VENU Technical Analysis - VENU HOLDING CORP

Technical Rating and Analysis

Overall VENU gets a technical rating of 4 out of 10. VENU was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

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

VENU is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry, of which 90% are performing better than VENU.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

In the last month VENU has a been trading in the 11.29 - 13.76 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

VENU HOLDING CORP / VENU Weekly stock chart

VENU HOLDING CORP / VENU Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, VENU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.46, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.55

13.58

We found 2 important support areas.

A support zone ranging from 12.22 to 12.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 11.67 to 11.67. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 12.82 to 12.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @13.45 from a horizontal 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 VENU is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for VENU is neutral.
ChartMill Relative Strength	0	NEGATIVE	VENU has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of VENU is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of VENU is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of VENU is above the rising SMA(200).
Relative Strength Index/RSI (14)	47.79	NEUTRAL	The RSI value for VENU is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests VENU has a positive trend, although the MACD value is declining.
Stochastics (14,3)	61.73	NEUTRAL	The Stochastics value for VENU is a neutral value.
Average True Range in percent/ATR (20)	5.54	HIGH VOLATILITY	The high ATR as a percentage value for VENU suggests high volalility.
Average Directional Index/ADX (14)	24.6	NEUTRAL	The ADX value for VENU suggests a possible start of a new trend.