @4.14 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @5.43 from a trend 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 | 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 | 0 | NEGATIVE | VELO has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VELO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of VELO is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 46.29 | NEUTRAL | The RSI value for VELO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests VELO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.01 | NEUTRAL | The Stochastics value for VELO is a neutral value. |
| Average True Range in percent/ATR (20) | 18.39 | HIGH VOLATILITY | The high ATR as a percentage value for VELO suggests high volalility. |
| Average Directional Index/ADX (14) | 18.67 | NEGATIVE | The low ADX value for VELO suggests a weak or negative trend. |
4.43
+0.28 (+6.75%)
VELO3D INC / VELO FAQ
What is the ChartMill technical rating of VELO3D INC (VELO) stock?
ChartMill assigns a technical rating of 4 / 10 to VELO.
What is the trend direction for VELO stock?
The current trend direction for VELO3D INC (VELO) is Bullish.
What is the RSI signal for VELO stock?
VELO3D INC (VELO) has an RSI value of 46.2864. This indicates that the stock is currently neutral.
What is the MACD signal for VELO3D INC (VELO) stock?
The MACD indicator for VELO3D INC (VELO) has a value of -0.152945, indicating a bearish trend.
What is the support and resistance level for VELO stock?
VELO3D INC (VELO) has a support level at 4.14 and a resistance level at 5.43. Check the full technical report for our detailed analysis of VELO support and resistance levels.