Valens Groworks Corp. (VGW.CA) Stock Technical Analysis
CNSX:VGW - Canadian Securities Exchange -
Overall VGW gets a technical rating of 3 out of 10. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
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.
Looking at the yearly performance, VGW did better than 94% of all other 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 currently trading near new highs, so VGW is lagging the market.
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
1.58
3.63
We found 3 important support areas.
- 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.
When analyzing the resistance we notice 5 important areas.
- 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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
CNSX:VGW (12/18/2019, 4:01:00 PM)
3.1
+0.05 (+1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.64%
1 Week6.53%
2 Weeks4.38%
1 Month-4.91%
3 Month-21.91%
6 Month-24.39%
12 Month154.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.56%
ATR Inc-3.72%
Range Today0.13
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.56
Mansfield-1.49
10 Day High3.18
10 Day Low2.85
20 Day High3.56
20 Day Low2.85
52 Week High4.9
52 Week Low1.3
CS1 End2.92
CR1 Start3.13
Volume & EV
DER(3)-0.89%
DER(5)-6.79%
Volume306.31K
Volume Incr71.41%
Vol(5)387.31K
Vol(50)339.11K