VIACOM INC NEW (VIAB) Stock Technical Analysis
USA - NASDAQ:VIAB -
Taking everything into account, VIAB scores 2 out of 10 in our technical rating. In the past year, VIAB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of VIAB 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.
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21.02
When analyzing the support we notice one important area.
- Support @21.23 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 24.23 to 24.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.45 from a trend line in the daily time frame.
- Resistance @28.73 from a trend line in the daily time frame.
- Resistance @30.64 from a trend line in the weekly time frame.
- Resistance @33.18 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 VIAB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VIAB is up. |
| ChartMill Relative Strength | 16.18 | NEGATIVE | VIAB has a low relative strength, it was outperformed by 83.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VIAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of VIAB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VIAB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.75 | NEUTRAL | The RSI value for VIAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests VIAB has a positive trend. |
| Stochastics (14,3) | 72.66 | NEUTRAL | The Stochastics value for VIAB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for VIAB suggests some volalility. |
24.22
+0.75 (+3.2%)
VIACOM INC NEW / VIAB FAQ
What is the technical rating for VIAB stock?
ChartMill assigns a technical rating of 2 / 10 to VIAB.
What is the current trend direction of VIACOM INC NEW (VIAB) stock?
The current trend direction for VIACOM INC NEW (VIAB) is Bearish.
What is the RSI signal for VIAB stock?
VIACOM INC NEW (VIAB) has an RSI value of 60.7474. This indicates that the stock is currently neutral.
Can you provide the MACD signal for VIACOM INC NEW?
The MACD indicator for VIACOM INC NEW (VIAB) has a value of 0.0922437, indicating a bearish trend.
What are the support and resistance levels for VIACOM INC NEW (VIAB) stock?
VIACOM INC NEW (VIAB) has a support level at 21.23 and a resistance level at 24.23. Check the full technical report for our detailed analysis of VIAB support and resistance levels.