VENDA Technical Analysis - VEND MARKETPLACES ASA

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to VENDA. VENDA performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

When comparing the yearly performance of all stocks, VENDA is a bad performer in the overall market: 100% of all stocks are doing better.

VENDA is part of the Interactive Media & Services industry. There are 20 other stocks in this industry, of which 89% are performing better than VENDA.

In the last month VENDA has a been trading in the 338.00 - 375.20 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VEND MARKETPLACES ASA / VENDA Weekly stock chart

VEND MARKETPLACES ASA / VENDA Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, VENDA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

334.61

374.07

When analyzing the support we notice one important area.

A support zone ranging from 337.99 to 337.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

4 important resistance areas can be observed.

Resistance @340.60 from a horizontal line in the daily time frame.
A resistance zone ranging from 353.34 to 354.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 361.80 to 362.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @370.37 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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 VENDA.OL is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for VENDA.OL is down.
ChartMill Relative Strength	0	NEGATIVE	VENDA.OL 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 VENDA.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of VENDA.OL is below a declining SMA(50).
Relative Strength Index/RSI (14)	31.05	NEUTRAL	The RSI value for VENDA.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.39	NEGATIVE	The MACD value suggests VENDA.OL has a negative trend.
Stochastics (14,3)	12.24	OVERSOLD	The low Stochastics value suggests VENDA.OL may be oversold.
Average True Range in percent/ATR (20)	2.77	MEDIUM VOLATILITY	The ATR as a percentage value for VENDA.OL suggests some volalility.
Average Directional Index/ADX (14)	18.23	NEGATIVE	The low ADX value for VENDA.OL suggests a weak or negative trend.