VENDB Technical Analysis - VEND MARKETPLACES ASA CL-B

Technical Rating and Analysis

Taking everything into account, VENDB scores 3 out of 10 in our technical rating. In the last year, VENDB was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

100% of all other stocks performed better in the past year than VENDB.

VENDB is one of the lesser performing stocks in the Interactive Media & Services industry. 90% of 22 stocks in the same industry do better.

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.

In the last month VENDB has a been trading in the 348.20 - 390.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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 CL-B / VENDB Weekly stock chart

VEND MARKETPLACES ASA CL-B / VENDB Daily stock chart

Setup Rating and Analysis

VENDB has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

346.69

397.34

When analyzing the support we notice one important area.

A support zone ranging from 350.19 to 355.39. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 390.41 to 393.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 VENDB.OL is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for VENDB.OL is neutral.
ChartMill Relative Strength	0	NEGATIVE	VENDB.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 VENDB.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of VENDB.OL is below the rising SMA(50).
Relative Strength Index/RSI (14)	46.27	NEUTRAL	The RSI value for VENDB.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests VENDB.OL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	55.67	NEUTRAL	The Stochastics value for VENDB.OL is a neutral value.
Average True Range in percent/ATR (20)	2.24	MEDIUM VOLATILITY	The ATR as a percentage value for VENDB.OL suggests some volalility.
Average Directional Index/ADX (14)	22.74	NEUTRAL	The ADX value for VENDB.OL suggests a possible start of a new trend.