Taking everything into account, VGM scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VGM is only an average performer.
Besides having an excellent technical rating, VGM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for VGM in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @10.45. This is a Buy Stop order right above the resistance zone.||An exit @10.22. This is a Stop Loss order right below the 10 day low.||The worst case loss on the trade is limited to 0.23 points, which is 2.20%.||For a 0.55% total portfolio risk, you can invest 25.00% of your capital in this trade.|
NYSE:VGM (2/3/2023, 7:14:05 PM)-0.05 (-0.48%)
|2 Weeks||0.39%||1 Month||4.75%|
|3 Month||14.46%||6 Month||-4.86%|
|ATR Inc||-30.94%||Range Today||0.09|
|ST Trend||LT Trend|
|10 Day High||10.55||10 Day Low||10.23|
|20 Day High||10.55||20 Day Low||9.9|
|52 Week High||12.41||52 Week Low||9|
|CS1 End||10.06||CR1 Start||10.37|
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