Valens Groworks Corp. (VGW.CA) Technical Analysis
CNSX:VGW
Current stock price
VGW.CA Technical Rating and Analysis
Taking everything into account, VGW scores 3 out of 10 in our technical rating. Although VGW is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- In the last month VGW has a been trading in the 2.85 - 3.56 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that VGW is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- VGW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VGW is lagging the market slightly.
VGW.CA Weekly and Daily overview Charts
VGW.CA Setup Rating and Analysis
The technical rating of VGW is bad and it also does not present a quality setup 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.
More info and screens
VGW.CA Support and Resistance Analysis
1.58
3 important support areas can be observed.
- Support @2.92 from a trend line in the daily time frame.
- Support @2.78 from a horizontal line in the weekly time frame.
- Support @1.60 from a trend line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 3.13 to 3.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.25 from a trend line in the daily time frame.
- Resistance @3.39 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.49 to 3.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.59 from a trend line in the weekly time frame.
VGW.CA 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 | DOWN | NEGATIVE | The long term trend for VGW.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VGW.CA is neutral. |
| ChartMill Relative Strength | 94.56 | POSITIVE | VGW.CA has a high relative strength, it outperformed 94.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VGW.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VGW.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of VGW.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.33 | NEUTRAL | The RSI value for VGW.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests VGW.CA has a positive trend. |
| Stochastics (14,3) | 64.76 | NEUTRAL | The Stochastics value for VGW.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for VGW.CA suggests some volalility. |
VGW.CA Chart- and CandleStick Pattern Analysis
VGW.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CNSX:VGW (12/18/2019, 4:01:00 PM)
3.1
+0.05 (+1.64%)
Valens Groworks Corp. / VGW.CA TA FAQ
What is the ChartMill technical rating of Valens Groworks Corp. (VGW.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to VGW.CA.
What is the current trend direction of Valens Groworks Corp. (VGW.CA) stock?
The current trend direction for Valens Groworks Corp. (VGW.CA) is Bearish.
What is the RSI signal for VGW stock?
Valens Groworks Corp. (VGW.CA) has an RSI value of 52.3256. This indicates that the stock is currently neutral.
What are the support and resistance levels for Valens Groworks Corp. (VGW.CA) stock?
Valens Groworks Corp. (VGW.CA) has a support level at 2.92 and a resistance level at 3.13. Check the full technical report for our detailed analysis of VGW.CA support and resistance levels.